exciting uranium watch in nt, page-3

cazzo

we must be the only one on this. i just keep picking more up. i thought and still do think mky is a good buy but after reading HDN's announcemnt yesterday i am all over it. U PLAYERS READ THIS NEWS

Haddington shares surge on uranium targets
3-April-07 by AAP

Latest News

Shares in West Perth-based Haddington Resources Ltd closed up 133 per cent after the junior explorer identified several new uranium targets at its Shoobridge project in the Northern Territory.

The company said research of historical data had identified several new targets at the project ahead of a planned exploration program at the site, 200km south of Darwin.

Haddington shares closed at 31.5 cents, up from the 14.1 cents it closed at yesterday.


The full text of a company announcement is pasted below


Haddington Resources Ltd is pleased to announce that several new uranium targets have been identified at its Shoobridge Project in the Northern Territory.

Ongoing literature research ahead of the commencement of an extensive field exploration program in April has revealed several new targets near the Company's Liberator Prospect (see ASX: Uranium Exploration - Lake Barlee & Shoobridge, 28 February 2007) where anomalous uranium mineralisation (costean sampling 8m@141ppm U (0.37 lb/t U3O8) has been reported.

Additional anomalous uranium values have been identified from previous exploration by Dominion Mining in the early 1990's, in three costeans approximately two kilometres to the north of the previously identified costean.

Significant values are:


19m @ 0.12% (2.63 lb/t) U3O8;
9m @ 0.18% (4.06 lb/t) U3O8 (inc 3m @ 0.53% (11.7 lb/t) U3O8);
8m@ 0.036% (0.79 lb/t ) U3O8;
and the presence of torbernite, a secondary uranium mineral, was reported.

Limited scout RC drilling by Dominion in the area returned:


9m @ 0.047% (1.03 lb/t) U3O8 & 0.098% Cu;
8m @ 0.027 (0.59 lb/t) U3O8 ;
with preliminary modelling of the data indicating that this drilling may be oblique to the uranium bearing structures.

The results from the two new targets correlated with anomalies defined in the 1999 Rum Jungle Airborne Radiometric Survey.

The Liberator Prospect covers anomalous uranium geochemistry and surface radiometric anomalies over a distance of approximately three kilometres. The Company considers these targets to be very encouraging and, with a number of other uranium radiometric anomalies defined in the airborne survey, these targets will be the focus of its forthcoming exploration program.

The up-coming exploration program will involve systematic geochemical sampling and ground mapping to define potential drill targets and results are expected in the next quarter.

Following evaluation of these results, the Company plans to commence drilling in the second half of the year.

The western margin of the Pine Creek Geosyncline is relatively under explored with prospectivity for unconformity and vein-type uranium mineralisation. Small uranium vein-type mines at Adelaide River, George Creek and Fleur de Lys are also located in this portion of the geosyncline.

The potential for the unconformity style mineralisation near the flat-lying Middle Proterozoic Tolmer Group, a similar geological model to the Alligator Rivers uranium deposits, is also being investigated.