Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

2011 Exploration Update

3rd Jun 2011 07:00

RNS Number : 7946H
Uranium Resources PLC
03 June 2011
 



Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration

3 June 2011

Uranium Resources plc ('Uranium Resources') or ('the Company')

2011 Exploration Update

 

Uranium Resources plc, the AIM listed uranium exploration company, is pleased to announce that it has commenced its 2011 drilling programme at its flagship Mtonya project in southern Tanzania.

 

The discovery-focussed drilling programme for Mtonya has been designed after extensive analysis of the results from the 2010 campaign and will cover areas with known surface mineralisation, as well as testing the areas with strong blind mineralisation potential.

 

The Mtonya programme will comprise 21 holes for a total of 6,850m ranging in depth between 300m and 350m and covering an area 2km by 4km. This programme will target the most favourable strata for roll front mineralisation identified in the course of the 2010 drilling, with its objective being to:

 

1. intercept the mineralised roll-front and determine the extent and tenor of uraniferous mineralisation; and

2. test the mineralised beds along strike and establish the geometry of mineralisation.

 

**ENDS**

For further information please visit www.uraniumresources.co.uk or contact:

 

Alex Gostevskikh

Uranium Resources plc

Tel: +255 (0) 752 968 062

Ross Warner

Uranium Resources plc

Tel: +44 (0) 7760 487769

Anthony Rowland

Ambrian Partners Ltd (Nomad)

Tel: +44 (0) 20 7634 4700

Ben Wright

Ambrian Partners Ltd (Nomad)

Tel: +44 (0) 20 7634 4700

Jeremy King

Optiva Securities Ltd

Tel +44 (0)20 3137 1904

Jason Robertson

Optiva Securities Ltd

Tel +44 (0)20 3137 1906

Hugo de Salis

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Felicity Edwards

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

About Uranium Resources

Uranium Resources plc is an AIM listed exploration and development company. It is the Company's strategy to advance its existing assets and strengthen its portfolio via opportunistic acquisition. Uranium Resources has uranium licences in the highly prospective Karoo Basin in Southern Tanzania.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLFTMFTMBAMBIB

Related Shares:

Uranium Resources Plc
FTSE 100 Latest
Value8,275.66
Change0.00