The 10-20km long, 500m wide paleo-channel identified at the Bennett Well South prospect was found to have consistent depth, width and potentially significant length.
About 3-4km of high grade uranium bearing sediments with 2.5-3m thickness were discovered in the channel.
Cauldron Energy operations head Simon Youds stated that the extent of the uranium mineralisation extrapolated from these drill holes point to a uranium mineralisation envelope containing more uranium than initially established to be at Bennett Well and more recently outlined at Bennett Well East.
"The dimensions of the channel could extend as far as 10km-20km in a north-south direction and excitingly the potential for further extensions of high grade uranium mineralisation with at least 3-4km of suitable sediments now believed to have the correct redox environment is a strong possibility given the drilling success at the Bennett Well prospects in the current drill program," Youds added.
