Berkeley encounters high grades at Zona 7

THE DRILL SERGEANT: Berkeley Resources (ASX: BKY) has received a second set of results from the 2014 drilling program conducted at Zona 7, the largest of the Retortillo satellite deposits and part of the company’s Salamanca project in Spain.

Zona 7 currently hosts an Inferred Mineral Resource Estimate of 3.9 million tonnes averaging 414 ppm uranium for a contained 3.6 million pounds of uranium (at a 200 ppm uranium cut-off grade).

Berkeley said a drilling program conducted in 2013 showed Zona 7 mineralisation extends to the southwest of the current resource area.

The 2014 drilling program, which comprised a total of 45 reverse circulation (‘RC’) holes and four diamond holes, was aimed at infilling the zone of mineralisation delineated by the prior year’s drilling.

 

Drilling plan highlighting extension of Zona 7 mineralisation. Source: Company announcement

 

Results for the initial 16 RC holes were reported earlier this year.

The company claims the results returned from the remaining 29 RC holes have continued to highlight good continuity of the mineralised zone, both in terms of thickness and grade, between the previous broader spaced holes.

Intercepts from the final 29 reverse circulation drill holes include:

19 metres at 2,332 ppm uranium;

20m at 1,238 ppm uranium;

12m at 1,422 ppm uranium;

18m at 825 ppm uranium; and

13m at 1,067 ppm uranium.

High-grade intersections have been recorded at shallow depths (from 3 metres to a maximum depth of 71 metres), with thicknesses up to 20 metres.

The mineralisation remains open along the north-western margin, and along strike to the southwest, so both areas will be targeted in subsequent drilling campaigns.

“The 2014 drilling program was designed to close the broadly spaced 2013 drill pattern down to a notional 100 metre by 100 metre grid to facilitate the estimation of a revised Inferred MRE for Zona 7,” Berkeley Resources said in its ASX announcement.

“The data obtained from both the 2013 and 2014 drilling programs is currently being incorporated into the Zona 7 resource model, and it is anticipated that the new MRE will be completed and announced in late November.

“The delineation of this significant zone of shallow, high-grade uranium mineralisation at Zona 7 is considered by the Directors to be a clear demonstration of the exploration and resource growth potential of the Salamanca project.”

Email: info@berkeleyresources.com.au

Website: www.berkeleyresources.com.au