News
RNS Announcements
Tanzania Uranium Exploration Update
05 June 2007
Highlights
- 4,000 metre drilling programme started at the Mtonya Project in Tanzania where uranium grades of up to 2.7% U3O8 from channel samples were encountered in surface trenches last season
- Detailed helicopter radiometric survey has identified numerous further anomalies
- Reconnaissance mapping and sampling at the Ruhuhu Project has identified areas for further detailed exploration
- Prospecting licences previously under application have been granted over 6,498 square kilometres in the south_selous area, south of the Mtonya project
Drilling Commences
Following the end of the wet season and construction of 12 kilometres of drill access tracks, reverse circulation ('RC') drilling has commenced on the Mtonya project in southern Tanzania. A total of 4,000 metres of drilling is planned for June on several areas of uranium anomalism, including the Henri prospect, which has yielded uranium grades of up to 2.7% U3O8 from channel samples in surface trenches. It is anticipated that first assay results from the drilling programme, conducted at international laboratories, will be received in early August, dependent on transportation of samples and laboratory schedules.
Helicopter Radiometric Survey Completed
A high resolution helicopter radiometric survey has been completed over the most prospective areas of the Mtonya project. The survey comprised 5,150 line kilometres of data collection on 250 metre spaced flight lines.
Preliminary interpretation of raw data is encouraging with identification of more than 15 anomalies of interest that warrant further detailed exploration. Field parties will commence accessing the anomalies from June onward to conduct geological data collection and sampling.
Helicopter Supported Reconnaissance Completed
A field party was deployed via helicopter during April and May to conduct preliminary reconnaissance on anomalies identified from historic broad spaced airborne radiometric surveys. This work involved ground checking of selected anomalies, ground radiometric surveys, geological observation and sampling.
The results of the reconnaissance are encouraging, with several anomalous areas identified. These will require further detailed exploration during the second half of 2007 including drilling and detailed airborne radiometric surveys. Assay results of samples and details of sites visited will be released when the assays are received.
Prospecting Licences Granted
Two Prospecting Licences, previously announced as applications, have been granted as PLR4432/2007 and PLR4476/2007. These licences cover 6,498 square kilometres in southern Tanzania, predominantly over areas of Karoo Basin, sediments, the host sediments of the Company's Mtonya Project as well as Paladin's Kayelekera Operation 300km to the west in Malawi.
For a map of the new licences please view the announcement of the Company's joint venture partner, Western Metals Limited (ASX:WMT) at www.westernmetals.com.au.
Preliminary reconnaissance work will be conducted on these areas during the remainder of 2007.
General
Uranium Resources is entering a very exciting phase of exploration in Tanzania. The Tanzanian office has now been established with the Country Manager, Senior Exploration Geologist, two Junior Geologists, Field Supervisor and Administration Manager in place. The Tanzanian team will be supported by the Australian based geology team of the Joint Venture manager, Western Metals.
Additionally exploration equipment has been purchased including downhole geophysical survey tools, surface geophysical survey instruments and safety and communications equipment. The Company with is Joint Venture partner Western Metals is now implementing operating procedures to ensure work practices are conducted with the highest regard for safety and environmental management.
The Joint Venture is now positioned to progress its exploration activities aggressively over the remainder of 2007 and beyond.
For further information please visit www.uraniumresources.co.uk or contact:
| Ross Warner | Uranium Resources plc | Tel 07760 487 769 |
| James Pratt | Uranium Resources plc | Tel 07747 832 043 |
| Hugh Warner | Uranium Resources plc | Tel +61 413 621 652 |
| Hugh Oram | Nabarro Wells & Co. Limited | Tel 020 7710 7400 |
| Hugo de Salis | St Brides Media & Finance Ltd | Tel 020 7242 4477 |
| Felicity Edwards | St Brides Media & Finance Ltd | Tel 020 7242 4477 |