Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
Kalahari Minerals says that Extract Resources, in which it holds a 40.44% interest, has produced an exceptionally encouraging update highlighting the potential of its Husab Uranium Project.
Kalahari Chairman Mark Hohnen comments: "The exceptional assay results again underpin the breadth of Rossing South and confirm the global significance of this massive mineralised system.
The continuity being confirmed by the in-fill drilling at Zones 1 and 2 is advancing the resource to Measured and Indicated status which is obviously crucial for the bankable feasibility study.
"Importantly all zones of uranium mineralisation are still open at depth and along strike, in at least one direction, which reinforces our belief that the estimated resource figure of 500 million pounds U3O8 for the project is highly conservative.
"Additionally at the Salem prospect, located approximately 10km south of Rossing South Zone 2, every hole drilled intersected multiple zones of anomalous uranium mineralisation from shallow depths, which again highlights the huge potential of the ever expanding Husab Project."
Story provided by Business Financial Newswire
BAE Systems fell this morning after a late bid for the British army's next generation Scout armoured vehicle was launched.
Any delay in tackling the ballooning deficit risks undermining the country's cre...
© 2010 The IBTimes Company Ltd. All Rights Reserved.
Partners 
EMAIL
PRINT
RSS
SHARE
