HIGHLIGHTS • Results received for Area 1 Prospect, Erongo Granites Project continue to extend identified zone of near surface uranium mineralization. • Results received for a further sixteen holes, with all drill holes intersecting anomalous uranium mineralization. Better results include: o 30m at 223 ppm U3O8 (including 13m at 386 ppm U3O8), from 11m to 41m. o 37m at 200 ppm U3O8 (including 12m at 287 ppm U3O8), from 20m to 57m. o 10m at 207 ppm U3O8, from 54m to 64m. o 8m at 206 ppm U3O8, 15m to 23m. o 12m at 174 ppm U3O8 (including 5m at 254ppm U3O8), from 79m to 91m. • Drilling has now confirmed uranium mineralization over an area of 1,000 metres by 500 metres, from surface to depths exceeding 100m. • The zone of known uranium mineralization remains open in all directions. The drilling programme will now target extensions a further 500m to the north east, east and south east of area drilled to date, with the objective of substantially increasing the zone of uranium mineralization. • Second RC drill rig now scheduled to be on site in mid September and will drill test an initial 4kms of potential strike length at Area 3 Prospect.
ERN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held