Summit says uranium in four holes at Skal 15:26, Thursday, 29...

Summit says uranium in four holes at Skal
15:26, Thursday, 29 June 2006

Sydney - Thursday - June 29: (RWE Australian Business News) -
Summit Resources (SMM) reports consistent widths and grades of uranium
vanadium mineralisation have been encountered at Skal in the latest four
drill holes.
The Skal deposit, one of eight uranium deposits being drilled by
Summit, is 32 kilometres north of Mount Isa city in northwest Queensland
on EPM14048.
Multiple zones of uranium mineralisation have been encountered
in all four drill holes reported from Skal including 13 metres at
2.21lb/t (0.10%) uranium oxide (U3O8) and 1.39lb/t (0.06%) vanadium
pentoxide (V2O5) in SKDDH11; 31 metres of 1.96lb/tU3O8 (0.09%) and
1.25lb/tV2O5 (0.06%) in SKDDH12 and 7 metres of 2.99lb/tU3O8 (0.14%) and
1.10lb/tV2O5 (0.05%) in SKDDH13. Grades up to 11.93lb/tU3O8 (0.54%) and
3.15lb/tV2O5 (0.14%) over metre intervals have been encountered in the
latest drilling at Skal.