Emu Point

Emu Point project is located approximately 300km ESE of Kalgoorlie in the Western Eucla Basin, WA and covers an area of 860km2. The company progressed grant of the project during the reporting period with successful negotiations with local station owners allowing for the tenements to be granted during the coming reporting period.

 

Emu Point DTM

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At Emu Point, the Ponton Creek system drains a vast area of the Yilgarn block including the Ballard-Marmion-Rebecca Lake systems and the Noondine-Raeside lake systems. All waters from these systems terminate at the playa south of Lake Boonderoo within the Emu Point Tenements, where potentially huge amounts of uranium have been deposited.

 

Previous explorers reported consistently high gamma logs ranging between 200 and 1,500cps combined with encouraging uranium analyses ranging from 120ppm to 300ppm U3O8 from drilling programs over wide spaced drill holes along an extensive strike length of approximately 10km by 4km within Epsilon’s ELAs at Emu Point.

 

A drilling campaign is being organised in anticipation of grant which will be a combination of regional work to assess the size of the province and detailed work around the known high values to close off the known mineralisation.