Jane Morgan Management
High-Grade Zinc-Lead, Uranium, and Rare Earths Identified in Rock Chip Sampling
Basin Energy Limited (ASX: BSN) ("Basin" or "the Company") is pleased to report highly encouraging surface rock chip assay results from the Virka Project in northern Sweden. The initial reconnaissance program has returned high-grade base metals and uranium mineralisation, confirming the presence of a significant polymetallic system and supporting further exploration.
Key Highlights
- High-Grade Zinc-Lead-Silver-Copper Veins Identified:
- VRK016: 9.8% Zn, 8.55% Pb, 305 g/t Ag, 0.19% Cu
- VRK013: 8.98% Zn, 9.15% Pb, 425 g/t Ag, 0.34% Cu
- Uranium Mineralisation Discovered in Separate Outcrop:
- VRK012: 1.43% U₃O₈, 0.14% TREO
- VRK018: 0.27% U₃O₈ from a boulder field
- VRK009: 0.18% U₃O₈, 0.073% TREO from radiometric boulder
- Two Distinct Mineralisation Styles Identified:
- Pb-Zn +/- Cu-Ag-Au Veins
- U-Pb-TREO Mineralisation in Structural Zones
- Broad Untested Exploration Potential:
- Multiple unvisited structural zone targets across the project area.
- Sampling confirms regional north-northeast structures similar to Björkberget and Trollberget.
- Further Fieldwork Planned for Q2 2025:
- Detailed structural logging of historical drill core.
- Expanded mapping and sampling of high-priority mineralised zones.
Polymetallic Discovery Potential Strengthened
The Virka Project, located within Sweden's Radnejaur-Moskosel metallogenic district, hosts a geological setting highly prospective for zinc, lead, copper, uranium, and rare earth elements. Virka sits within 30km of major past-producing mines, including:
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).
