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ann: windimurra uranium drilling underway, page-2

  1. 162 Posts.
    Australian Stock Exchange Announcement
    WINDIMURRA URANIUM DRILLING UNDERWAY
    28 May 2007

    NARNDEE PROJECT, WESTERN AUSTRALIA
    Maximus 100%
    Windimurra Uranium Prospect

    HIGHLIGHTS
    • Aircore drilling has commenced at the Windimurra Uranium Prospect.
    • Drilling will infill historic results of up to 2.1 metres from surface at 0.43 kg/t eU3O8

    Maximus has commenced a program of aircore drilling
    on the Windimurra palaeochannel which contains
    calcrete hosted uranium mineralisation previously
    located by wide-spaced WMC Resources drill traverses
    in the early 1970s (Figure 1). Calibrated radiometric
    probe results at that time indicated individual intervals
    up to 0.9 kilogram equivalent U3O8 per tonne and a
    best result of 2.1 metres from surface of 0.43 kilogram
    eU3O8 per tonne in hole MWMRC270.

    The radiometrically anomalous area of plus 0.1 kilogram
    eU3O8 per tonne measures 8 kilometres by 500
    metres and will be initially infilled on a 320 x 160 metre
    pattern of shallow aircore holes. An initial phase of
    about 160 holes for approximately 1600 metres will be
    radiometrically logged to determine the extent of more
    anomalous areas

    Progressive infill drilling and geochemical sampling
    of the more anomalous areas will follow. Results from
    these programs is expected to provide sufficient data to
    allow Maximus to commission an independent estimate
    of an inferred mineral resource for this near surface
    uranium occurrence during the September Quarter.
    Dr Kevin Wills
    Managing Director
    28 May 2007
 
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