Eclipse Uranium Project, NT.

The Eclipse Uranium Project covers 6,816 km in the Ngalia Basin, 250 km north-west of Alice Springs. The Company's granted tenements cover an area of 2,908 sq km, and are primarily located in the southeast of the project area.
 
Highlights 

  • Adjacent Toro Energy Ltd (ASX:TOE) and Deep yellow (ASX:DYL) New Well Prospect
  • Three Aircore drill programs completed: 4,005 holes for 10,818m
  • 100% company owned

Cauldron's southern licences cover the northern half of Lake Lewis and associated internal drainages.  Airborne radiometric data indicates that uranium enriched material is present in these drainages and is depositing around the margins of Lake Lewis and at trap sites along the drainage system. A number of target areas have been identified from interpretation of radiometric data and investigation of historical open file data. Of particular significance is the Mount Wedge Prospect discovered by Uranerz (Aust) P/L during the late 1970's.

A number of significant uranium occurrences are located within the basin including the Bigrlyi Uranium deposit, 10,590 tonnes at 0.14% U3O8. The Bigrlyi Uranium deposit, a modified roll front style, covering a stike length of 12 km was identified in 1973 during basin wide exploration undertaken by Central Pacific Minerals NL and is now held by Energy Metals Limited (53%).
 
Current Exploration
Aircore drilling conducted by the company, 4005 holes for 10,818m, has targeted near surface calcrete hosted uranium mineralisation (similar to the adjacent New Well Uranium Deposit) within a large regional drainage system and potential targets interpreted from the 2007 TEMPEST electromagnetic survey. These targets include including buried channels and palaeo-lake margins. The drilling intersected surficial red-brown, sandy soil (thickness 1-6m) overlying up to 9m of red-brown calcrete and silts with a basal calcrete layer. This horizon which returned a number of anomalous uranium intersections from 3m composite sampling, including 50 ppm U from 6-9m from drill hole ECAC 199, overlies transported silts, clays and sands which in some places attain depths of greater than 70m.

Eclipse Uranium Project >>