Energia Minerals commences resource estimate at Nyang

THE DRILL SERGEANT: Coffey Mining is about to commence a new resource estimate for Energia Minerals (ASX: EMX) at the company’s 100 per cent-owned Nyang uranium project in Western Australia.

The work for the estimate is scheduled to kick off in mid-January following Energia receiving encouraging results from a recently-completed aircore drilling program.

Energia has received final wet chemical assays for a further 11 mineralised holes from the 140-hole program, with approximately half of the final assays completed and the balance expected over the next two weeks.

The majority of these final assay results were from holes drilled within and peripheral to the Eastern Mineralised Zone and four were from the northern extension of the main Carley Bore resource.

The company said intersections of: 5 metres at 298 parts per million uranium from 49 metres and 5m at 574ppm uranium from 54m have confirmed a northern extension of the mineralisation outside of the current Inferred Resource area.

 

Nyang project showing location of Carley Bore Inferred Resource,
Eastern Mineralised Zone, historic and November 2012 drilling. Source:
Company announcement

 

Energia considers the recent drilling program to have expanded the Carley Bore footprint considerably, providing it with further confidence in the potential for continued resource expansion.

“The results from the recent drilling will be incorporated in the upcoming resource upgrade,” Energia Minerals managing director Kim Robinson said in the company’s announcement to the Australian Securities Exchange.

“Following that, we have a lot of further drilling to do at Carley Bore with the mineralisation remaining open in several directions, and we expect to be able to continue to add significantly to that tonnage with ongoing drilling.”