12:35, Thursday, 15 September 2005
Sydney - Thursday - Sep 15: (RWE Australian Business News) -
Batavia Mining Limited (ASX code: BTV) today announced plans to commence
an aggressive $2 million exploration program covering its extensive
uranium portfolio in the Northern Territory.
This was after completion of a comprehensive review of all
project areas, including the acquisition of historical exploration data.
The "landmark" 24-month program is scheduled to commence during
the December quarter and will involve systematic testing of a wide range
of uranium prospects which have been meticulously reviewed, prioritised
and budgeted by the company over the past two months.
Advanced targets for roll-front or sandstone-type uranium
deposits have been identified at the Hale River prospect and advanced,
high-grade vein, pegmatite and structurally controlled targets have been
identified at the Harts Range and Eastern Arunta prospects - all of
which represent high priorities for the exploration program.
The company also announced a significant addition to its NT
uranium portfolio after making an application for ELA 24823 (757 sq km),
which covers the highly prospective Curtis Pound Prospect identified
from airborne radiometrics flown in 1971.
Shares in Batavia Mining rose 0.3c to 5.3c today.
Copyright © 2001 RWE Australian Business News. All rights reserved.
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