massive drilling campaign-uranium

cuy after their float built their own drill rig,specially modified for uranium,plus their own water truck,their own ,not leased which gave them the capabilities to drill continuosly.they are currently drilling 1-1.5 holes a day and wire logging following the paleochanel over the next 18 months,recording all u-308 data knowing exactly where the high grades will be found,not drilling willy nilly,they are drilling the whole lot ,as to not miss anything.Drilling will continue during the next period with the aim of locating and testing the lower energy parts of the Yarramba palaeochannel in this area on a wider more reconnaissance scale. Hole spacings will be closed in where downhole logging shows signs of anomalous radioactivity, with the objective of defining the limits of possible uranium mineralisation.

Over the next eighteen months some 400 drillholes are planned on various targets within Curnamona Energy’s tenement area. The number of drillholes completed at each prospect area, and their precise locations will be subject to continuous review as logging results for each prospect area come to hand and are assessed. This drilling will be continuous subject to weather and mechanical availability of equipment. Any significant drilling and logging results will be reported to the market as they come to hand. Unlike conventional drilling, where assay results can take some weeks to finalise, downhole logging gives an instant read out of the radioactivity and hence likely uranium mineralisation in the vicinity.

Other target areas further north along the Yarramba palaeovalley and elsewhere in the Lake Namba palaeovalley and Oban prospect areas will be drilled subsequently. In view of the positive results of Curnamona Energy’s recent airborne electromagnetic survey, it is expected that this method will be employed in other prospect areas, in order to assist with drill targeting.

The outlook for uranium continues to remain positive as the result of global warming and energy issues. Curnamona Energy is therefore well positioned to benefit from this positive sentiment as it continues to explore its prospective tenement holding for new palaeochannel hosted uranium deposits.