Gryphon Minerals (95%) holds the Hamilton River and Cat Creek Uranium Projects, prospective for channel style uranium mineralization in the Mount Isa District, Queensland.
The Projects secure 923km2 of tenure containing significant untested radiometric uranium anomalies. The Hamilton River Project secures in excess of 60km strike length of prospective channels while the Cat Creek Project contains a significant 200 square kilometre surfical uranium radiometric anomaly.
Any potential uranium enrichment within the project areas are expected in the near surface sediments and as such, exploration for and appraisal of uranium mineralisation is expected to be relatively low cost. The Cat Creek mineral licence was granted in 2007 and a first pass drilling program completed in 2008. Planning is under way for follow up work at Cat Creek and initial work on the Hamilton River tenements later in the year.
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Mt Isa Uranium Projects (