22nd May 2008 14:36
Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration
22 May 2008
Uranium Resources plc ("Uranium Resources" or "the Company")
Activity Report Released By JV Partner Western Metals Ltd
Uranium Resources plc, the AIM quoted uranium exploration and development company operating in Southern Africa, is pleased to provide an update released by its joint venture partner, Western Metals Ltd ('WMT'), announcing the re-commencement of RC-Drilling at Uranium Resources' southern Tanzanian Uranium projects and the commencement of a high-resolution airborne radiometric survey.
A copy of WMT's announcement along with a regional tenement plan will be available on Uranium Resources website. www.uraniumresources.co.uk
"Western Metals (ASX:WMT) is pleased to announce that RC drilling has re-commenced at its Uranium Projects in Southern Tanzania. We are also pleased to announce the commencement of a high-resolution airborne radiometric survey over parts of the Ruvuma Project area.
"An aggressive regional and prospect specific exploration effort consisting of airborne and ground geophysics, geological mapping, geochemical sampling, costeaning and RC drilling is planned for 2008. The 2008 programme will continue to build on the successes of the 2007 exploration effort, focusing on evaluation of existing targets and will also aim to generate new targets that will feed the project "pipeline" and will deliver drill targets for 2009.
"Mtonya Project Area - The focus of exploration during 2008 will be RC evaluation of prospects along the Mtonya corridor and in particular the Grandfather, Rufus, Para extensions and Mad Fish. Initial estimates are for approximately 8,500metres of RC drilling.
"RC drilling will initially be aimed at evaluating the Grandfather prospect where previous trenching of airborne ground radiometric surveys and surface grab sampling (4.64% U3O8, 0.02% U3O8) returned significant results from a series of 5 trenches excavated over a strike of 1.4 kilometres. Visual uranium mineralisation was identified in several trenches with:
T25 giving a peak interval of 1.2 metres at 7,723ppm U3O8, including 0.4 metres at 2.13% U3O8;
T27 giving a peak interval of 4,773 ppm U3O8 and 1.2 metres at 2,393ppm U3O8; and
T28 giving a peak interval of 1.2 metres at 746ppm U3O8.
RC Drilling will also continue to extend, infill and test areas of known Uranium mineralisation at the Henri, Para, Rufus and Moysten Prospects.
"Ruhuhu Project Area - The focus of exploration during 2008 will be evaluation of regional potential and RC drilling of existing prospects in particular the Pedro and Ngaka anomalies. This will include 1,000metres of RC drilling to drill test the Pedro and Ngaka anomalies. Work will include helicopter supported reconnaissance, geological mapping, costeaning, ground geochemical, geophysical surveys, RC drilling and rehabilitation.
"Ruvuma Project Area - The focus of exploration during 2008 will be regional reconnaissance with a view to defining targets for follow-up in 2009 as well as a ground geophysical work, sampling and RC drilling campaigns to evaluate the recently defined Foxy and Eland prospects. This will include 3,000metres of drilling. Work will include a helicopter supported reconnaissance, an airborne radiometric survey, geological mapping, costeaning, ground geochemical, geophysical surveys, RC drilling and rehabilitation."
**ENDS**
For further information please visit www.uraniumresources.co.uk or contact:
|
James Pratt |
Uranium Resources plc |
Tel: 07747 832 043 |
|
Ross Warner |
Uranium Resources plc |
Tel: 07760 487 769 |
|
Hugh Warner |
Uranium Resources plc |
Tel: +33 643 916 003 |
|
Hugh Oram |
Nabarro Wells & Co. Limited |
Tel: 020 7634 4705 |
|
Hugo de Salis |
St Brides Media & Finance Ltd |
Tel: 020 7236 1177 |
|
Felicity Edwards |
St Brides Media & Finance Ltd |
Tel: 020 7236 1177 |
Notes to editors
Uranium Resources plc is an AIM listed uranium exploration and development company focused in Southern Africa. The Company has primarily concentrated on expanding and developing its portfolio of uranium licences in the highly prospective Karoo Basin in Southern Tanzania where it currently has a land package in excess of 13,500 sq km.
Related Shares:
Uranium Resources Plc