With the amalgamation of Councils - Nanango Shire/Councilors will be involved with uranium exploration and possible mining near Durong.
• An opportunity to explore for uranium mineralised in concealed Tertiary channels draining ‘hot granites’ in the Croydon and Durong districts.
The latest increase in the uranium price continues to provide both impetus and confidence to the expansion of DYL’s exploration programs.
Durong Project
DYL (90%) and SRL (10%) applied for five EPMs over an area of 1,550 km2 in the Kingaroy – Chinchilla district South East Queensland. The four granted EPMs and one application cover approximately 50 km strike of a southwest trending palaeochannel. The ‘headwaters’ of the palaeochannel comprise the outcropping Boondooma Granite which has a reasonably high uranium content as indicated by the airborne radiometric survey data.
The Durong Project is a greenfields conceptual target where the granite is seen as a potential source of uranium for the development of sandstone/roll front style uranium deposits in the organic rich Tertiary stream channels. As part of the acquisition of SUPL ownership of SRL’s 10% interest in Durong Project will revert to DYL.
DYL plans to fly an airborne electromagnetic survey over the tenements in early 2007 in order to delineate the potential sites for uranium deposition within the buried palaeochannel. Full Document (1.3mb pdf)
Nuclear Power Stations - Where will they go?
10 Reasons to oppose uranium mining Pt1 & Pt2