| EXTRACT RESOURCES: ASX Announcement |
1 February 2008
Extract Makes Major New Uranium Discovery at Rossing South in Namibia
Extract Resources (ASX / TSX code : EXT) is pleased to announce a major new uranium discovery at their Rossing South exploration target which is part of the company's wholly owned Husab Uranium Project in Namibia, Africa.
Summary:
- Outstanding drill hole assay results hosted within uraniferous alaskite confirm a major new uranium discovery beneath desert sands, about 7 kilometres south of the Rossing Uranium Mine.
- Two of the three discovery holes ended in mineralisation and results include:
| Hole ID |
From (m) |
To (m) |
Mineralised zones |
|
RBA001
including
|
89
89 |
129
97 |
40 metres @ 240 ppm
8 metres @ 998 ppm |
RBA002
including |
60
91 |
160
160 |
100 metres @ 265 ppm
69 metres
@ 321 ppm |
Extract Resources Managing Director, Peter McIntyre, said that
this immediate success indicates enormous potential for the Rossing South target.
“The discovery so early in the program is an outstanding result. This is only the first line on a 15 kilometre
strike target, and grades are similar to the Rossing mine grades. These early results cannot be understated, and confirm Rossing South as a world-class target.”
The Rossing South discovery holes are
approximately 1.5 kilometres from Extract’s northern boundary, which it shares with the world-class Rossing uranium province, and 7 kilometres south of the Rossing Mine itself.
The Rossing South target area extends for 15 kilometres onto Extract’s licence, and is covered by desert sands up to 50 metres thick. This is the first time this target has been drilled.
A core hole is currently being drilled beneath the discovery holes, and a scissor RC hole will also be drilled
to check the orientation.
Reconnaissance drilling has also begun testing the bedrock 1.6 and 3.2 kilometres to the south and along the
interpreted strike.
Anomalous zones of uraniferous alaskite have been identified, and deeper drilling into these zones is now also
planned.
CLICK HERE TO READ FULL ASX ANNOUNCEMENT
For more information contact:
Peter McIntyre or Richard Henning
Managing Director Investor Relations
(08) 9367 2111 (08) 9367 2111
rhenning@extractresources.com
Extract Resources Limited
(ABN 61 057 337 952
30 Charles Street South Perth WA 6151 • P.O. Box 752 South Perth WA 6951
Telephone: +61 (08) 9367 2111 • Facsimile: +61 (08) 9367 2144 • reception@extres.com.au
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Extract Resources
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EN DÉVELOPPEMENT |
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CODE : EXT.AX |
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ISIN : AU000000EXT7 |
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Extract Res. est une société développant des projet miniers d'or basée en Australie. Extract Res. est en développement de projets d'or et d'uranium en Australie et en Namibie, et détient divers projets d'exploration en Australie. Ses principaux projets en développement sont BURNAKURA / NOA2 en Australie et ROSSING en Namibie et ses principaux projets en exploration sont UIS et HUSAB en Namibie et BURNAKURA et TUCKABIANNA en Australie. Extract Res. est cotée au Canada, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,7 millions AU$ (1,8 millions US$, 1,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 25 février 2011 à 9,92 AU$, et son plus bas niveau récent le 08 septembre 2023 à 0,01 AU$. Extract Res. possède 243 552 298 actions en circulation. |