Ann: Phase 2 drilling confirms uranium potential , page-2

re: Ann: Phase 2 drilling confirms uranium po... Maybe Phase 3 will help us.

Bondi Mining boosts uranium prospectivity at Murphy
10:02, Tuesday, 17 November 2009

Sydney - Tuesday - November 17: (RWE Aust Business News) - Bondi
Mining (ASX:BOM) has the results of phase two drilling at its Murphy
uranium project in the Northern Territory.
The phase two program was testing for the presence of reduced
basement metasediments of the Murphy Metamorphics under the Westmoreland
Sandstone, as well as testing for the presence of Siegal Volcanics and
mafic intrusives.
The presence of reduced basement rocks is a very important
component of the model for formation of high grade unconformity-related
uranium deposits.
"These are the first four holes in the previously unexplored
Murphy West area, and their objective was to help us gain an
understanding of the geology of that area and its prospectivity for
unconformity uranium," managing director Rick Valenta said.
"The fact that we have proven the presence of reduced
metasediments in the basement is a big boost to the prospectivity of the
area, and it is even more encouraging to have intersected anomalous
uranium and a typical suite of associated elements right at the
unconformity."
A drilling sample of Westmoreland Sandstone within 1m of the
unconformity returned 44.3ppm uranium, along with elevated lead, zinc,
arsenic, nickel and phosphorous.
Background values of uranium in the Westmoreland Sandstone are
typically less than 1.5 ppm, so the presence of uranium at over 30 times
background near the unconformity with underlying reduced metasediments is
extremely significant.
The results of the phase two drilling will be used to plan for
further programs in the Murphy West region in 2010.
The start of phase three drilling has been delayed due to the
delay in availability of the contracted drill rig.
The drill rig is now expected to be available in time to begin in
late November.
Phase three drilling will be focused on testing step-out targets
from the wide intersection of anomalous uranium and copper encountered in
drill hole MURD002 at the UC19 target.