Lincoln uncovers uranium at Eridani

The Eridani project in South Australia has delivered uranium mineralisation from rock chip sampling.

An initial ground reconnaissance sampling program conducted by Lincoln Minerals saw results such as 423 parts per million (ppm), 274ppm and 278ppm uranium uncovered in three separate samples.

The results follow on from elevated portable X-ray fluorescence (pXRF) readings discovered in September.

Notable pXRF results included hits of 9250 parts per million (ppm) uranium at MQ12, 6219ppm uranium at UMQ11 and 6890ppm uranium at UMQ10.

Lincoln is carrying out an initial assessment of Eridani to determine the geological setting, mineralisation potential, and to confirm historical accounts of carnotite mineralisation.

The company believes the most recent results demonstrate that uranium mineralisation appears to be more concentrated in the talc-bearing units compared to other rock types present at the project.

“This observation will refine the exploration model, aiding efforts to trace the source of the carnotite mineralisation and guiding future sampling and reconnaissance in the coming months,” Lincoln said.

Lincoln plans to commence further reconnaissance work in December, focusing on sampling along the length of identified fault structures particularly where fault lines intersect or show signs of alteration, where hotspots of uranium mineralisation could be discovered.

The Eridani project is located around an abandoned quarry shut down by the South Australian Government in 1944 due to high surface radioactivity.

Lincoln is exploring Eridani alongside its Yallunda uranium project in South Australia, where the company is investigating a 7km-long uranium anomaly.