Copper Bore Well ProjectThe Copper Bore Well uranium, copper,...

Copper Bore Well Project

The Copper Bore Well uranium, copper, silver prospect (E08/1555) covering some 10,130 hectares, is located approximately 100km to the southeast of Onslow, and approximately 100km to the east of the Manyingee uranium deposit which is 100% owned by Paladin Resources Ltd and contains an Inferred Resource of 12,000 tonnes of U3O8 at a grade of 0.08%.

The Copper Bore well prospect hosts previously identified copper-uranium mineralisation in shear zones in the Boolaloo batholith and adjacent to a contact with overlying Ashburton Formation sediments. During the late 1970’s Esso completed some shallow air track drilling of the shear zone down to 26m deep with best results being 2m @ 1.43% Cu, 4.5g/t Ag, 62ppm U; and 3m @ 2.50% Cu, 9.3g/t Ag and 120ppm U.