Berkeley Energia Limited Drill programme targeting Zona 7 extension resumes (0625B)
2016年6月14日 - 3:00PM
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RNS Number : 0625B
Berkeley Energia Limited
14 June 2016
BERKELEY ENERGIA LIMITED
NEWS RELEASE | 14 June 2016 | AIM/ASX: BKY
Drill programme targeting Zona 7 extensions resumes
The major exploration programme targeting further Zona 7 style
deposits has resumed at the company's 100% owned Salamanca
project.
Two rigs are on-site testing extensions to the Zona 7 deposit
and Las Eras, a new target located five kilometres to the north of
Zona 7.
The Zona 7 deep drilling programme, which comprises a total of
twelve 250 metre deep holes, is designed to test the continuity of,
and potential extensions to, the high grade mineralisation
intersected in previous drilling.
Outstanding intercepts included 48 metres @ 1,018 ppm U3O8, 19
metres @ 1,753 ppm U3O8, 14 metres @ 4,481 ppm U3O8 and 11 metres @
1,105 ppm U3O8 (refer to announcement dated 27 January 2016).
A further fifteen holes will be drilled to the south of Zona 7,
in order to test for extensions to the deposit in an area where a
number of intersections have previously been reported (refer to
announcement dated 16 February 2016).
The Las Eras target was subject to previous drilling by JEN, a
Spanish state owned entity, and a number of broad, near surface
high grade intersections similar to those reported in Zona 7 were
documented in historical records but never followed up. The
detailed data supporting this drill information is no longer
available.
This information, when combined with the geological setting, the
recently reinterpreted geophysical data and a large radiometric
anomaly has however provided the basis for the high priority
ranking of this target.
Eleven shallow holes to a depth of 80 metres have been scheduled
at Las Eras to follow up the previous results and to test the broad
radiometric anomaly covering the target area.
Managing Director Paul Atherley commented:
"The Zona 7 deposit has transformed the economics of the
Salamanca project and provided the basis for us to commence
development. This 38 hole drill programme follows up recent high
grade intersections at Zona 7 and a new target Las Eras, located
just five kilometres to the north, testing for high grade ore which
can be added to the mine schedule."
For further information please contact:
Paul Atherley Hugo Schumann
Managing Director Commercial Manager
+44 207 478 3900 +44 207 478 3900
info@berkeleyenergia.com
Competent Persons Statement
The information in this report that relates to the 2016
Exploration Results for Zona 7 is extracted from the announcement
entitled 'High grades intersected immediately below Zona 7 deposit'
dated 27 January 2016, which is available to view on Berkeley's
website at www.berkeleyenergia.com. The information in the original
ASX announcement is based on, and fairly represents, information
compiled by Mr Malcolm Titley, a Competent Person who is a Member
of The Australasian Institute of Mining and Metallurgy. Mr Titley
is employed by Maja Mining Limited, an independent consulting
company. Mr Titley 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 defined in the 2012 Edition of the
'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Berkeley confirms that it is not aware
of any new information or data that materially affects the
information included in the original market announcements. Berkeley
confirms that the form and context in which the Competent Person's
findings are presented have not been materially modified from the
original market announcement.
Forward Looking Statement
Statements regarding plans with respect to the Company's mineral
properties are forward-looking statements. There can be no
assurance that the Company's plans for development of its mineral
properties will proceed as currently expected. There can also be no
assurance that the Company will be able to confirm the presence of
additional mineral deposits, that any mineralisation will prove to
be economic or that a mine will successfully be developed on any of
the Company's mineral properties.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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