{"id":9383,"date":"2024-05-09T00:36:57","date_gmt":"2024-05-09T00:36:57","guid":{"rendered":"https:\/\/economicherald.net\/?p=9383"},"modified":"2024-05-09T00:36:57","modified_gmt":"2024-05-09T00:36:57","slug":"drilling-begins-at-canary-in-mambas-hunt-for-next-hurricane-style-uranium-deposit","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=9383","title":{"rendered":"Drilling begins at Canary in Mamba\u2019s hunt for next Hurricane-style uranium deposit"},"content":{"rendered":"

Maiden 2024 drill campaign commences at Mamba\u2019s Canary project in Canada\u2019s Athabasca Basin
\nPhase I consists of 3-4 diamond drill holes for up to 1500m along the northern corridor
\nCanary just 11km from super high-grade 34.5% U3O8 Hurricane deposit<\/p>\n

\u00a0<\/p>\n

Special Report<\/em><\/strong>: The first hole of a 3-4 diamond drill campaign at Mamba Exploration\u2019s Canary uranium project has commenced in partnership with seasoned Athabasca yellowcake hunter Standard Uranium.<\/strong><\/p>\n

Mamba Exploration\u2019s (ASX:M24)<\/strong><\/a> Canary project is just 11km from TSX-listed IsoEnergy\u2019s super high-grade 48.61Mlb @ 34.5% U3O8 Hurricane depos<\/a>it and within the same geological domain.<\/p>\n

Hurricane has been a company maker for IsoEnergy, which is up ~1500% over the past four years.<\/p>\n

M24\u2019s 73km\u00b2 Canary project is currently under a three-year earn-in option agreement with operators Standard Uranium, a company which knows the Athabasca like the back of its hand with at least 11 projects currently in the region.<\/p>\n

The tenements cover more than 16 km of conductive corridors across three prospective exploration trends which locally host anomalous historical uranium occurrences.<\/p>\n

The project sits in the Mudjatik geological domain where several recent discoveries have been made \u2013 notably IsoEnergy\u2019s Hurricane deposit \u2013 and is significantly underexplored relative to adjacent magnetic low\/EM conductor corridors.<\/p>\n

\u00a0<\/p>\n

Projects in the northeastern Athabasca Basin including the Canary project and the nearby Hurricane deposit. Pic supplied: (M24)<\/p>\n

\u00a0<\/p>\n

2024\u2019s maiden drill campaign<\/strong><\/h2>\n

The spring\/summer drilling helicopter exploration program at Canary will focus on high priority targets identified by Standard Uranium in 2022 and 2023 and will be the first campaign completed in conjunction with M24 on the project.<\/p>\n

In 2022, Standard Uranium completed a high-resolution ground DC\/IP survey on the project which provided valuable structural and lithological information in the area to identify conductive bodies and potential fault systems.<\/p>\n

M24 says the surveys show significant resistivity-low anomalies are present along the northern conductor which potentially represent substantial hydrothermal alteration zones in the sandstone and are coincident with basement conductors.<\/p>\n

One diamond hole will focus on the highest priority target along that corridor which will investigate a significant resistivity anomaly for the first time.<\/p>\n

\u00a0<\/p>\n

Highlighted anomalies being targeted in the current drill campaign. Pic supplied: (M24)<\/p>\n

\u00a0<\/p>\n

\u201cDrill targets have been prioritised on the northern Canary EM corridor, providing robust and untested drill targets for the Phase I drilling program,\u201d the explorer says.<\/p>\n

\u201cAdditonally, legacy GeoTEM data defining the southeastern EM corridor on the project is directly comparable to the response and scale of the GeoTEM conductor, which hosts the Roughrider\/J-zone uranium deposits further to the south.<\/p>\n

\u201cHighly anomalous geochemistry and favourable alteration was returned from historical drill hole CRK-137 along the southeastern conductor, providing an exceptional follow-up target.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Mamba Exploration, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Drilling begins at Canary in Mamba\u2019s hunt for next Hurricane-style uranium deposit<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Maiden 2024 drill campaign commences at Mamba\u2019s Canary project in Canada\u2019s Athabasca Basin Phase I consists of 3-4 diamond drill holes for up to 1500m [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":9384,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nDrilling begins at Canary in Mamba\u2019s hunt for next Hurricane-style uranium deposit - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=9383\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drilling begins at Canary in Mamba\u2019s hunt for next Hurricane-style uranium deposit - 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