Palace Resources Online :: Lake Teague Project

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Lake Teague Project

The Lake Teague Project is located 130km northeast of Wiluna in Western Australia. On grant, Palace will be entitled to 100% of the uranium mineral rights only.

The Lake Teague tenement is considered prospective for calcrete-hosted carnotite-bearing uranium mineralisation. Calrete-hosted deposits are near surface accumulations of uranium in sediment or soils that have been cemented by carbonate. Generally in Western Australia, calcrete-hosted deposits occur in valley-fill material associated with Recent palaeochannels and salt lake sediments. Deposits of this style in Western Australia are characterised by very large tonnages and low to moderate grades, with notable examples including Lake Maitland and Yeelirrie.

Within the project area, two large anomalies, totalling over 7km in length have been identified. These targets are hosted within the same palaeochannel system that contains the Esso anomaly further downstream, and requires immediate investigation. A number of other targets associated with other palaeodrainage systems have also been identified in the central and southern portion of the Lake Teague Project area.

A comprehensive exploration budget has been prepared by Palace to conduct exploration for uranium mineralisation at the Lake Teague Project. Exploration will include further data compilation and target generation, followed by geological mapping and prospecting prior to detailed drill testing along the paleochannel system.