wme stock alert

get on WME now ...check out their results with more to come.......if there is a Uranium play to make money on it's WME........

BLR is out of the race ......

WME RESULTS.......
Here they are:

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SIGNIFICANT DRILL INTERSECTIONS EXTENDS KNOWN MINERALISATION
MARENICA URANIUM PROJECT, NAMIBIA
HIGHLIGHTS
• Significant drill intersections extend known uranium mineralisation.
• Assay results include:
Hole Intersection U308 Depth
Width ppm
MAR013 5m 621 7 ¨C 12 m
MAR097 11m 409 28 ¨C 39 m includes 1m at 1632 ppm U308
MAR099 3m 376 26 ¨C 29 m
MAR046 5m 249 1 ¨C 6 m
• Further assay results expected shortly.
• Shallow mineralisation suited to low cost mining.
• Radon programme covering 60 sq km. to identify further extensions to known
mineralisation nearing completion.
• Down hole gamma logging programme well advanced, results expected shortly.
West Australian
Metals Ltd
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Drilling Results
West Australian Metals Ltd (WME) is pleased to report further significant uranium assay results from
its first drill programme completed over the Marenica Uranium Project, Namibia, late-April 2007
(Figure 1). The company is still waiting on results for about one-third of the holes sent for assay.
The latest assay results received include a thick and relatively high grade intersection (up to 0.16%
U3O8) in a covered section of the palaeo-drainage system over which little historic drilling was
conducted.
Two areas totalling 60 sq.km. are being covered by track etch (alpha) cups to detect radon gas
seepage from any uranium mineralisation deeper down in areas masked by recent alluvial sands.
Significant results received include:
Hole MAR-013 5 metres averaging 621ppm U3O8 (7-12 metres)
Hole MAR-097 11 metres averaging 409ppm U3O8 (28-39 metres) including 1m at 1632ppm U3O8
Hole MAR-099 3 metres averaging 376ppm U3O8 (26-29 metres)
Hole MAR-046 5 metres averaging 249ppm U3O8 (1-6 metres)
The locations of drill holes for which further results have been received and reported herein are
shown in Figures 2 and 3 with holes reporting assays greater than 100 ppm U3O8 listed in Table1.
Initial drill results from this programme were reported to the ASX on 31 May 2007.
Significantly, the most promising results received were from a north-south line of 180 metre spaced
holes extending a distance of 2 kilometres south of Mineralised Area 3 (Figure 3). This
reconnaissance profile tested for palaeo-channel related mineralisation in an area covered by recent
alluvium and where very little historic drilling had been conducted by Gold Fields of South Africa.
Intersections along this drill profile included 11 metres averaging 409ppm U3O8 between 28-39
metres including a 1 metre interval assaying 1,632ppm (0.16%) U3O8 (Hole MAR-097, Figure 3). An
intersection of 3 metres averaging 376ppm U3O8 (26-29 metres) was also recorded in hole MAR-099
a further 360 metres south. It is clear that drill testing in this area intersected a broad palaeo-drainage
channel system with rapidly changing basement topography masked by recent alluvial sheet wash.
Given the discovery of this mineralisation, a 5 sq.km area centred around this traverse has been
covered by track etch (alpha) cups to detect radon gas seepage from any uranium mineralisation
deeper down (see Figure 3). The results of this survey will also assist in planning future drill holes in
this area (see also section below).
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Figure 1: Location of Marenica Project and Other Uranium Projects, Central-West Namibia
All samples assayed were collected over one metre drill intervals with uranium analyses conducted by
SGS Lakefield and Genalysis laboratories using the pressed powder XRF technique.
Some of the holes drilled during the programme were not assayed as testing of samples with a
hand held scintillometer during the drilling operations indicated only background, or near
background, activity. All holes were subsequently down-hole logged with a gamma spectral
probe with final logs still to be received and evaluated.
Results for around one-third of the holes sent for assay are still to be received from the laboratories
which, as stated in the 31 May ASX announcement, are under considerable work loads. These delays
have been further compounded by disruptions caused by the instillation of new equipment. The latter
has prompted pulped samples to be re-directed to Australia for assay.
Excluding holes located along the north-south profile discussed above, the remaining reported
holes tested basement rocks containing, in places, secondary uranium mineralisation in weathered
and fractured zones, calcreted sediments along interpreted palaeo-drainage systems and a broad
regional radiometric anomaly near the centre of the licence, with some holes also designed to
validate historic drill data.
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Of significance are results for holes MAR-013 and 014 drilled on the western side of Mineralised
Area 3 from which area other promising results from relatively wide spaced holes were reported to
the ASX on 31 May 2007. Hole MAR-013 reported 5 metres averaging 621ppm U3O8 (7-12 metres).
Other previously reported results from this area have included 4 metres averaging 608ppm U3O8 (4-8
metres), 9 metres averaging 488ppm U3O8 (0-9 metres) and 6 metres averaging 467ppm U3O8 (0-6
metres), including 1m at 1033ppm or 1.03% U3O8.
Hole UTM Intersections ¡Ý 100ppm U3O8
East
UTM
North
Depth
(m) Dip From To Interval
ppm
U3O8
MAR013 490022 7577211 15 -90 7 12 5 621
Incl. 8 10 2 1090
MAR014 490023 7577090 16 -90 1 4 3 143
And 9 10 1 323
And 13 15 2 325
MAR033 491,985 7,578,125 20 -90 18 19 1 130
MAR034 491985 7578245 19 -90 4 5 1 125
And 7 9 2 105
MAR035 491985 7578365 20 -90 5 6 1 118
MAR038 491985 7578725 19 -90 1 2 1 101
MAR041 491186 7578889 15 -90 0 2 2 172
MAR042 491186 7578984 15 -90 0 4 4 198
And 10 11 1 167
MAR043 491183 7579065 15 -90 1 4 3 122
MAR044 491184 7578806 15 -90 1 3 2 153
MAR045 491183 7578727 15 -90 2 6 4 115
MAR046 491185 7578645 15 -90 1 6 5 249
MAR047 491187 7578566 14 -90 0 2 2 120
MAR048 491195 7578486 15 -90 0 3 3 203
MAR049 491186 7578405 15 -90 4 8 4 179
MAR051 489707 7578689 15 -90 1 5 4 157
MAR052 489707 7578767 15 -90 0 5 5 210
MAR094 491577 7576290 15 -90 11 12 1 140
MAR097 491580 7575750 50 -90 28 39 11 401
Incl. 28 29 1 1632
MAR098 491580 7575570 50 -90 32 33 1 100
MAR099 491580 7575390 50 -90 26 29 3 376
MAR101 491580 7575040 50 -90 20 23 3 267
MAR141 488480 7573240 50 -90 2 3 1 130
Table 1: Significant Drill Results - Intervals ¡Ý100ppm U3O8
An initial reconnaissance programme consisting of widely spaced vertical holes 15 to 50 metres
deep was drilled along four lines west of Mineralised Area 4, and outside the historic resource
area defined by Gold Fields. The programme was designed to test a broad low order regional
radiometric anomaly and to better define parts of the main palaeo-drainage channel obscured by
recent alluvium. Holes spacings were 180 to 360 metres, with drill profiles up to 7.5 km apart.
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While no significant mineralisation was recorded in this initial programme, many of the holes
failed to penetrate basement and therefore did not adequately test the palaeo-channel for
secondary mineralisation, or the underlying basement for primary mineralisation. The results
however have highlighted that the main paleao-channel in this part of the licence exceeds 50
metres depth and follows a major structure. Further evaluation of the main palaeo-channel which
exceeds 30 km in strike length is being conducted including down-hole gamma probing of
historic holes identified in the area. An assessment of the prospectivity of this part of the licence
for secondary mineralisation will be reported once additional data has been received and
evaluated.
Figure 2 ¨C Locations of Reported Drill Holes ¨C Central Sector, EPL3287.
Drilling results received to date indicate at least three styles of secondary uranium mineralisation
to be present in the project area.
1. Relatively thin, shallow (generally less than 5 metre below surface) uranium mineralisation in
calcreted and/or gypcreted recent (alluvial) sheet wash composed mostly of gritty sand. This
mineralisation is the cause of a large number of radiometric anomalies in the area and constitutes
significant uranium deposits in the immediate region of the project.
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2. Uranium mineralisation in weathered (and often fractured) granite/alaskitic bodies. The
source of this mineralisation is likely to be the host rock. This secondary mineralisation does not
generally extend below 10 metres of the surface and the presence of deeper primary uranium
remains untested and a target for future exploration.
3. Uranium mineralisation in buried palaeo-channels. Drilling has shown that these drainage
systems can exceed 50 metes depth with basement topography and channel width varying
considerably over short distances. Because of their concealed nature - and general lack of
radiometric expression ¨C it is clear that their positions and mineralisation potential was not fully
investigated by the historic drilling programmes with large untested sheet wash covered areas
present east of Mineralised Areas 1 to 4 and in the south east corner of the licence.
Figure 3 Locations of Reported Drill Holes ¨CEastern Sector, EPL3287
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Radon Programme to Identify Further Extensions to Known Mineralisation
A radon gas programme utilising track etch cups is well advanced over two areas (Areas 1 and 2
Figure 4) totalling 60 sq km in the eastern sector of the licence. The programme is targeting
possible uranium mineralised palaeo-channels masked by alluvial cover in areas where little
(Area 1), or no (Area 2), drilling has been conducted in the past.
Figure 4. Location of Track Etch Areas 1 and 2 with respect to the Palaeodrainage
Yours faithfully,
Leon Reisgys
Technical Director and Acting CEO
Information in this report that relates to exploration results reflects information
compiled by Leon Reisgys FAusIMM and Technical Director of West Australian
Metals Ltd who has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he
is reporting on as a Competent Person as defined in the 2004 Edition of ¡°The
Australian Code for Reporting Exploration Results, Mineral Resources and Ore
Reserves.¡± Mr Reisgys consents to the inclusion in this report of the matters based
on the information compiled by him, in the form and context in which it appears.