Extract Resources Ltd, a uranium exploration and development company with projects in Namibia, today announced updated exploration results from the massive Rossing South mineralised system, part of Extract's world-class Husab Uranium Project.
Highlights:
- Infill resource definition drilling continues to return high grade intercepts;
- All zones of uranium mineralisation still open at depth and along strike, in at least one direction;
- 13 drill rigs operating on site, with additional rigs due on site in the next 4 to 6 weeks to accelerate exploration and resource definition efforts;
- Encouraging results from the RadonX survey programme.
The latest round of chemical assay results continues to set Rossing South apart as a truly impressive uranium project.
Extract Resources Chairman, Mr. Steve Galloway, said: "We are pleased that we continue to return results with positive surprises at Rossing South - the quality of the original discovery continues to be confirmed, and if anything, gets better.
We are conscious of the need to expand our regional exploration programme. Rossing South as defined for our feasibility study represents just fraction of the prospective area. The RadonX survey results give us a useful indicator of where we should focus future exploration drilling, and the company is committed to this work.
He added "With the feasibility study on-going and enough cash to fund a new exploration programme - the company is well positioned to add substantial resources to our existing inventory over the next six months and beyond."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment