The Yeelirrie Uranium Project is located in the North Eastern Goldfields of Western Australia, some 650 kilometres to the northeast of Perth and is located largely within the Shire of Wiluna.

 

The project surrounds BHP's Yeelirrie uranium project, which is currenly in the final stages of its Feasibility Study and is proceeding through the approvals process in Western Australia.

 

Blaze's ongoing exploration review of the project area has produced a number of highly prospective targets for investigation in the next quarter.  The fielsd programme is scheduled to commence in May 2010 with a programme of reconnaissance, mapping and sampling.

 

LOCATION & ACCESS

The Company’s tenement areas lie mainly on the Yeelirrie pastoral lease (which is owned by BHP-Billiton) but also cover sections of the Kaluwiri & Nabbel pastoral leases, both of which are privately owned.

The project can be accessed in a number of ways, however the most direct route is by proceeding north from Kalgoorlie along the Goldfields Hwy and taking the turn off to Yeelirrie Station, near Mt Keith. Access through the project is via various regional access roads and station tracks.

TENEMENT INFORMATION

The Yeelirrie project is composed of 8 granted exploration licences and 1 exploration licence application. These leases cover more than 916 km2 within the ‘catchment’ of the Yeelirrie palaeochannel and surround BHP’s Yeelirrie uranium project. These leases are listed below:

Tenement No Status Grant Date Expiry Area (blks)
E 36/709 Application NA NA 44
E 53/1183 Granted 4-Aug-06 3-Aug-11 31
E 53/1187 Granted 24-Jul-07 23-Jul-12 70
E 53/1446 Granted 14-Jul-09 13-Jul-14 26
E 53/1452 Granted 21-Sep-09 20-Sep-14 4
E 53/1453 Granted 21-Sep-09 20-Sep-14 16
E 57/608 Granted 16-Dec-08 15-Dec-13 70
E 57/609 Granted 9-Dec-08 8-Dec-13 70
E 57/739 Granted 5-Oct-09 4-Oct-14 11
Totals 342

YEELIRRIE EXPLORATION PROGRAMME

Blaze intends to undertake a systematic programme of exploration across the project area, with the aim of:

•  Identifying areas of anomalous uranium mineralisation.
•  Identifying priority target areas for field exploration, particularly drilling.

An initial evaluation of BLZ’s exploration data has highlighted a number of areas for priority investigation including:

Palaeochannel Targets

BLZ is fortunate to have coverage of much of the area surrounding BHP’s tenure at Yeelirrie, however recently granted E 57/1446 & 1453 cover the actual palaeochannel near the top of the catchment area.

These two leases represent high priority exploration targets due to their potential to host covered, mineralised calcrete stratigraphy of a similar nature to BHP’s 12 Mile Bore deposit.

 Drainage Targets

A review of the exploration data indicates that radiometric values are elevated in a number of the more recent creek lines and drainages throughout the Yeelirrie catchment area, especially within E 57/1187 on the northern side of the Yeelirrie palaeochannel.

These targets need to be better defined through remote sensing imagery, to highlight further targets of this type.

Previous management of the Company planned and requested approval to conduct a shallow drilling programme on a number of tenements within Yeelirrie project, namely E 57/608, 609 & 1183. The target of this drilling programme were low-level radiometric anomalies located on the few granted tenements available to the Company.

The Yeelirrie project has changed considerably since that time, with most of the tenement package now granted. The current exploration review continues to delineate far higher priority targets than those found on the above mentioned tenements. The management of Blaze does not believe that it is an effective use of the Company’s resources to commit to the former drilling programme at this time or in the near future, and instead would prefer to complete its review of the project to allow all available targets to be assessed.

The exploration programme over the coming months will focus on defining areas for field checking and sampling, but should include:

• Compilation of all historical point and GIS data (In Progress)
  
•  Acquisition & interpretation of remote sensing data (In Progress)
• Field Reconnaissance (May 2010)
• Geochemical Drilling (as targets are delineated by field reconnaissance)

PROJECT GENERATION

Blaze is presently carrying out an active programme of project generation in both Australia and overseas to identify projects that will further enhance Blaze’s uranium exploration portfolio, with a particular emphasis on Western Australian calcrete-hosted uranium mineralisation.

CONCLUSION

The Yeelirrie project represents a significant opportunity to undertake exploration within a recognised and well mineralised uranium catchment. The BLZ leases cover highly prospective regolith and stratigraphy, which shows indications of significant uranium mineralisation and requires well planned and systematic exploration.