Importantly, Junction Dam sits in the identical paleochannel as Boss Power’s huge Honeymoon uranium mission that encompasses a mineral useful resource of 36 million kilos grading 660ppm uranium oxide. The Jasons deposit at Honeymoon already hosts a JORC-compliant useful resource of 6.2 million tonnes at 790ppm for 10.7 million kilos of contained uranium oxide.
Highlights from Boss’ recently-completed drilling program at Jasons, near Junction Dam, returned a 3m hit at 3221ppm uranium oxide from 105.5m, 6m going 1278ppm from 100.5m and three.25m grading 1509ppm from 104.5m.
Marmota initially stopped work at Junction Dam in 2014 following the aftermath of the Fukushima catastrophe in Japan. Now, nearly 10 years on, it’s assured the time is correct to re-evaluate and reignite the operation … and a rising tide behind uranium globally appears to help that concept.
The corporate has already recognized 4 new, high-priority drill targets to the north, east and south of the Saffron useful resource the place the geology is beneficial for uranium mineralisation and is supported by stratigraphic modelling, electromagnetic surveys and gravity pictures.
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