3rd Jun 2011 07:00
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.
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