Business
Niger Exploration Drilling Co
Niger Exploration Drilling Co.
About this update from Uru Metals Limited
[{"type":"text","content":"\n RNS Number : 4672U Niger Uranium Limited 15 October 2010 \n \n\n \n \n \n \nFor immediate release \n15 October 2010\n \nNiger Uranium Limited\n \n(\"Niger Uranium\", \"NUL\" or the \"Company\")\n \n2010 Exploration Drilling Campaign commences on Niger Licenses\n \nNiger Uranium Limited (AIM: URU), the metals exploration and development company with uranium interests in Niger, Namibia and South America, and nickel interests in Southern Africa, announces the commencement of its 2010 exploration drilling campaign on the Company's wholly-owned In Gall and Irhazer uranium licenses in Niger.\n \nHighlights\n \n· An exploration programme to evaluate three previously identified uranium targets (at an estimated cost of US$650,000) commences on 15 October 2010\n· A combination of tricone and diamond drilling will initially focus on the Aboye target, located in the north-eastern portion of the In Gall license area. Five tricone boreholes are to be drilled, totalling approximately 1,250 linear metres. Drilling is to commence on 15 October 2010\n· Objectives at Aboye are to delineate a 3km2 zone that could contain a uranium mineralisation trap and to examine the intersection (6m@127ppm U3O8) of the borehole AB003 drilled in 2007\n· The second drill target is at Akenzigui in the south-eastern portion of the Irhazer license. The drilling of more than 2,000 metres is expected to commence on 15 November 2010\n· Geological faulting and doming at the Akenzigui target resembles that of the Azelik Mine, situated 40 km north, where an international consortium led by China Nuclear International Uranium Corporation and the Niger Government is developing a deposit of approxima...