Black Range Minerals completes uranium drill program in US 31 Jan 2012 07:08:00 6 Views 0 comments Sydney - Tuesday - January 31: (RWE Aust Business News)- Black Range Minerals ( BLR; has advised that it has completed its inaugural drilling program at the Hansen and Picnic Tree Uranium Deposits in Colorado, USA.
Highlights
* Drilling to acquire additional technical data to update feasibility studies previously undertaken for the development of the Hansen and Picnic Tree Uranium Deposits completed.
* High-grade mineralisation intersected in drilling at the Picnic Tree Deposit, including:
* 6.1 metres at 0.203% eU3O8, including 4.3 metres at 0.277% eU3O8
* Metallurgical testing and mine design work commenced. Black Range Minerals Limited ( BLR; Black Range and the is pleased to advise that it has completed its inaugural drilling program at the Hansen and Picnic Tree Uranium Deposits in Colorado, USA.
A total of eight diamond core holes were drilled at the Hansen Deposit for 1,741 metres and a further three diamond core holes for 170 metres were completed at the Picnic Tree Deposit (see
These holes were drilled to obtain additional geological, geotechnical, metallurgical and hydrological data.
Data acquired will be used to update the previous feasibility studies that were undertaken into the development of the Hansen Deposit during the early 1980s.
Analytical results from recent drilling at the Hansen Deposit have been reported previously.
These included:
* 11.1 metres at 0.111% eU3O8, including 4.1 metres at 0.165% eU3O8, and 1.8 metres at 0.200% eU3O8
* 1.7 metres at 0.138% eU3O8
* 24.8 metres at 0.070% eU3O8
* 13.4 metres at 0.063% eU3O8
* 33.5 metres at 0.061% eU3O8, including 10.1 metres at 0.093% eU3O8, 4.3 metres at 0.100% eU3O8, and 1.5 metres at 0.171% eU3O8.
BLR Price at posting:
2.2¢ Sentiment: LT Buy Disclosure: Held
