Extract advances Husab project
I-Net Bridge | Wed, 18 Nov 2009 16:32[miningmx.com] -- Extract Resources, the uranium exploration and development company with projects in Namibia, said exploration results at the granite-hosted uranium system at Rossing South further substantiated the significance of its Husab Uranium Project. The company said chemical assay results confirmed the continuity of uranium mineralisation at Rossing South, as the infill drilling moved the Inferred Resource closer to 'Measured' and 'Indicated' status. "The return of consistent zones of high-grade, granite-hosted uranium mineralisation from Rossing South continues to confirm the global significance of this massive mineralised system," the company said in a statement. A programme of radon emanometry using a proprietary technique (RadonX) to further quantify the potential of this project is expected to be completed over the next two months. RadonX has been shown to be effective in the Rossing South environment and should accelerate exploration progress. The company said the results would be assessed in the New Year with additional rigs sourced to test the new targets. Extract Resources is also continuing to progress the Rossing South feasibility study, which is due to be completed in mid-2010. "Exceptional chemical assay results reinforce the view that Rossing South is one of the most significant uranium discoveries ever made," said Extract Resources chairman Steve Galloway. "The company remains committed to defining the full potential of Rossing South with extensions to known resources being defined, along with exciting new discoveries," Galloway said.
USER COMMENTS () Click to View
COMMENT
SHARE
E-MAIL
PRINT
Most Read
Commented
Ed's Choice
- »Imperial Crown Trading vies for part of Sishen
by Allan Seccombe | 18 Mar 2010 16:44 - »Kumba's play for Sishen hits a hurdle
by Allan Seccombe | 17 Mar 2010 16:39 - »ANC tentacles in Sishen mineral rights
by Jan de Lange | 18 Mar 2010 08:59 - »Eskom facing court on BHP Billiton deal
by Jan de Lange | 17 Mar 2010 20:58 - »Pallinghurst maps aggressive growth plans
by Allan Seccombe | 17 Mar 2010 15:27
- » Pallinghurst maps aggressive growth plans
by Allan Seccombe | 17 Mar 2010 15:27 - » ANC tentacles in Sishen mineral rights
by Jan de Lange | 18 Mar 2010 08:59 - » First Uranium shake up marks fund raising
by Allan Seccombe | 12 Mar 2010 14:51 - » South Africa slips to 4 in gold rankings
by Allan Seccombe | 12 Mar 2010 13:03 - » JSE probes ArcelorMittal conduct
by Jan de Lange | 09 Mar 2010 11:20
- » ETF threat hangs over gold
by Allan Seccombe | 08 Mar 2010 18:01 - » Imperial Crown Trading vies for part of Sishen
by Allan Seccombe | 18 Mar 2010 16:44 - » South Africa slips to 4 in gold rankings
by Allan Seccombe | 12 Mar 2010 13:03 - » Kumba's play for Sishen hits a hurdle
by Allan Seccombe | 17 Mar 2010 16:39 - » Big enough is no longer good enough
by David McKay | 07 Mar 2010 10:04
More news from Energy
Multimedia
LATEST PODCAST | Pallinghurst steps up its game
| 18 Mar 2010 -
› More 
The MiningMX team delves deeper into the improved results of Gem Diamond and looks at Pallinghurst R ...
Listen ›
RADIO WRAP | More ›
›
First Uranium rescue plan good for Simmers too - Bernard Swanepoel |
›
Chamber's proposal gives an "almost bearable" alternative - Dick Kruger, CoM |
The MiningMX team delves deeper into the improved results of Gem Diamond and looks at Pallinghurst R ...
Listen ›
Podcasts
RSS Feeds
Jobs
Events
JSE Listed stocksReal time resources data.
FREE News Alert! Subscribe to our News Alert