Business
Exploration Update
Exploration Update.
About this update from Uru Metals Limited
[{"type":"text","content":"\n RNS Number : 9857H Niger Uranium Limited 12 November 2008 \n \nFor immediate release 12 November 2008\n\nNiger Uranium Limited \n('Niger Uranium' or the 'Company')\nExploration Update\n\n\n\nLarge radon and geochemical survey commenced on the 100% owned Irhazer license area, Niger.\n\n\n\n\n\nThe exploration team is targeting an apparent repetition of the type of geological setting present at Azelik, to the west of the license area where a significant uranium resource is being developed.\n\n\n\n\n\nThe Company believes that radon detection coupled with conventional geochemistry and geological interpretation are the best means of detecting a potential 'buried' deposit, which may be obscured due to the presence of a cover of younger sediments in the area.\n\n\n\n\nNiger Uranium, the uranium focused exploration and investment company with assets in Niger, South Africa and Namibia, is pleased to announce that a 1600 point radon and geochemical survey has commenced on the company's highest priority targets within its 100 percent owned Irhazer license area in Niger. \n\n'Potential for a concealed deposit within the Assaouas Formation'\nAt the nearby Azelik deposit uranium is hosted by the Assaouas Formation along the flanks of a major domal structure occurring on the Azelik fault; the doming and the faulting are thought to have been vital for the extensive mineralisation. Niger Uranium has identified two areas within the Irhazer license which have the potential to host the same formations in a very similar domal setting and which may therefore also host economic concentrations of uranium mineralisatio...