OAU 9.09% 0.6¢ ora gold limited

building, page-3

  1. 7,161 Posts.
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    G'day Dabru,

    I don't have the figures on hand but will have a scrounge around when I get the time. Fishing tomorrow etc...I have copied an announcement from another explorer just to show the significance of Thunderball for those with any doubts...I'm sure everyone will get a laugh from the widths....lol

    Crescent hails results at Sturt project
    Tue, 05 Jan, 06:48 PM
    Crescent Gold Ltd says it has found exciting uranium assay results from its Sturt project in South Australia.

    Results from drill core samples at its tenements centred on Moomba, in the north eastern part of the state, showed strong uranium grades, the company told the stock exchange.

    The results showed 1,625 parts per million (ppm) of U3O8 over a 7.5 centimetre level at one prospect, and 864 ppm of U3O8 over a 10cm interval at another, it said.

    "Assays of this magnitude enhance the significance of our announcement on September 25, 2009 of the discovery of extensive sedimentary uranium anomalism hosted in the Namba Formation sediments of Tertiary age," said Crescent managing director Roland Hill.

    "We plan to explore these channel sands down hydraulic dip in search of uranium mineralisation retained within the sands themselves.

    "Sandstone hosted uranium mineralisation of this style is potentially amendable to low cost, low impact solution mining techniques," Mr Hill said.

    Shares in Crescent finished up 0.5 cent, or 2.27 per cent, at 22.5 cents.
 
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