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Energy Metals Ltd.

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Summary

Project:

Malawiri

Deposit:Malawiri
Location:Australia
Commodities:Uranium
Date:9/27/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:27-9-2016: Energy Metals Ltd. announces an Exploration/Drilling Update report for its Malawiri deposit at the Malawiri project. Drilling results incl. 8.1m @ 1789ppm eU3O8 from 222.0m. Energy Metals Limited (ASX: EME) is pleased to advise that a small dri
Resources:x
CP/QP:[Overall Report]: Wayne Taylor, Lindsay Dudfield (Internal;Not stated)
ABSTRACT:Energy Metals Limited (ASX: EME) is pleased to advise that a small drilling program of four rotary mud/diamond core holes for a total of 840m has been completed at EME’s Malawiri project area 200km northwest of Alice Springs in the eastern Ngalia Basin (Figure 1). The project is located on EL24451, a 100% EME tenement, and ELR41, a joint venture between EME (52.1%) and Paladin Energy Ltd (47.9%). Uranium was discovered in the project area by AGIP in 1978 at the Minerva prospect. Central Pacific Minerals later explored the adjacent Malawiri prospect; however, no drilling has been undertaken since 1982. In the current program three of the four holes attracted collaborative funding under the NT Government’s CORE Geophysics and drilling initiative. The aim of the collaborative program was to better understand the undercover geology of the poorly explored eastern Ngalia Basin on EL24451, and to assist EME in exploring for buried uranium deposits similar in style to the known Malawiri and Minerva prospects. EME believes that there is considerable potential for Malawiri and Minerva “look-alike” deposits in stratigraphic repeats throughout the eastern Ngalia Basin. This view is based on high-resolution magnetic imagery that has been specially filtered to reveal the complex folded structure of the buried Mount Eclipse Sandstone and underlying formations; the former is the host unit for uranium in the Ngalia Basin. In the eastern and southern part of the Ngalia Basin, the Mount Eclipse Sandstone is buried by up to 120m of younger Cenozoic sediments of the Whitcherry Basin.

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