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First Analytical Results for N?rke
First Analytical Results for N?rke.
About this update from Uru Metals Limited
[{"type":"text","content":"\n \nRNS Number : 4850P URU Metals Limited 02 October 2013 \n \n\n2nd October, 2013\n \nURU Metals Limited\n(\"URU\" or \"the Company\")\n \nFirst Analytical Results from Närke Uranium-Oil Project and \nAppoints SGS Lakefield\n \nThe Director's of URU Metals Limited, (AIM:URU), the base metals and uranium explorer and development Company, are pleased to announce the first analytical results of Source Rock Analysis/Rock Eval Pyrolysis Tests, Fischer Assay tests, and metals geochemistry from the Närke Oil-Uranium Project, located in Central Sweden. \n \nHighlights\n \n· Exceptionally high total organic content in the samples in the form of kerogen, ranging from 16.6 - 21.1 wt% TOC\n· Confirmed that the form of kerogen is Type II, favorable for oil extraction\n· Between 66.2 and 106.9 mg of hydrocarbons per gram of rock was extracted from cracking of kerogen, at a relatively low Tmax average temperature of around 420°C.\n· The samples from the K1 pit area returned the best S2 results, averaging 93.52 mg of hydrocarbons extracted per gram of rock.\n \nCommenting upon the results, URU CEO Roger Lemaitre said, \"URU is pleased with the first phase analytical results from our first samples collected at the Närke Project. The hydrocarbon testing indicates that we may be able to extract much more oil than we previously thought possible, and suggests that the potential exists to produce gas hydrocarbons as well.\n \n\"Although we are still at an early stage of our exploration, initial results indicate that the Närke Project is likely to become an oil project with uranium as a by-product. We are looking forward to the results of our Preliminary Metallurgical Test program which will provide us with more clarity on whether the fundamentals of the project and whether it is economically viable.\"\n \nNine rock samples were collected from three abandoned small open pit quarries, two of which were located on the Kvarntorp #5 exploration license, and one from the Latorp #1 license. One blank sample was inserted into the batch for quality control/quality assurance purposes. The Kvarntorp pits were excavated as part of the oil shale mining project conducted by the Swedish government fr...