Stallion Project
Interest: Manhattan 100%
Operator: Manhattan Corporation Limited
The Stallion uranium prospect is located in E28/1523 and centred 14 kilometres northwest of the Double 8 uranium deposit at Ponton.
In 2010 Manhattan completed 221 vertical aircore drill holes totalling
16,914m and 16 duplicate sonic drill holes totalling 1,177m of drilling
at Stallion. Drilling has been completed on 200m and 400m spaced lines
with holes drilled at 100m centres along each grid line across the
palaeochannel within mineralised zones. All drill holes were gamma
logged.
Multiple zones of anomalous uranium mineralisation, confirmed by the down hole gamma logs, 200m to 1,000m wide and between 2m and 25m thick have been encountered in drilling along 8 kilometres of the palaeochannel at Stallion at 60m to 90m deep.
The Stallion prospect has been systematically drilled to a detail that would support resource estimations. The sonic holes have duplicated and twinned approximately 1 in 3 of the mineralised holes at Stallion and provided competent samples of the unconsolidated mineralised sands for chemical analysis. Resource estimates will be completed and reported when further secular disequilibrium data are received, models refined and conversion procedures for Manhattan’s down hole gamma probe data to grade eU3O8 are finalised. Preliminary information gives a strong likelihood that a disequilibrium factor for the Stallion prospect may be significantly higher than the x1.2 currently assumed for the Inferred Resources at Double 8.
The geological controls and style of the palaeochannel sand hosted uranium mineralisation at Stallion are similar to the mineralisation encountered at Double 8.