{"id":8116,"date":"2024-04-09T01:45:04","date_gmt":"2024-04-09T01:45:04","guid":{"rendered":"https:\/\/economicherald.net\/?p=8116"},"modified":"2024-04-09T01:45:04","modified_gmt":"2024-04-09T01:45:04","slug":"mamba-is-about-to-drill-canary-down-the-road-from-one-of-the-worlds-highest-grade-uranium-deposits","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=8116","title":{"rendered":"Mamba is about to drill Canary, down the road from one of the world\u2019s highest grade uranium deposits"},"content":{"rendered":"<p>Special Report: Mamba Exploration\u2019s inaugural drill program is expected to begin early-May at Canary, just 11km from TSX-listed IsoEnergy\u2019s super high-grade Hurricane deposit in the Athabasca Basin.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/mamba-exploration-m24\/\">Mamba Exploration (ASX:M24)<\/a> inked a binding deal in January to buy 75% of the Canary project in the prolific Athabasca Basin \u2013 the \u2018James Bay\u2019 of uranium destinations.<\/p>\n<p><strong>IsoEnergy (TSX.V:ISO)<\/strong> is up +1500% since the 2018 discovery of the outrageously high-grade Hurricane deposit in the eastern Athabasca Basin, which measures 48.61Mlb at a barely believable 34.5% U3O8.<\/p>\n<p>On average, one cubic metre of Hurricane\u2019s high-grade domain weighs over 4.5 tonnes and contains over 5200lb of U3O8, the company said last year.<\/p>\n<p>What a neighbourhood to be in.<\/p>\n<p>At Canary, targets have already been defined by vendor and JV partner <strong>Standard Uranium (TSX.V:STND),<\/strong> with the upcoming drill program the first at the project since 2007.<\/p>\n<p>This historical drilling identified anomalous uranium which, together with recently defined geophysical anomalies, suggests Canary is highly prospective for both unconformity-style and basement-hosted uranium mineralisation, M24 says.<\/p>\n<p>The upcoming program will focus on high-priority unconformity-related uranium targets, which lie about 200-300m below surface.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>\u2018Comparatively underexplored\u2019<\/strong><\/h2>\n<p>\u201cThe northeast portion of the eastern Athabasca Basin remains comparatively underexplored in terms of drilling,\u201d says Neil McCallum, technical director of Standard Uranium.<\/p>\n<p>\u201cImmediately to the south of the project, in the well-explored greater eastern-Athabasca region, the drilling density is roughly 1.7 drill holes\/km2.<\/p>\n<p>\u201cThe Canary project contains two main conductive corridors, yet only contains three historical drill holes, or a drilling density of 0.04 drill holes\/km2.<\/p>\n<p>\u201cI am incredibly enthusiastic to have our inaugural drilling beginning soon, after several years of methodical targeting work in preparation for this.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Mamba Exploration, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/mamba-is-about-to-drill-canary-down-the-road-from-one-of-the-worlds-highest-grade-uranium-deposits\/\">Mamba is about to drill Canary, down the road from one of the world\u2019s highest grade uranium deposits<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Special Report: Mamba Exploration\u2019s inaugural drill program is expected to begin early-May at Canary, just 11km from TSX-listed IsoEnergy\u2019s super high-grade Hurricane deposit in the <a href=\"https:\/\/economicherald.net\/?p=8116\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":8117,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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