URANIUM PROBE RESULTS CONFIRM PROSPECTIVITY Uranium grades and geology similar to other granite-hosted uranium projects in Namibia
International uranium company West Australian Metals Limited (ASX: WME) is pleased to report encouraging downhole probe results from the recently completed HQ diamond drilling program at its 80%-owned Marenica Uranium Project in Namibia, Southern Africa. This program was designed to provide geological and structural information along the southern and eastern margin of the Marenica Dome in areas considered to be prospective for primary uranium mineralisation in granite. Highlights of the downhole probe results (using a 100ppm eU3O8 cut-off) include: · MARD034 12.6 to 19.1m, 6.5m @ 183ppm eU308 · MARD036 4.8 to 13.10m, 8.3m @ 150ppm eU308 · MARD037 7.5 to 20.2m, 12.7m @ 135ppm eU3O8 · MARD037 37.9 to 42.5m, 4.6m @ 157ppm eU3O8 · MARD037 70.0 to 77.5m, 7.3m @ 130ppm eU3O8 WME is targeting the discovery of primary uranium in “alaskites” around the Marenica Dome. The recently completed diamond drill holes along the eastern margin of the Marenica Dome intersected several zones of hydrothermally altered granite with anomalous scintillometer readings. The eastern target was easily accessible and, while not considered a high-priority target, has confirmed the potential for a primary uranium deposit within the Marenica Dome. Discovery success in this regard would significantly enhance the Marenica Project, which currently hosts a large, bulk tonnage Inferred Resource of 111 million tonnes averaging 140ppm U3O8 for 34 million pounds of contained U3O8
WME Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held
