Berkely Energy confirms high-grade uranium at Zona 7
THE DRILL SERGEANT: Berkeley Energy (ASX: BKY) has received initial results from a recently completed infill drill program carried out at the company’s 100 per cent-owned Salamanca project in Spain.
According to Berkely the results have confirmed the continuity of high-grade mineralisation at the Zona 7 deposit.
“Assay results from an initial 39 drill holes have shown that the continuity of the mineralised zone is good and in line with expectations, both in terms of grade and thickness,” Berkely Energy said in its ASX announcement.
“Significant high grade intersections have been recorded at shallow depths (from 7 metres), with thicknesses up to 40 metres.”
Highlights from the results include:
40 metres at 949 ppm uranium;
26m at 1,103 ppm uranium;
22m at 1,257 ppm uranium;
21m at 1,150 ppm uranium;
8m at 1,173 ppm uranium;
6m at 1,422 ppm uranium; and
5m at 1,800 ppm uranium.
Berkely explained the majority of the results had come from holes drilled into the southern area of the deposit, which the company had previously considered to be lower grade compared to the high-grade core of Zona 7.
The infill drill program comprised 90 RC holes and was designed to upgrade the resource to the Indicated category and also to test for extensions to the known mineralisation.
The Zona 7 deposit is located within 10 kilometres of the approved location of the proposed processing plant and currently hosts an Inferred Mineral Resource Estimate of 23.2 million tonnes averaging 589 ppm uranium for 30.1 million pounds of uranium (at a 200 ppm uranium cut-off grade).
“Results from all remaining holes are due to be reported in September along with an upgraded Mineral Resource Estimate,” Berkely said.
“As previously advised given the very positive impact the Zona 7 resource is expected to have on the project’s overall economics the Board has decided to push ahead with the permitting required to rapidly incorporate this resource into the overall development plans.”
Email: info@berkelyenergy.com
Website: www.berkelyenergy.com