Virka Project, Sweden
Basin Energy Limited (ASX: BSN) has commenced exploration at the Virka Uranium Project in Sweden, part of its recently acquired Scandinavian portfolio. Initial work focuses on three high-priority areas identified from historical data, with ongoing mapping, reconnaissance sampling, and plans to re-log and potentially sample historic drill cores. Historic drilling from the 1980s at Virka showed significant mineralisation...."
Project Summary
The Virka project is strategically positioned in the heart of the Arjeplog-Arvidsjaur shear-hosted uranium district in Sweden, and approximately 37 km southeast of Boliden’s (STO:BOL) Laisvall Pb-Zn-Ag former mine.
Previous drilling activities conducted in the 1980’s across all licenses targeted uranium mineralisation, with diamond drillholes gamma probed and in rare occasions sampled for geochemical analysis. Additionally, historical regional geological mapping and boulder tracing records unveiled several surface anomalisms in lead, zinc, silver and gold associated with fault structures.