UXA Starts Sloane Hill Drilling
Uranium Exploration Australia Limited has commenced a two-staged, 3,450 metre drilling program within its uranium prospects in South Australia. A diamond drill rig has been contracted and will be mobilised to site next week.
UXA’s Executive Chairman, Neill Arthur, said: “The commencement of drilling marks a further step forward in the implementation of our exploration programme as outlined in UXA’s Prospectus in November 2005.
“The ground surveying program and prior airborne radiometric survey directly led to the identification of drill targets on ten uranium prospects. We are particularly excited about the seven prospects which are considered shallow targets, estimated between 50-350 metres depth.
“These targets feature as the major focus for the current drilling program, budgeted to cost approximately A$520,000.”
Drilling will start at the Sloanes Hill prospect located on UXA’s Prominent Hill South EL 3429. The company expects that the first drill hole will take approximately two weeks to reach planned depth, subject to weather and drilling conditions.
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The Sloanes Hill prospect is one of seven UXA prospects located within the same ‘mineralised corridor’ that hosts major resource discoveries such as BHP Billiton’s Olympic Dam, Oxiana’s Prominent Hill, and Teck/Cominco-RMG Services’ recently discovered Carrapateena project. UXA holds title to approximately 14% of the 30,000 square kilometre area located within the Gawler Craton region.
UXA has approved a comprehensive drilling program following significant progress and good results from recent field surveys on UXA’s South Australian prospects. The commencement of the first stage drilling program at Sloanes Hill followed completion of Native Title agreements and heritage clearances with the relevant Native Title groups.
The second stage will comprise a Reverse Circulation (RC) drilling programme of 20 to 30 holes that will initially focus on Sloanes Hill before testing a number of other nearby prospects.
- 13 Apr 2006
Diese Bohrungen basieren auf den Explorationsergebnissen v. November 2005 in denen
enorme Mengen v. Uran vermutet werden und zwar in 10 Bereichen. Nächste Woche wird der 1. Bohrturm in Position gebracht und in etwa 3 bis 4 Wochen werden erste Bohrergebnisse (EL3429/in Sloans Hill = 1. von 7)der 1. Bohrung (v. ca. 10) in einer Tiefe zw. 50 & 350m erwartet (1 Wo. bis Bohrturm installiert ist + etwa 2Wo., je nach Wetterlage und Bohrbedingungen.)
Bitte meine Vorstellung des Unternehmens (s.o.) durchlesen und dann wie ich
auf explosionsartig steigende Kurse warten.
Uranium Exploration Australia Limited has commenced a two-staged, 3,450 metre drilling program within its uranium prospects in South Australia. A diamond drill rig has been contracted and will be mobilised to site next week.
UXA’s Executive Chairman, Neill Arthur, said: “The commencement of drilling marks a further step forward in the implementation of our exploration programme as outlined in UXA’s Prospectus in November 2005.
“The ground surveying program and prior airborne radiometric survey directly led to the identification of drill targets on ten uranium prospects. We are particularly excited about the seven prospects which are considered shallow targets, estimated between 50-350 metres depth.
“These targets feature as the major focus for the current drilling program, budgeted to cost approximately A$520,000.”
Drilling will start at the Sloanes Hill prospect located on UXA’s Prominent Hill South EL 3429. The company expects that the first drill hole will take approximately two weeks to reach planned depth, subject to weather and drilling conditions.
Text zur Anzeige gekürzt. Gesamtes Posting anzeigen...
The Sloanes Hill prospect is one of seven UXA prospects located within the same ‘mineralised corridor’ that hosts major resource discoveries such as BHP Billiton’s Olympic Dam, Oxiana’s Prominent Hill, and Teck/Cominco-RMG Services’ recently discovered Carrapateena project. UXA holds title to approximately 14% of the 30,000 square kilometre area located within the Gawler Craton region.
UXA has approved a comprehensive drilling program following significant progress and good results from recent field surveys on UXA’s South Australian prospects. The commencement of the first stage drilling program at Sloanes Hill followed completion of Native Title agreements and heritage clearances with the relevant Native Title groups.
The second stage will comprise a Reverse Circulation (RC) drilling programme of 20 to 30 holes that will initially focus on Sloanes Hill before testing a number of other nearby prospects.
- 13 Apr 2006
Diese Bohrungen basieren auf den Explorationsergebnissen v. November 2005 in denen
enorme Mengen v. Uran vermutet werden und zwar in 10 Bereichen. Nächste Woche wird der 1. Bohrturm in Position gebracht und in etwa 3 bis 4 Wochen werden erste Bohrergebnisse (EL3429/in Sloans Hill = 1. von 7)der 1. Bohrung (v. ca. 10) in einer Tiefe zw. 50 & 350m erwartet (1 Wo. bis Bohrturm installiert ist + etwa 2Wo., je nach Wetterlage und Bohrbedingungen.)
Bitte meine Vorstellung des Unternehmens (s.o.) durchlesen und dann wie ich
auf explosionsartig steigende Kurse warten.
