Wild Horse 17m-tonne inferred uranium resource09:45, Friday, 20...

Wild Horse 17m-tonne inferred uranium resource
09:45, Friday, 20 July 2007

Sydney - Friday - July 20: (RWE Australian Business News) -
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 at 0.08pc, 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.
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 and is based on the geological
modeling undertaken by RSG Global.