ALLIGATOR ENERGY LIMITED 8 October 2014
ASX Announcement
Assays confirm high grade uranium at NE Myra, Drilling re-commences on Tin Camp Creek Project Drilling Re-commences on Tin Camp Creek Project
Assay results received for NE Myra and Orion North Drilling
Best intersection of 3m @ 1489ppmU3O8 at NE Myra confirming presence of uranium mineralisation.
Drilling underway at Orion South prospect.
Further drilling to be undertaken at Mintaka to test down dip extensions of mineralisation followed by initial drill testing of Orion East.
Alligator Energy Ltd (AGE) is pleased to provide a further update of exploration activities at the Tin Camp Creek Project.
Assay results confirm presence of uranium mineralisation at NE Myra
Laboratory assay results have been received for drill samples obtained from recent drilling in the NE Myra Orion North area.
A best intersection of 3m @ 1489ppm U3O8 from 60m was returned from drill hole OBR14-111 located on the eastern most drill line completed at the NE Myra prospect. An intersection of 2m @ 1005ppm U3O8 from 93m was returned from OBR14-108 which is located approximately 500 metres to the west and along strike from OBR14-111. These two intersections are hosted in altered schists and are interpreted to be linked by a mineralised structure. Further potential exists further to the northeast and along strike of existing drilling.
Anomalous uranium mineralisation (>200 - 1000 ppm U3O8) was also intersected over narrow intervals in four additional drill holes in the Orion North-NE Myra area.
The presence of high grade uranium mineralisation worth pursuing in the NE Myra area is encouraging. However, in the Orion North area although anomalous uranium mineralisaton was encountered, potential for high grade mineralisation has been
downgraded.
Both targets were derived from the recent SAM - MMR airborne geophysical survey results and give great confidence that this technology coupled with geochemical information is providing good quality drill targets. Planning and prioritisation of further work in the NE Myra area will be undertaken following completion of drill testing and assessment of the Orion South, Mintaka and Orion East targets. No further work is planned for Orion North
Drill hole locations are shown on Figure 1 and a summary of assay results are provided in Table
Alligator has re-commenced drilling at the Tin Camp Creek Project. Drilling over the next month will include initial testing of two new target areas (Orion South and Orion East) as well as further drilling to test the down dip extensions of uranium mineralisation identified at Mintaka in September. A further 1500 metres of RC and diamond drilling is planned in this campaign over the next four to six weeks.
Drilling has commenced to test the Orion South area. Drilling is testing SAM/MMR and EM
targets defined by recent surveys. Two 300 metre drill holes are to be completed.
Hole ID | Prospect | MGA 94 Easting | MGA 94 Northing | Azimuth (Mag) | Dip | Metres From surface | Length (metres) | Grade % U3O8 |
OBR14-101 | North Orion | 322675 | 8623368 | 357 | -75 | No Significant Uranium mineralisation | ||
OBR14-102 | North Orion | 322677 | 8623247 | 357 | -75 | No Significant Uranium mineralisation | ||
OBR14-103 | North Orion | 322696 | 8623446 | 357 | -80 | No Significant Uranium mineralisation | ||
OBR14-104 | North Orion | 323092 | 8623416 | 340 | -75 | No Significant Uranium mineralisation | ||
OBR14-105 | North Orion | 323653 | 8624083 | 360 | -75 | No Significant Uranium mineralisation Anomalous uranium up to 1m @ 267ppm U3O8 | ||
OBR14-106 | North Orion | 323640 | 8624040 | 360 | -70 | No Significant Uranium mineralisation | ||
OBR14-107 | North Orion | 323616 | 8623818 | 360 | -75 | No Significant Uranium mineralisation | ||
OBR14-108 | North East Myra | 325367 | 8624706 | 357 | -75 | 93 | 2 | 1005 |
OBR14-109 | North East Myra | 325354 | 8624628 | 357 | -60 | No Significant Uranium mineralisation. | ||
OBR14-110 | North East Myra | 325895 | 8624832 | 357 | -60 | No Significant Uranium mineralisation Anomalous uranium up to 1m @ 315ppm U3O8 | ||
OBR14-111 | North East Myra | 325926 | 8624827 | 357 | -60 | 60 | 3 | 1489 |
OBR14-111 | North East Myra | 325926 | 8624827 | 357 | -60 | 67 | 1 | 430 |
OBR14-112 | North East Myra | 325927 | 8624690 | 357 | -70 | No Significant Uranium mineralisation | ||
OBR14-113 | North East Myra | 325924 | 8624924 | N/A | -90 | No Significant Uranium mineralisation Anomalous uranium up to 1m @ 250ppm U3O8 | ||
OBR14-114 | North East Myra | 324898 | 8624648 | 357 | -75 | No Significant Uranium mineralisation | ||
OBR14-115 | North East Myra | 324906 | 8624574 | 357 | -75 | No Significant Uranium mineralisation |
Alligator Energy Ltd is an Australian, ASX listed, exploration company with uranium exploration tenements in the world class Alligator Rivers Uranium Province in Arnhem Land, Northern Territory. The Alligator Rivers Uranium Province hosts nearly 1 billion pounds of high grade uranium resources and past production, including the Ranger Mine and Jabiluka. The company's flagship project is the Tin Camp Creek Project. Since listing in February 2011, the company has completed in excess of 15,000m of drilling, defined a maiden high grade, JORC compliant resource at Caramal (6.5Mlb U3O8 at 3100ppm U3O8) and discovered new mineralization at Mintaka and Orion East. High Grade mineralization also occurs at the historic South Horn and Gorrunghar prospect which remain only partially tested.
The company has in excess of 1000km2 of Exploration Licence applications and is also in Joint Venture with Cameco Australia Pty Ltd for the Mamadawerre Project, also within the Alligator Rivers Uranium Province
Mr Rob Sowerby
Chief Executive Officer
Alligator Energy Ltd
Email: mailto:info@alligatorenergy.com.auinfo@alligatorenergy.com.au
Appendix 1- JORC Code, 2012 Edition - Table 1
Tin Camp Creek Project - Phase 1 Drilling Results - 8 October2014. Section 1 Sampling Techniques and Data
Criteria
Drill sample recovery
Sub- sampling techniques and sample preparation
Location of data points
Audits or reviews
Section 2 Reporting of Exploration Results
Criteria
Mineral tenement and land tenure status
Data aggregation methods
Further work
including the main geologica/ interpretations and future drilling areas, provided this information is not commercial/y sensitive.
Competent Persons Statementlnformation in this report is based on current and historic Exploration Results compiled by Mr Rob Sowerby who is a Member of the Australasia n lnstitute of Geoscientists.Mr Sowerby is CEO and Director of Alligator Energy Ltd, and has suffloent experience which is relevant to the style of mineralisation and type of deposit under consJderation and to
the activity he is undertaking to qualify as a Competent Person as defined in the 201 2 Edition of the 'Australasian
Code for Reporting of Exploration Results, Minerai Resources and Ore Reserves. Mr Sowerby consents to the inclusion in this release of the matters based on his inforrnation in the form and context in which it appears.
Alligator Energy Ltd ACN 1 40 575 604
Webs1te: www.alligatorenergy.com.au
Phone: +61 7385 2 471 2 l Fax: +61 7 3852 5684
ASX Code: AGE
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