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Results of Exploration Drilling on Niger Licenses
Results of Exploration Drilling on Niger Licenses.
About this update from Uru Metals Limited
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 3438B Niger Uranium Limited 16 February 2011 \n \n\nFor immediate release 16 February 2011 \n \n \nNiger Uranium Limited\n(\"Niger Uranium\", \"NUL\" or the \"Company\")\nResults of Phase One of the 2010/11 Exploration Drilling Campaign 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 successful completion of phase one of its 2010/11 exploration drilling campaign on the Company's wholly-owned In Gall and Irhazer uranium licenses in Niger.\n \nThe exploration programme, which was announced on 15 October 2010 and commenced on 20 October 2010, was carried out in order to evaluate three previously identified uranium targets, at Aboye, Akenzigui and Azouza respectively.\n \nHighlights\n \n· At Aboye, located in the north-eastern portion of the In Gall license area, eleven tricone boreholes \nwere drilled, totalling 2,931 linear metres. Significant uranium mineralisation was intersected. The next phase of drilling will further investigate the lateral extent of uranium mineralisation within the target geological formation.\n· Borehole AB0018 (17m @ 131pm eU3O8) intersected the target horizon 2,000 metres from \nborehole AB003, indicating a steady increase in the grade and thickness of the target horizon in a south-easterly direction. Follow up ground magnetic surveys and infill drilling will aim to identify a large scale laterally continuous uranium resource.\n· At Akenzigui, in the south-eastern portion of the Irhazer license, 14 tricone boreholes were \ncompleted, tot...