• Field checking and sampling of new anomalies/targets interpreted from the above mentioned airborne and satellite studies in addition to validating the geological and structural interpretation. • Radiometric logging of historic drill holes. The results will be analysed and used in planning future drilling programs to allow calculation of a JORC compliant resource. • A radon survey to investigate areas covered by barren surface material for new concealed/blind uranium deposits within the interpreted palaeo-drainage system which extends over a distance of some 35 kms, and other target areas. Anomalies detected will be further evaluated by drilling. • Environmental and socio-economic studies. With the potential of the Marenica project considered very promising, and the long term outlook for uranium as a source of fuel for nuclear power generation looking strong, the Company is of the view that preliminary environmental and socioeconomic studies should be initiated sooner rather than latter to facilitate the preparation of an Environmental Impact Study (EIS) when required. A suitable drill rig and equipment is currently being sourced to allow a drilling program to be initiated following completion of the down hole logging program outlined in this report. The Company is encouraged by the results received to date from the Marenica Project and is looking forward to reporting further exploration results as the above programs are implemented and assessed.
WME Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
