Been doing some heavy background research on EPL 3287 aka Marenica Uranium project. Found some nice sites for all;
http://www.intierra.com/html/properties/Marenica%20Uranium%20Prospect.htm HISTORY Previous reconnaissance drilling in the 1970's in several areas returned thicknesses of mineralisation of between 3 to 5 metres and intersections of up to 8.1 metres averaging 480g/t U3O8. The Geological Survey of Namibia has reported that to the end of 1982, when the area was relinquished, around 32,000m had been drilled in more than 2,000 holes on the Marenica Project. This work had focused on the northeastern sector of the project area, and the palaeochannel system, where airborne radiometrics, supported by wide spaced trenching and pitting located four major uranium anomalies covering close to 7sqkm. The four major anomalies were investigated by detailed radiometric, gravimetric and resistivity surveys, and drilling, with one hole assaying 480ppm over 8.1m. Closer spaced drilling was undertaken to a depth of 35m with holes radiometrically probed to allow log based grades to be calculated. Metallurgical studies are also reported to have been carried out on bulk samples including leaching testwork. Exploration work on the project ceased as a result of depressed uranium prices.
Now I kept digging and using the wonderful search engine Google – what I’m about to provide to you may/or may not come as a shock. Please read carefully – I’ve highlighted the key point…
http://www.reisenzeigen.de/Berichte/1947 West Australian Metals - Uranium Fever / Images of Namibia Photos of "West Australian Metals" principal asset: the Marenica Uranium Project located in the uranium rich Damaran Province in Namibia. Images show trenches, pits, Uranium mineralisation of Marenica Project. The project covers 706sq kms, with high prospectivity for both secondary and primary uranium deposits. "West Australian Metals"
West Australian Metals is an Australian Stock Exchange listed company with its major focus being the discovery and development of uranium deposits. Photos show the Prospecting Licence 3287 in Namibia. Images show trenches, pits, Uranium mineralisation, Marenica Project, Namibia
Exclusive Prospecting Licence 3287 covers the Marinica Uranium Deposit which is located in the central portion of the Republic of Namibia (Figure 1.). The licence which was granted for a 3 year period commencing 30 November of 2005 for the exploration of Base and Rare Metals, Precious Metals and Nuclear Fuel Groups of Minerals covers approximately 706 sq km's. It lies in the same uranium bearing province as major uranium projects such as the Rossing Uranium Mine and the Langer Heinrich Palaeochannel deposit.
In April of 2006, Mr Jaco Floris Smith entered a Joint Venture agreement with West Australian Metals Ltd (WME) where by WME can earn an 80% interest in EPL 3287 by spending N$1,500,000 on exploration. The formation of the Joint Venture received Ministerial approval on 31 May 2006.
Due to high uranium prices in the 1970's, Namibia underwent considerable exploration for uranium particularly along a 100km wide corridor extending east from the coast. The Geological Survey of Namibia flew several airborne radiometric surveys which outlined a number of potential targets. Rio Tinto, Anglo America, Western Mining and Goldfields all conducted exploration in the region that delineated various hard rock, palaeochannel and calcrete deposits.
Previous exploration on EPL3287 notably by General Mining and Finance Corporation outlined several uraniferous palaeochannels. The largest is the Marenica which was discovered by reconnaissance drilling in the 1970's. It is reported to extend over a length of 17 kilometres and varies from 300 to 1000 meters in width. Drilling in four anomalous areas (Anomalies 1 to 4, Figure 2.) yielded a general thickness of between 3 and 5 metres with the highest intersection returning 8.1 metres at 480g/t U3O8.
Autor: Mark Peters
erstellt: 10.04.2007 gelesen: 333 mal Stichworte: Namibia, West Australian Metals, Uran
Interesting??? Right
Well if you go to wikipedia…
In the 1960s and 1970s General Mining and Finance Corporation merged with Federale Mynbou and Union Corporation, became Gencor, then Billiton, then BHP Billiton, one of the largest mining houses in the world, with interests in Borneo, China, Australia, South America and South Africa.
So what does this mean…
EPL 3287 had some MAJOR land holders – and from a time line scale
1970’s: General Mining & Finance Corp (aka Gencor, aka Biliton, aka BHP Billiton) Late 1970’s to 1982 – GoldFields SA 1982 – 2005 – Land was relinquished 30 Nov 2005 – Mr Jaco Floris Smith purchased and claimed the EPL. (My birthday!) April 2006 – WME 80% interest and joint venture for EPL 3287.
I really think that the ground that WME has – is a massive find. The Geological Survey of Namibia has stated that Marenica is the largest find. Now I know I’m inferring this, but – could we have a parcel of land that was viewed by the airborne radiometric survey as having higher land acreage, and is bigger than Langer Heinrich and Rossing???
Comments please.
WME Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
