ggy will do well today - uranium!!

News, late friday !!!!!!

GLENGARRY CONFIRMS SIGNIFICANT URANIUM MINERALISATION AT OASIS

Highlights:
10 metres @ 0.12% U3O8intersected in diamond drill hole LYD001. 7 metres @ 0.17% U3O8intersected in diamond drill hole LYD002. Preliminary assay results have been received for a two hole, diamond core drilling program
completed at the Oasis uranium prospect on Glengarry Resources Limited's wholly owned Greenvale Project in North Queensland (Figure1). The drill program was designed to confirm intersections reported from drilling in 1978 and to provide material for geotechnical and metallurgical assessment. Significant intercepts recorded from Glengarry's recent drilling are listed in Table 1.

Table 1: Significant U3O8(0.05% lower cut) assays Hole Easting NorthingDepth (m) From (m) To (m) Intersection (m) U3O8(%) U3O8(lbs/t)54 64 10 0.12 2.64 LYD001 230573 7918732 100 including61 62 1 0.25 5.50 34 41 7 0.17 3.74 36 37 1 0.38 8.36 LYD002 230588 7918685 65 including and 39 41 2 0.21 4.62 U3O8­ uranium oxide, lbs/t ­ pounds per tonne

The recent drill results compare well with intersections reported from the 1978 drilling. Esso Minerals drilled 32 diamond holes and 14 percussion holes at the Oasis prospect in 1978 and intersected significant uranium mineralisation over a strike length of approximately 300 metres. The mineralisation is open at depth.

:)
LC