The aim of this drilling program is to upgrade the current Inferred Resource of 31.5 million tonnes pf 0.35kg/t U3O8 and 2.5g/t Au to Indicated status before proceeding with a mining pre-feasibility study.
To date some 1342 meters of core has been bagged and recorded. Acclaim is currently awaiting these results.
A 3D geological model is being generated by CCIC of the geology in the vicinity of the old gold mine. This should give Acclaim a greater understanding of the geology of the area. A preliminary model, which should be available during the current quarter, will be tightened up with data received from current onsite work.
The target on the Property is the Mozaan Contact Reef of the Mozaan Group – a 3-4.5m thick conglomerate formation lying unconformably on the underlying Nsuze Formation with only the bottom 45 to 90cm of this pyretic conglomerate yielding anomalous erratic gold and uranium mineralisation.
A total of 266 (known) holes have been drilled on the Property and surrounding areas with the compilation of a geological map by Southern Sphere.
AEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
