Callabonna Uranium (ASX: CUU) is all set to begin drilling at the Five Mile Creek prospect to follow up on a Mobile Metal Ion survey which identified a large uranium anomaly.Will all necessary permits received, drilling at Five Mile Creek is expected to begin in early April 2012. The drilling contract have been awarded to Adelaide-based Underdale Drilling.
No previous exploration holes contain been drilled in the area or nearby.A total of 22 drill holes are planned over the difference which is 4,000 metres long and up to 1,000 metres wide.Drilling will test the mineralisation to conclude whether it contains ore grade uranium at a mineable thickness.
With nearby granite outcrops containing secondary uranium, proving the being there of a local uranium source, Callabonna is hopeful of finding near surface concentration.The Arunta Mt Denison project, which includes Five Mile Creek, is situated 250 kilometres northwest of Alice Springs in the Northern Territory.
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