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Berkeley Energia Ltd.
Summary
| Project: | Salamanca | |
|---|---|---|
| Deposit: | Zona 7 | |
| Location: | Spain | |
| Commodities: | Uranium | |
| Date: | 3/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 17-3-2017: Berkeley Energia Ltd. announces an Exploration/Drilling Update report for its Zona 7 deposit at the Salamanca project. Drilling results incl. 12m @ 1003ppm U3O8 from 10m. Berkeley Energia announces additional high grade intersections below the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Malcolm Titley (Maja Mining Ltd.) | |
| ABSTRACT: | Berkeley Energia announces additional high grade intersections below the Zona 7 deposit at its 100% owned Salamanca mine in Western Spain. Results from the final holes drilled in the current programme through the near-surface Zona 7 deposit to a maximum depth of 271 metres have reported grades consistent with, or higher than, the average grade of the Zona 7 resource. This latest drilling supports the results from holes drilled over the past year in which high grade intersections up to 14 metres @ 4,481 ppm U3O8 were reported. These results further demonstrate continuity of mineralisation beneath the current defined resource and potential for it to increase. The Company will conduct additional drilling and resource estimation work at Zona 7 aimed at increasing the mineral resource estimate and unlocking further value in this exceptional deposit. Exploration activity will focus on discovering mineralisation similar to the Zona 7 deposit which is located close to surface and without a strong radiometric anomaly present. Drill targets will be identified using a combination of techniques including ionic leach, ground geochemistry, radon emission and detailed structural mapping. | |
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