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MADABA-MKUJU JV

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MADABA-MKUJU JV
Classification: Active/Verified
Status: Exploration
Type of Work: Surface
Location: Tanzania
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Property News

April 24, 2007
A two-stage, success-contingent, work program is planned, consisting of data compilation, airborne geophysics, ground geophysics, geological mapping, pitting, and drilling. Work by Uranerz in 1981 consisted of 264 metres of diamond core drilling and 2,953 metres of rotary percussion drilling in a total of 28 vertical holes. The drilling was completed over an area of 10km by 30km. Drill holes depth ranged from 41 metres to 237 metres. Fifteen of the 28 drill holes reached the mineralised horizon with Primary uranium-bearing horizons at Selous traced over a 300km2 area, with the closest drill hole spacings ranging from 0.5 to 3km apart. Mineralised thicknesses range from 0.7 to 12 metres, below the present water table. The best mineralisation was encountered in Hole 8 and graded 0.056% eU3O8* across 9.1 metres.
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