re: tez : wmt ready to take off.... JOINT VENTURE WITH URANIUM RESORCES UK
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Uranium Resources PLC
31 October 2006
Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration
Uranium Resources plc
Exploration Update
Highlights of Henri anomaly uranium exploration
• trenching and ground mapping have indicated three sub-horizontal anomalous
layers each separated by approximately 8 vertical metres of sediments.
• this style of mineralisation is considered typical of roll front uranium
deposits.
• 100 samples were collected and submitted for analysis and results will be
published on receipt.
• ground radiometric surveys identified several anomalous areas of
radioactivity over an interpreted strike length of 2 kilometres and a width
at surface ranging from 100 to 300 metres.
Background
Uranium Resources plc, the AIM listed uranium exploration and development
company, is pleased to offer the following exploration update in respect of the
Henri anomaly which is located in the Mtonya project area of southern Tanzania.
The work has been conducted by our farm-in partner, Western Metals Limited (ASX:
WMT; www.westernmetals.com.au).
Field checking of an airborne radiometric anomaly, as previously announced, gave
a peak surface spot assay of 980ppm U3O8. A field crew spent two weeks in the
area during August 2006 conducting ground based radiometric surveys, trench
digging and sampling, geological mapping and surface sampling.
The ground radiometric surveys identified several anomalous areas of
radioactivity over an interpreted strike length of 2 kilometres and a width at
surface ranging from 100 to 300 metres.
Exploration results
Trenching was conducted on several of the anomalous areas with five trenches dug
to approximately 1.5 metres depth. The trenches were extensively sampled.
Surface samples were also collected from shallow sample pits over the anomalous
zones. A total of 100 samples were collected and submitted for analysis. The 100
samples are currently being analysed and results will be published on receipt.
Airborne radiometric anomalies occur along strike to the south west and north
east over a further 5 kilometres (i.e. a total of 7 kilometres). The full
extent of the anomaly remains to be determined.
The interpretation of the radiometric data indicates the existence of three
sub-horizontal anomalous layers each separated by approximately 8 vertical
metres of sediments. Drilling will be required for further evaluation at depth.
This style of mineralisation is considered typical of roll front uranium
deposits.
Further exploration
A further field program is planned for November and December with the aim of
extending the detailed ground based radiometric evaluation of the trend,
particularly to the north east, and continuing to conduct trenching and sampling
over anomalies.
Qualified Person's Declaration
The information in this report that relates to Exploration Results, Mineral
Resources or Ore Reserves is based on information compiled by Dr Joseph
Drake-Brockman who is a Member of The Australasian Institute of Mining and
Metallurgy. Dr Drake-Brockman is employed by Drake-Brockman Geoinfo Pty Ltd. Dr
Drake-Brockman has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which
he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves', and a Qualified Person as defined in the March 2006
Edition of the AIM Guidance Note for Mining, Oil and Gas Companies. Dr
Drake-Brockman consents to the inclusion in the report of the matters based on
his information in the form and context in which it appears
WMT
western metals limited
