soon to rumble....

Sydney - Friday - August 5: (RWE Australian Business News) -
Drake Resources Ltd (ASX code: DRK) has applied for two uranium
exploration licences covering 115 kilometres of calcrete-bearing
channels in Western Australia's Eastern Goldfields region, between
Wiluna and Leonora.
BHP Billiton's Yeerlirrie uranium deposit lies 50km north of the
applications. Yeerlirrie has a reported resource of 35 million tonnes at
1.5 kg/tonne uranium.
Exploration in the 1970s on the Bungalow Well property by Le
Nickel (Australia) Pty Ltd down-channel from the Drake applications has
demonstrated this channel system contains uranium mineralisation.
Managing director Dr Bob Beeson, who has extensive uranium
exploration experience in Australia, South Africa and the Middle East,
said, "Drake considers that these highly prospective and underexplored
tenements represent an outstanding opportunity to establish a uranium
exploration presence in Western Australia."
The announcement was made after the close of trading.