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Energy Metals Ltd.
Summary
| Project: | Manyingee East | |
|---|---|---|
| Deposit: | Manyingee East | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 11/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-11-2016: Energy Metals Ltd. announces a Resource Estimation report for its Manyingee East deposit at the Manyingee East project. Initial resource estimate for the deposit. Energy Metals Limited (ASX: EME) is pleased to announce that a JORC-reported Mine | |
| Resources: | (Maiden Resource, Inf): 2.84Mt @ 455ppm U3O8 for 2.85Mlb U3O8 contained | |
| CP/QP: | [Resources]: Maxim Seredkin, Dmitry Pertel (CSA Global Pty Ltd.) | |
| ABSTRACT: | Energy Metals Limited (ASX: EME) is pleased to announce that a JORC-reported Mineral Resource estimate of 2.84Mt at an average grade of 455 ppm eU3O8 for 1,291 tonnes or 2.85Mlb U3O8 (at a grade- thickness cut-off of 250 m*ppm eU3O8) has been defined for the Manyingee East deposit (WA) within its 100% owned tenement E08/1480 (Figure 1). The Mineral Resource is based on JORC (2012) definitions and the reported resource is classified as Inferred. The Manyingee East deposit, located 85km south of Onslow, within the West Pilbara region (WA), is a roll-front style of uranium deposit hosted within two domains (North Wing and South Wing) on the margins of a buried, Cretaceous-age palaeochannel. The mineralisation is localised at the interface between oxidised and reduced sediments, and is mainly confined to three stratigraphic horizons at depths between 50 and 80 metres. The project area is located adjacent to, and immediately up-channel of Paladin Energy’s Manyingee deposit within a wide part of the main palaeochannel (Figure 1). The Mineral Resource estimate for the Manyingee East deposit was undertaken by consultants CSA Global Ltd (CSA) based on information supplied by Energy Metals from two EME drilling campaigns and from historical open-file company data pertaining to the area covered by E08/1480 and the immediate surrounds. The Mineral Resources have been classified and reported in accordance with JORC (2012) requirements. The resource classification is based on the assessed level of confidence in sample methods used, geological interpretation, drill spacing and geostatistical measures. | |
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