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http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00740512





E: [email protected]
W: www.wildhorse.com.au
WildHorse Energy ACN 117 085 748
1
JORC-COMPLIANT INFERRED RESOURCE OF 30 MLBS (13,600T) U3O8 ESTABLISHED
AT PECS PROJECT, HUNGARY
19TH JULY 2007
International uranium developer, WildHorse Energy Limited (ASX:WHE) is pleased to
announce its first JORC-compliant Inferred Mineral Resource at the Pecs uranium project
in southern Hungary.
WildHorse has established an initial JORC-compliant Inferred Mineral Resource of 17.0
million tonnes @ 0.08%, for 30 million pounds (13,600 tonnes) of U3O8, at a lower cut-off of
400ppm, for the Pécs uranium deposits in southern Hungary. The resource estimation has
been independently completed by RSG Global Consulting, a subsidiary company of
Coffey Mining.
WildHorse CEO Richard Pearce said the results were a major milestone for the Company
and its shareholders. “These results are highly encouraging for the project and
WildHorse’s strategy to establish a major uranium producing company in Europe,” Mr
Pearce said.
Although detailed studies will be needed to determine the economic and environmental
consequences of potential mining, these results provide the basis to move ahead to the
next stage.
The resource area currently only covers a relatively small portion of WildHorse’s project
area (see figure three) and is based on the geological modeling undertaken by RSG
Global. There is considerable potential to extend the resource in all directions. Work will
commence as soon as possible, with targeted drilling in and around existing historical drill
holes which contained uranium mineralisation. As well as potentially increasing the size
of the resource, this drilling will be used to bring the status of this deposit to an indicated
resource.
The estimates are based on extensive historical drilling and radiometric and assay data
that has now been verified by RSG Global, following QAQC procedure, and
incorporated into new digital databases. Surpac software was used to construct wire
frames and block grades were estimated by ordinary kriging.
The Company’s previously stated objective was to report 45 million pounds of JORC
compliant uranium resource by November 2008. As a result of this initial success at Pécs
and the likelihood that the resource will increase significantly, together with the progress
being made in Wyoming and elsewhere, WildHorse has increased its targeted JORC
uranium resource to 100Mlbs by the end of 2008.
For more information, see www.wildhorse.com.au or contact:
Mr Richard Pearce Mr Mark Hughes Ryan McKinlay
Managing Director Chairman Investor Relations
+61 8 9389 2010 +61 8 9389 2001 +61 8 9485 1254
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