czech, page-3

they've gone from producer to explorer

ABN 93 107 316 683 6/680 Murray Street, West Perth WA 6005 Australia PO Box 1040, West Perth WA 6872 Australia
Phone: +61 8 9321 3445 Fax: +61 8 321 3449 Email: [email protected]
www.uranlimited.com.au
30 May 2007
Application For Exploration Licences Lodged Over Known Uranium Deposits in
Czech Republic
_____________________________________________________________________
Uran Limited has lodged, through its agent Timex Zdice sro, applications for exploration licences
over a number of known uranium deposits in the Czech Republic.
The applications cover at least 5 uranium deposits in the Strazec Arc, 50 km north-west of Rozna
uranium mine.
Intensive regional exploration was carried out by the Czech Geological Survey of the Uranium
Industry over an area of 220km2 in the period 1976 to 1990, including 1,641 RC drillholes, 584 pits,
560 trenches totalling 59km, 261 shallow shafts to test significant radiometric anomalies, and 223
diamond drill holes.
This exploration identified a number of deposits including the most significant, Brzkov and Veznice.
The mineralisation is similar to that at Rozna uranium mine, consisting of high grade lenticular pods
and veins with associated disseminated mineralisation in the deep-seated Pribyslav fault zone.
Mineralisation consists mainly of uraninite and coffinite and extends from near surface to at least
600 metres below surface. Similar deposits in the region are known to extend to at least 1,000
metres.
Geofond, the state geological service, reported resources in the deposits of interest under the IAEANEA
Uranium Resource classification system.
Historical data while available for these deposits is not JORC compliant.
If the applications are granted Uran Limited will review the existing data and will plan exploration
and validation of previous work with the aim to identify JORC compliant resources.
ABN 93 107 316 683 6/680 Murray Street, West Perth WA 6005 Australia PO Box 1040, West Perth WA 6872 Australia
Phone: +61 8 9321 3445 Fax: +61 8 321 3449 Email: [email protected]
www.uranlimited.com.au
Brzkov Deposit
Intensive exploration at Brzkov included 67 diamond drill holes for 22,112 metres, 132
trenches for 11,076 metres, 67 shallow shafts for 520 metres, and 33 underground diamond
drill holes for 5,891 metres. An exploration shaft was sunk to 5 Level, and bulk sampling in
1988-90 from 5 Level of an unknown tonnage produced 77 tonnes U3O8. The known
mineralisation extends to a depth of 450 metres below surface.
Veznice Deposit
Exploration on this deposit included 63 diamond drill-holes for 17,597 metres, 86 trenches for
9,863 metres, and 52 shallow shafts. The main structure has been explored over a length of
about 1,500 metres.
Polná Deposit
Exploration on this deposit included 42 diamond drill-holes for 13,717 metres, 58 trenches for
5,588 metres, and 36 shallow shafts totalling 305 metres. The area was tested by small open
pits and a bulk sample of unkown grade produced 13.2 tonnes U3O8. The deposit consists of
lenticular bodies of variable grade and width over a strike length of 325 metres.
Six other prospects were identified within this area over a strike length of 1,900 metres. Structural
mapping, some drilling, trenching and small trial open pit mining was carried out.
Meetings are well underway with mayors and councils of the 7 towns and villages in the area of the
applications, to seek their support for grant of the exploration permits. A meeting with about 45
members of municipal councils was held this evening at Polna to discuss the applications.
Hearings on the grant of 3 of 4 of the applications commence this week, however no decision on
grant of the applications is likely before late July 2007.
Kate Hobbs
MANAGING DIRECTOR