Nimrodel Resources Limited (ASX: NMR)
Signs Seismic Data Sharing Agreement
Nimrodel ("NMR")is pleased to announce that a Cooperation Agreement has recently been signed to facilitate the sharing of Seismic and Geophysical Data on the Company's Batken Uranium Leases with CJSC South Petroleum Company ("SPC"), a Kyrgyz Company which has recently completed an extensive seismic exploration program in South-Western Kyrgyz.
The data sharing will be of mutual benefit and will assist NMR in targeting structural trap sites for potential Palaeogene uranium mineralization. In particular it will be utilized to expand the exploration around the existing uranium prospect at Oilma on the Company's Batken leases. There is a well documented and close relationship between oil occurrences and uranium deposits throughout the Fergana Valley region of southern Kyrgyzstan.
The sharing of this data at no cost to NMR is of great benefit in developing the on-going exploration strategy for the Company's Batken leases in South- Western Kyrgyz.
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Enquiries:
John Hebenton, Managing Director
Mobile: +61 (0) 418 962 879
Email: johnh@nimrodel.com.au
About Nimrodel
Nimrodel Resources is an international exploration company which is developing a portfolio of highly prospective, uranium, precious and base metals projects in Kyrgyz and Australia. The Company has three core projects: the Batken Province and Tyuz-Ashuiskaya Projects in Kyrgyzstan and the Buckaroo Project in Australia.
The Batken Oblast Project covers 1,946 km� and encompasses a highly prospective area with geology similar to that of the Mailuu-Suu Uranium Mine, which historically produced approximately 10,000 tonnes of high-grade uranium. The leases are in the Fergana Basin, within 10km of an existing uranium plant at Hojent in Tajikistan and within 45-100kms of former Soviet uranium mines, including Mailuu-Suu and Tuya Muyun.
The Tyuz-Ashuiskaya Exploration Licence, which is located in the gold-rich Chatkal region of Western Kyrgyzstan, is an under-explored area which includes the Sarayay-Tyllyaberdy gold deposit - a 7.5 kilometre long zone of surface gold mineralisation.
Based on historical information including extensive surface trenching results, the Company considers that there is potential to define a substantial gold resource of over 500,000oz of high-grade gold at grades in excess of 5g/t Au.
The Company also recently announced that it has signed a Heads of Agreement with private UK-based company Pangaea Energy, for the Option to Purchase 80% of the Kamushan Uranium Project (2.5mlb JORC uranium resource), located near the Kyrgyzstan capital of Bishkek. The option also includes the acquisition of the 720 km� Jetym Uranium Lease in eastern Kyrgyzstan. The Option is currently undergoing due diligence.
Competent Persons Statement
The information in this report that relates to exploration, mineral resources or ore reserves is based on information compiled by Mr Anthony Martin (B.Sc.Hons.) who is a consultant of Nimrodel Resources Limited and is a member of the AusIMM. Mr Martin has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as described by the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Martin consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
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