announcement, page-6

MONTEZUMA CONFIRMS URANIUM MINERALISATION UP TO 0.11% AT THE
ROBINSON RANGE URANIUM JOINT VENTURE
• Montezuma has completed follow up sampling at Billara Bore 4, one of three priority
target areas within the Robinson Range Joint Venture area.
• Assays have returned numerous significant values up to 0.11% uranium.
• Field work is ongoing at two other priority target areas, Billara Bore 4 and Ann Prospects
and results will be announced as they come to hand.
Montezuma is pleased to announce on behalf of the Robinson
Range Joint Venture partners that follow up sampling has
confirmed uranium mineralisation at the Robinson Range Project,
located approximately 125 km north of Meekathara in Western
Australia.
AGIP explored the area for uranium mineralisation in the 1970’s
and 80’s and a review of the available reports has previously
identified three immediate high priority prospects within the Joint
Venture Area with uranium mineralisation in geological settings
that are prospective for both primary basement hosted and
secondary calcrete hosted mineralisation. A full summary of the
historical results are detailed in our previous announcement of 21
March.
Since completing the data review at the Billara Bore 2, Billara
Bore 4 and Ann Prospects, Montezuma has commenced a programme of follow up sampling to
confirm the historic results and to assist in identifying new targets.
The first phase of this programme is complete with results from Billara Bore 4 returning uranium
values up to 0.11% in weathered metasediments of the Naracoota Volcanics near the contact with
the uranium bearing basement gneiss.
The mineralisation at Billara Bore 4 appears to be secondary near surface enrichment of uranium
due to uranium bearing surface and groundwater draining off the “hot” basement rocks and being
deposited in geochemically favourable reducing sequences within the overlying volcanics. This
type of mineralisation has the potential to yield large near surface mineralised zones similar to
Yellirrie style calcrete hosted mineralisation for which there is also significant potential within the
Joint Venture tenements.
Sampling at the Billara Bore 2 and Ann
Prospects is ongoing and further regional work
is being planned with the aim of commencing
drill testing of priority targets within the Project
as soon as possible.
Significant results (>50ppm uranium) of the
most recent sampling programme are listed in
adjacent table.
The combined tenement portfolio at Robinson
Range comprises approximately 3,000 km2 of
tenure including granted tenements and
tenement applications covering granitoids,
gneiss, schist and metasediments of the
Yarlarweelor complex.
The project is located approximately 125 km north of Meekathara in Western Australia.
Montezuma has a controlling interest in the Joint Venture and has acquired 70% ownership of the
merged tenure by committing to a minimum of $0.5M exploration expenditure over three years.
Greater Pacific Gold has a 30% interest in the merged tenement holdings, free carried to a
Bankable Feasibility Study.
Justin Brown
Managing Director
Montezuma Mining Company Ltd
Mobile – 0438 745 675
The