Mining has always been a profitable and advantageous industry; even bronze-age man realized the importance of mining to get the metal he needed, even if “mining” at the time meant “digging into the side of a mountain for a while” for him.Now, tens of thousands of years later, our advances in technology have made mining easier and even more profitable. Advances that uranium-mining micromagnate Aldershot Resources Ltd. (Pinksheets: ALZTF / TSXV: ALZ) are taking full advantage of.
According to a recent press release, Aldershot will soon begin drilling at the Adelaide River Prospect in Northern Territory, Australia. Four diamond drill holes – two at the Adelaide River Mine and two at the George Creek Prospect approximately 7 km to the south – are planned for the initial phase of drilling.
Vice President of Exploration Ian Faris said “With the area drying out and drilling now underway as well as getting a second geologist on-site, mapping and follow-up of the airborne anomalies can be undertaken at the same time as the drilling. Having an historical mine on our exploration license gives Aldershot a very powerful exploration tool. Mapping of the surface expression of the mineralization and its host structure can be related back to the mineralization intersected by the drilling. In turn, the knowledge gained from this work can immediately be used in evaluating the airborne anomalies. Our geophysicist has identified an initial 32 radiometric uranium anomalies located along a 12.5 kilometer corridor for initial follow-up.”
Faris was pleased with Aldershot’s acceptance of the program, and hoped for the best for the project.
“This is an exciting program for Aldershot and we are confident that the results of this drilling, the supporting mapping and ground follow-up of the airborne radiometric anomalies will generate a significant mineralized zone as well as additional areas for future drill testing for both uranium and the associated gold anomalism,” Faris concluded. “The first hole will take about a week to complete, with assay results available about a month later. The plan is to complete this initial field program by mid-August.”
