ENR 16.5% 74.0¢ encounter resources limited

Sydney - Thursday - Jan 11: (RWE Australian Business News) -...

  1. 275 Posts.
    Sydney - Thursday - Jan 11: (RWE Australian Business News) -
    Encounter Resources Ltd (ASX code: ENR) today provided an update on
    drilling operations at the Yeelirrie Channel project in WA.
    The 32-hole program at Bellah Bore East was designed to test for
    strike repetitions and the continuity of near-surface uranium
    mineralisation reported previously.
    Assay results and downhole radiometric logging of this phase of
    drilling has confirmed continuity of uranium mineralisation.
    The program did not define any significant extension to the zone
    of mineralisation at Bellah Bore East.
    The drilling at Bellah Bore East has defined an area of
    near-surface uranium mineralisation about 500m by 150m and between 2m to
    10m thick.
    Results include:
    * 8m at 215ppm U3O8 from 0m incl 2m at 410ppm U3O8 from 1m.
    * 10m at 166ppm U3O8 from 0m incl 2m at 410ppm U3O8 from 1m.
    With the size potential of the drilled area now defined,
    exploration efforts will progress onto other target areas within the
    Yeelirrie Channel project.
    Encounter says it is encouraged by the initial results at Bellah
    Bore East because it has confirmed the initial hypothesis that satellite
    uranium occurrences are still to be found within the Yeelirrie Channel.
 
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