UNIVERSAL COMMENCES NEW DRILLING PROGRAM Uranium and high grade copper-gold mineralisation are to be targeted in a new drilling campaign commencing within a few days’ time in the Company’s priority uranium and copper-gold project areas. Both areas are within the highly prospective Proterozoic Mt Isa Inlier and within 75 km of Mt Isa and Cloncurry. HIGHLIGHTS Mary Kathleen Project Area (MKPA) – Uranium This area has extraordinarily good potential to host hydrothermal uranium–rare earth mineralisation similar to that mined from the former Mary Kathleen mine, located immediately adjacent to the MKPA tenements. • A total of 1000 metres of drilling has been planned to test three anomalous areas, with peak assays from rock grab samples results as follows: Three Brunettes: 6.43% uranium, 1.91% cerium, 3.08% lanthanum, 0.28% yttrium Mt Harold: 5.30% uranium, 3.04% cerium, 2.07% lanthanum, 0.78% yttrium Mt Harold South: 4.32% uranium, 1.42% cerium, 2.33% lanthanum, 0.50% yttrium Each area has highly encouraging surface targets comprising gamma-ray scintillometer anomalies supported by uranium soil anomalies and assays from rock grab-samples. Nil Desperandum – Copper-Gold A 9 hole, 1100 metre RC and diamond drilling programme will further test the potential for this prospect to host moderate tonnages of high-grade copper-gold mineralisation. Previously announced results included some encouraging high-grade drill intersections, viz: • ND010: 20 metres at 2.40% copper, 0.27 g/t gold from 111 metres Incl. 6 metres at 5.26% copper, 0.77 g/t gold from 111 metres • NDR017: 19 metres at 2.32% copper, 0.56 g/t gold from 112 metres Incl. 10 metres at 3.53% copper, 0.86 g/t gold from 113 metres • NDR021: 6 metres at 5.22% copper, 0.84 g/t gold from 21 metres • ND012: 5 metres at 4.29% copper, 0.63 g/t gold from 113 metres • ND013: 11 metres at 2.11% copper, 0.27 g/t gold from 155 metres • ND005: 3 metres at 3.32% copper, 1.41 g/t gold from 29 metres
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