The latest drilling results from Boss Energy’s Gould’s Dam has supported the company’s strategy to significantly increase the Honeymoon uranium mine’s annual production capacity and mine life.
Work has now commenced on accelerating the development of Gould’s Dam, an important satellite project to the nearby Honeymoon mine in South Australia.
“The current delineation program provides important data which will be used in wellfield planning and other advanced pre-development activity,” Boss Energy said.
“It will also enable Boss to complete detailed geological and mineralisation models which will support the ongoing development work and preparation for an ISR mining lease proposal for Gould’s Dam.”
It is hoped that this will lead into the next phase of mine plan development, including pump testing of the mineralised aquifer within the Gould’s Dam indicated resource and core sample test work.
Latest drilling at the site is targeting three key areas: Sunrise, Billeroo and Beulah.
“Exploration will now focus on the Beulah satellite deposit where 40 holes are planned to better define the mineralisation and geological characteristics of this region,” Boss Energy said.
The Beulah target is located approximately 6.5km north of Gould’s Dam and has been subject to sporadic drilling campaigns between the late 1970’s and 2006.
“Historic drilling within this area is limited and relatively sporadic, therefore the aim of the proposed drilling program is to complete infill and step out drilling and test several interesting geological targets,” Boss Energy said.
“Results of this initial first pass drilling program will then be interpreted to determine the scope for further work in this area.”
Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
