Palace Resources Online :: Marla Project

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Marla Project

The Marla Project lies approximately 400 kilometres northwest of Alice Springs in the Northern Territory. The tenement covers 6390 km2 of ground. Subject to the successful conclusion of the option arrangement between Newmont and Palace, Palace shall be entitled to 100% equity in the tenements.

The Marla Project area is situated within the Granites-Tanami Complex to the north and Aileron Province to the south. Both provinces consist of similar rock sequences and have comparable Palaeoproterozoic magmatic, metamorphic and deformational histories.

The northern part of the Marla Project is seen as prospective for structurally controlled uranium mineralisation associated within graphitic and pyritic members of the Lower Proterozoic Dead Bullock Formation and chloritic members of the Killi Kill beds which unconformably overlie the Dead Bullock Formation. Several high priority targets areas have been identified.

Palace is also targeting palaeochannel hosted uranium mineralisation in Recent sediments, derived from the weathering and remobilisation of older uraniferous lithologies.

Proposed exploration will be similar to that proposed at the company's Tanami Project, but will also consist of infill airborne detailed radiometrics and magnetics. This will complement the detailed airborne surveys that were completed by Newmont over their Highland Rocks and McLeod prospects. Any surface radiometric anomalies can be immediately investigated, whilst areas under cover along prospective structural or geological trends can also be identified and it is recommended that these be tested with ground based geophysics prior to initial shallow drilling when access is granted.