re: Ann: Completes Korean Acquisition and Mai... Stonehenge Metals Ltd completes acquisition of Chong Ma Mines Inc (Chong Ma)
o Maiden Resources and Exploration Target at the Daejon Project:
h Inferred Resource of 34.9 million pounds eU3O8 at a grade of 340 ppm
h Exploration Target1 of 72 to 108 million pounds U3O8 at a grade of 250 to 350 ppm
o Daejon Project is open along strike and at depth; interpreted to extend down dip to 250m
o Largest uranium resource within South Korea
o Substantial database on project encompassing detailed mapping, historical drilling information and a significant body of academic work including metallurgical studies
o A substantial drilling program, planned to commence in May 2010, designed to expand existing Inferred Resource, upgrade resources to Indicated and convert current Exploration Targets to resources in accordance with the JORC guidelines
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