11. Ongoing Exploration Program At the Box Hole MVT lead-zinc project, lead and zinc analysis results from the RAB drilling are currently awaited and will form the basis of a detailed review of all Box Hole data. Provided results are encouraging, RC drilling will be planned in 2009 to confirm the RAB results and to test deeper targets. At the Marqua phosphate and base metal project, an aircore drilling program will be undertaken in the September quarter of 2008 to outline the extent, thickness and grade of selected phosphate-rich sections of Thorntonia Limestone, and to test a number of shallow base metal targets. At the Barr Creek phosphate and base metal project, phosphate analysis results from field sampling in June 2008 are currently awaited and will form the basis of a detailed review of all Barr Creek data. A drill program to test the extent, thickness and grade of phosphate mineralisation at Barr Creek will be planned and all necessary approvals obtained to allow drill testing of phosphate targets in the 2009 field season. At the Mt Skinner base metal and uranium project, field reconnaissance will be undertaken to map and sample prospective areas within the tenements, with a view to planning more detailed follow-up exploration work in the 2009 field season. All projects will be reviewed in detail over the summer wet-season, to prioritise, plan and budget the 2009 field season.
(after URAMET 2008 annual report)
URM Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held