West Australian Metals reported that the Exclusive Exploration Licence covering the Marenica Uranium Project in Namibia, has been renewed for two years from November 2008 by the Ministry of Mines and Energy.
West Australian Metals reported encouraging initial results from drilling at the key Phillipus Exploration Target, the
first regional exploration target to be tested for primary uranium mineralisation at its 80%-owned Marenica Uranium project in Namibia, Southern Africa. Highlights include hole MAR1601 intersecting 16.2 meters grading 169ppm eO3O8 from 8.2 meters.
West Australian Metals Limited has provided further update on the progress of the resource in-fill and extension drilling campaign at its 80%-owned Marenica Uranium Project in Namibia, Southern Africa. Results have now been received from a further 154 drill holes. Drilling is continuing to return grades and widths within expectations, with recent probe results from in-fill drilling including 12.7m @ 216ppm eU3O8 from 0.96m in MAR1136; 3.6m @ 263ppm eU3O8 from 1.30m in MAR1149; 9.2m @ 138ppm eU3O8 from 0.93m in MAR1183. Also, down-hole geophysical probe is continuing to provide data from approximately 750 historical drill holes at Marenica, highlights include 11.7m @ 399ppm eU3O8 from 3.35m in M1837 and 7.2m @ 206ppm eU3O8 from 13.35m in SP2440. Once all the results have been received and collated, the Marenica resource will be re-calculated by SRK Consulting.
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