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Project: | Salamanca | |
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Deposit: | Zona 7 | |
Location: | Spain | |
Commodities: | Uranium | |
Date: | 9/5/2016 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Mine Development | |
Report details: | 5-9-2016: Berkeley Energia Ltd. announces an Exploration/Drilling Update report for its Zona 7 deposit at the Salamanca project. Drilling results incl. 26m @ 1103ppm U3O8 from 43m. Additional high grade intersections have been recorded below the Zona 7 de | |
Resources: | (not mentioned in this report) | |
CP/QP: | [Overall Report]: Malcolm Titley (Maja Mining Ltd.) | |
ABSTRACT: | Additional high grade intersections have been recorded below the Zona 7 deposit, further supporting previous indications of continuity of mineralisation beneath the current defined resource. Results from a further four holes drilled through the near-surface Zona 7 deposit and extended to a maximum depth of 271 metres have reported grades consistent with, or higher than, the average grade of the Zona 7 resource. The drilling at Zona 7 is part of the ongoing exploration programme across numerous key targets at the Salamanca project. The drilling beneath Zona 7 complements three holes drilled earlier this year in which broad, high grade intersections were reported at up to 14 metres @ 4,481 ppm U3O8 (please refer to announcement on 27 January 2016). A total of 83 reverse circulation (‘RC’) drill holes for 5,900 metres have been completed to date as part of a programme which was designed primarily to test for mineralization beneath and to the southern extension of Zona 7 as well as to test a number of targets located within a ten kilometre radius of the planned Retortillo plant. The majority of holes drilled were spaced 50 metres apart along each section, with 400 metres spacing between sections. Analytical data has been received from four of the completed holes and the results are presented herein, with the remaining results to be released when received. A further eight holes will be completed in the coming two months, all targeting mineralisation below the Zona 7 deposit, and will be reported once assays have been received. The drilling programme is part of a strategy aimed at maintaining annual production at the Salamanca Project at over 4 million pounds a year on an ongoing basis, achieved by converting some of the 29.6 million pounds of existing Inferred resources into the mine schedule, as well as extending the resource at Zona 7, and making new discoveries in the region. | |
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