Virka Project, Sweden
Basin Energy Limited (ASX: BSN) has announced highly encouraging uranium assay results from reconnaissance sampling at its North Sweden Projects, comprising Björkberget, Rävaberget, and Trollberget. Multiple surface rock chip samples returned high-grade uranium mineralisation, with two samples exceeding detection limits at >2.95% U₃O₈. In addition, significant concentrations of lead (up to 1.85% Pb), iron (up to 23% Fe), and rare earth elements...."
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.