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Alligator Energy Intersects Uranium Mineralization South of South Australia Deposit

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Alligator Energy (ASX:AGE) said an around 300-hole drilling program intersected uranium mineralization south of the known extent of the Blackbush deposit, part of the Samphire uranium project in South Australia, according to a Tuesday Australian bourse filing.

It encountered intercepts of 3.2 meters at 0.12%, or 1,189 parts-per-million (ppm), grade of triuranium octoxide-equivalent from 54.6 meters, as well as 2.4 meters at 0.2%, or 2,025 ppm, grade of triuranium octoxide-equivalent from 61 meters.

A recent call option to purchase the Mullaquana Crown Lease provides immediate access to drill the southern extension of Blackbush, Plumbush, and the prospective corridor between the two deposits.

It completed 108 delineation drill holes within the existing Blackbush mineral resource area, with infill drilling started at Plumbush.

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