WME will be 50c + soon , just pay the price or you miss the boat ,some downrampers they couldn't see the fact ,
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SIGNIFICANT URANIUM RESULTS FROM RECENT SAMPLING PROGRAM MARENICA URANIUM PROJECT, NAMIBIA The Directors of West Australian Metals Ltd (WME) are pleased to report that significant uranium results have been received from Phase One of a trench and pit geochemical sampling program over parts of its Marenica Uranium Project, Namibia (Figure 1). The results received confirm the presence of significant and wide spread areas of near surface uranium mineralisation. Significant results received from Phase One of the sampling program include: Trench A4T3 3 metres averaging 1,483ppm U3O8 Trench A4T2 5 metres averaging 868ppm U3O8 Trench A4T2 80 metres averaging 241ppm U3O8, including 5 metres at 590ppm U3O8 Trench A3T1 50 metres averaging 160ppm U3O8 and 45 metres averaging 153ppm U3O8 Trench A2T1 125 metres averaging 120ppm U3O8 The exploration trenches and pit lie within an 18 sq km area containing numerous zones of surface and near surface uranium mineralisation for which resources were calculated by Gold Fields in 1983 following completion of major drill programs. WME is targeting this, and other areas, with the objective of defining a JORC compliant resource(s) containing at least 8,000 tonnes (or about 18 million pounds) of U3O8 (refer to ASX announcement of 17 October 2006) with drilling planned in the first half 2007. The Directors also advise that Phase Two of the sampling program has just been completed with samples ready for dispatch to a laboratory in South Africa. The Phase Two results will be reported on when they have been received and evaluated. ---------------------------------------------------------------------------------------------------------
WME Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held