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Monday, 25th July 2005 (4310 views)

Arafura Resources has announced that it has begun exploration on the border between the Northern Territory and Queensland.<br/><br/>The mining company hopes to find gold and uranium in the little-explored region of Australia and has started mapping the area by plane.<br/><br/>The firm claims that, if the aerial surveys come back positive, exploratory drilling could begin as soon as Christmas this year, according to ABC News.<br/><br/>Managing director Alistair Stephens said: "In the last 20 years the ground's basically sat unworked and unexplored so what work we're doing now is significantly different to what was done previously. It's a lot more advanced and modern techniques of exploration being applied to it with a lot higher resolution."<br/><br/>Two other Western Australian companies, Deep Yellow and Bullion Minerals are also reportedly exploring territory in the region.<img alt="track" src="http://feeds.directnews.org.uk/feedtrack/dn.gif?feedid=196&itemid=14013794"/>

 

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