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Roboto

Greenvale has secured the rights to obtain an immediate 80% interest in the Douglas Uranium Project located 200km south of Darwin in the Pine Creek Mineral Field.

The Pine Creek Region is one of the world’s largest and richest uranium provinces, containing the Alligator River (Ranger, Jabiluka deposits), Rum Jungle and South Alligator Valley (Coronation Hill, El Sherana Deposits).

Despite this the region remains lightly explored particularly in the southern Daly Basin area where the Geology supports multiple ideal settings for sandstone hosted uranium deposits.

Greenvale proposes to fly 100m spaced airborne magnetics/radiometrics over the entire project area as a precursor to ground exploration.

Historical 400m line spaced airborne magnetics/radiometric survey by the NTGS had defined multiple U/Th ratio anomalies which are concentrated within the eastern and western paleochannels with two highly anomalous zones defined in the eastern paleochannel.

United followed up eastern paleochannel ground sampling with a close spaced airborne radiometric survey immediately over the southeastern anomaly which defined a significant drill target. United abruptly ceased work subsequent to the Fukushima tsunami impact.

The southeastern anomaly is considered by Greenvale to be an immediate drill target.

The northeastern U anomaly is defined by 400m line spacing radiometrics and requires close spaced (100m) airborne radiometrics to better define the anomaly prior to drilling.

NTGS databases “Historical Mineral Titles” and “GEMIS” were interrogated to capture past exploration titles overlapping EL33900 and EL33670, and all relevant reports were reviewed.

Previous exploration efforts relevant to the area of EL33900 and EL33670 involving investigations or collection of new data are summarised thereafter.

Work on many promising prospects ceased prematurely due to corporate restructuring by the major exploration/mining companies, or lack of funds in the junior sector particularly 2012-2015.