Argus Metals has declared that the company has started the 2,500 m drilling campaign at the Kaituma uranium and gold project, located in North-West Guyana.
The company has engaged AK Drilling to carry out a reverse circulation drilling program for a minimum 2,500 m over five fences, focusing on the gold and uranium anomalies discovered through ground-based and aerial exploration work. These works were carried out by AREVA, BHP Billiton (BHP) and StrataGold.
The company’s Kaituma uranium and gold project has shown a geochemical or geophysical uranium target in a leucogranite or episyenite intrusive existing in Guyana Shield Greenstone Belt together with the same geological model as deposits like the metasomatic albite hosting in Lago Real mine in Brazil and the alaskite hosted Extract Resources’ Husab deposit in Namibia.
The geology model of the Kaituma will be clear, as this drilling campaign commences execution. The high priority uranium target at the project has a strike of more than 10 km with a thickness of around 1 km.
Many companies have previously explored this Kaituma project, wherein the exploration work includes ground-based geophysics, aerial geophysics, trenching and soil sampling. The Kaituma project’s eastern and western PLs enclose a strike of more than 10 km of radiometric anomalies, outlined through a 1996 BHP aerial radiometric survey, a StrataGold 2007 stream, soils and trenching campaign and a 1982 Cogema geophysical and soil sampling campaign. These program results have shown high-level correlation results among survey methods and operators.
The company has discovered three gold anomalies through the work at the Kaituma West PL and this work has shown the inclusion of two hydrothermal alteration in greenstones present on the intrusive’s margin and shear associated mineralization.
Source: http://www.argusmetalscorp.com/
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