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.
