PERTH (miningweekly.com) – ASX-listed Boss Resources has reported a 10% increase in the contained metal endowment at its Honeymoon uranium project, in South Australia.
The increase in the Honeymoon resource followed on from a 107% increase in the inferred resource estimate for the Jason deposit, which now stands at 6.2-million tonnes, grading 790 parts per million (ppm) for 10.7-million pounds of contained uranium oxide (U3O8).
The combined Honeymoon project is now estimated to contain a resource of 43.5-million tonnes, at 660 ppm, for 63.3-million pounds of U3O8.
“The 107% increase of the Jasons resource confirms our interpretation of high prospectivity of the Yarramba palaeochannel. This programme provides us with further confidence that targeted drilling can extend the uranium endowment in this region and that of our larger tenement holdings,” said Boss CEO Duncan Craib.
The increase in the Jasons resource resulted from a 77-hole maiden exploration programme undertaken over December and January. The exploration focused on the central portion of the Jasons deposit, and assessed the continuity of the mineralisation trends, as well as verifying historical grade data.
The Jasons region has a further exploration target of between 1.5-million and 6-million tonnes, between 600 ppm and 1 500 ppm, for between 7-million and 18-million pounds of contained U3O8, which forms part of a combined exploration target of more than 100-million pounds.