China Yunnan Copper Australia Limited (China Yunnan) has announced with joint venture partner Goldsearch Limited (Goldsearch) the commencement of drilling this month on one of the Mary Kathleen Project prospects considered prospective for uranium and rare earth elements (REE) mineralisation. Elaine Dorothy occurs within the Mount Isa Inlier, north west Queensland.
At Elaine Dorothy previous exploration by Mary Kathleen Uranium (formerly operators of the Mary Kathleen Mine) and GSE has highlighted significant Mary Kathleen-style uranium (and REE) mineralisation.
An exploration target for the Elaine One Anomaly is assessed at between 150,000t and 250,000t of mineralisation with grades between 0.34 and 0.56 kg/t U3O8 (using a 0.15 k/t U3O8 cutoff grade) and will be tested by twinning previous high grade intercepts. This target is based on historical data from 9 diamond core holes with chemical assays of unknown method and surface outcrops with scintillometer readings. This data has been reviewed and assessed by an independent consultant.
Source：www.globserver.com