btv investment in wme, page-10

Batavia's holdings in WME ......ann by wme, wme in pre open, last trade, 19c, up 1c....704k shares traded prior to end of pre open

"Uranium Resource Drilling Program Expanded
Further Encouraging Probe Results from Resource Drilling at Marenica Project
KEY POINTS
•
Initial 5,000m RC in-fill drilling program expanded to 7,870 metres
•
Further encouraging probe results from historical drill holes not included in current Inferred Resource (111Mt @ 140ppm eU3O8)
•
RC drilling scheduled to commence at Phillipus and Springbok prospects next month
•
Local Project Geologist appointed for Marenica Uranium Project
International uranium company West Australian Metals Limited (ASX: WME) is pleased to provide an update on the progress of the resource in-fill and extension drilling campaign at its 80%-owned Marenica Uranium Project in Namibia, Southern Africa.
The initial 5,000 metre RC resource drilling campaign currently underway has been expanded to a total of 7,870m, of which 190 holes have been completed for a total of 2,600m. Results from this drilling program are expected soon.
The program is designed to in-fill areas of wide spaced drilling within the Marenica resource area, reducing the average spacing to no less than 120m by 60m. It is anticipated that this will improve the resource category of a large portion of the known resource (Inferred Resource of 111Mt grading 140ppm eU3O8 for 17,000 tonnes or 34Mlb of contained U3O8).
As previously reported, the down-hole geophysical probe is continuing to provide data from approximately 750 historical drill holes, the results of which were not included in the current resource estimate. The Company’s consultants, Terratec Geophysical Services, are now operating on a double-shift basis to ensure that all down-hole logging of the historical drill holes is completed prior to a new resource calculation........"