Valor Resources Limited (ASX:VAL) has identified numerous anomalies from a recently completed high-resolution airborne radiometric survey and the commencement of on-ground work at the company’s Hook Lake Project in Canada.
The radiometric survey was completed in late July and covered the north-eastern third of the Hook Lake Project including the Hook Lake/Zone S historical high-grade uranium occurrence.
Total count radiometric anomalies were ranked with the highest priority anomalies being strongly correlated with the uranium channel count. The survey was flown by Special Projects Inc. (SPI) from Calgary, Alberta who are considered an industry-leading provider of high-resolution airborne radiometric surveying. SPI flew the radiometric survey that delineated Fission Uranium’s PLS boulder field which eventually led to the discovery of the high-grade uranium Triple R deposit.
Of note is the cluster of Priority 1 and 2 anomalies identified in the northwest of the project area where no uranium occurrences have previously been identified. The historical high-grade uranium occurrence at the Hook Lake (or Zone S) prospect was confirmed as a Priority 1 radiometric anomaly, with a Priority 2 anomaly located approximately 3km to the northeast along strike. There are additional Priority 1 and 2 anomalies away from known occurrences that require on-ground follow up.
On-ground follow-up work has commenced which is being conducted by Dahrouge Geological Consulting Ltd. This work is focused on validating and developing the geological understanding of the historic uranium occurrences, such as the Hook Lake (or Zone S) prospect.
The company is excited about a sample with uraninite from a 10cm X 8cm float boulder at the Hook Lake prospect (527620E 6346973N – WGS 84 UTM Zone 13N) taken during the current field programme.
The sample, which has not yet been assayed, returned elevated readings from the RS-125 scintillometer and was taken from the same location as the historical grab sampling which returned assays up to 68% U3O8. The sample is a point sample and therefore has a high potential of bias and should not be considered representative of the overall mineralised structure or rock type.
The field crew will also follow-up on the new targets generated from the magnetic/VLF-EM survey completed in April and the priority anomalies identified from the recently completed airborne radiometric survey. A field crew supported by a helicopter is carrying out the field program over a period of 2-3 week
