Rossing South Uranium discovery going forward. Written by Administrator Friday, 08 January 2010 09:18 A steady flow of strong chemical assay results has continued to confirm the continuity of the high grade granite hosted uranium mineralisation at Rssing South. Furthermore, the latest round of impressive chemical assay results also continued to set Rssing South apart as a truly unique uranium project that represented the first significant new discovery for many years to come. The latest announcement is an exceptional chemical assay results from the uranium explorer, Extract Resources Limited, gave further credence to the Rssing South discovery in Namibia as one of the worlds largest known uranium project. Extract Resources Chairman, Steve Galloway, said: The latest round of high grade assay results from Rssing South are exceptional with some of the best results returned thus far. He added that: The mineralised system known as Zone 1 and Zone 2 extends over five kilometres with infill and extensional drilling upgrading resource status from Inferred to Indicated so that reserves can be defined as part of the Feasibility Study to be completed in June 2010. Galloway remarked that the company is very pleased with the rapid progress being made and their work rate will accelerate further with 13 drilling rigs now on site. We remain focused on developing Rssing South. It is a first class asset and we are confident that the work we are completing now will ensure it becomes a first class mining operation, Galloway concluded.
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$8.29 Sentiment: LT Buy Disclosure: Held
