re: Ann: Rossing South - Update and Renewal o...
MEDIA RELEASE Rossing South Update South Perth, Western Australia – April 27 2009 – Extract Resources (“the Company”) today announced further broad, high grade chemical assay results from Rossing South and the renewal of EPL3138. Highlights: • Namibian Ministry of Mines and Energy confirms renewal of EPL3138 (which includes the Rossing South deposit). • Rossing South Zone 2 drilling is progressing on schedule and continues to encounter zones of massive high grade alaskite-hosted uranium mineralisation. • Rossing South Zone 1 drilling results further define and extend the known mineralisation. • Seven drill rigs now operating on site (5 RC + 2 Diamond). • Exploration drilling that will explore to the west of Zone 1 and south of Zone 2 has commenced. Chemical assay results not previously reported from Rossing South include: Hole ID From (m) To (m) Mineralised zones (U3O8) Zone 1 RDD028 282 323 41m @ 1131 ppm and 354 406 52m @ 835 ppm RRC256 142 250 108m @ 485 ppm RRC258 120 136 16m @ 2071 ppm RRC260 186 292 106m @ 514 ppm RRC278 101 208 107m @ 638 ppm Zone 2 RDD023 316 365 49m @ 1307 ppm RRC266 249 270 21m @ 3920 ppm These results reconfirm that Rossing South is the highest grade granite hosted uranium deposit in Namibia and that it continues to evolve into one of the largest uranium deposits in the world.
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$4.72 Sentiment: Hold Disclosure: Held
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