RNS Number : 0954V
Uranium Resources PLC
22 May 2008
Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration
22 May 2008
Uranium Resources plc ("Uranium Resources" or "the Company")
Activity Report Released By JV Partner Western Metals Ltd
Uranium Resources plc, the AIM quoted uranium exploration and development company
operating in Southern Africa, is pleased to provide an
update released by its joint venture partner, Western Metals Ltd ('WMT'), announcing the
re-commencement of RC-Drilling at Uranium
Resources' southern Tanzanian Uranium projects and the commencement of a high-resolution
airborne radiometric survey.
A copy of WMT's announcement along with a regional tenement plan will be available on
Uranium Resources website.
www.uraniumresources.co.uk
"Western Metals (ASX:WMT) is pleased to announce that RC drilling has re-commenced at its
Uranium Projects in Southern Tanzania. We are
also pleased to announce the commencement of a high-resolution airborne radiometric survey
over parts of the Ruvuma Project area.
"An aggressive regional and prospect specific exploration effort consisting of airborne
and ground geophysics, geological mapping,
geochemical sampling, costeaning and RC drilling is planned for 2008. The 2008 programme will
continue to build on the successes of the
2007 exploration effort, focusing on evaluation of existing targets and will also aim to
generate new targets that will feed the project
"pipeline" and will deliver drill targets for 2009.
"Mtonya Project Area - The focus of exploration during 2008 will be RC evaluation of
prospects along the Mtonya corridor and in
particular the Grandfather, Rufus, Para extensions and Mad Fish. Initial estimates are for
approximately 8,500metres of RC drilling.
"RC drilling will initially be aimed at evaluating the Grandfather prospect where previous
trenching of airborne ground radiometric
surveys and surface grab sampling (4.64% U3O8, 0.02% U3O8) returned significant results from a
series of 5 trenches excavated over a strike
of 1.4 kilometres. Visual uranium mineralisation was identified in several trenches with:
* T25 giving a peak interval of 1.2 metres at 7,723ppm U3O8, including 0.4 metres at
2.13% U3O8;
* T27 giving a peak interval of 4,773 ppm U3O8 and 1.2 metres at 2,393ppm U3O8; and
* T28 giving a peak interval of 1.2 metres at 746ppm U3O8.
RC Drilling will also continue to extend, infill and test areas of known Uranium
mineralisation at the Henri, Para, Rufus and Moysten
Prospects.
"Ruhuhu Project Area - The focus of exploration during 2008 will be evaluation of regional
potential and RC drilling of existing
prospects in particular the Pedro and Ngaka anomalies. This will include 1,000metres of RC
drilling to drill test the Pedro and Ngaka
anomalies. Work will include helicopter supported reconnaissance, geological mapping,
costeaning, ground geochemical, geophysical surveys,
RC drilling and rehabilitation.
"Ruvuma Project Area - The focus of exploration during 2008 will be regional
reconnaissance with a view to defining targets for
follow-up in 2009 as well as a ground geophysical work, sampling and RC drilling campaigns to
evaluate the recently defined Foxy and Eland
prospects. This will include 3,000metres of drilling. Work will include a helicopter supported
reconnaissance, an airborne radiometric
survey, geological mapping, costeaning, ground geochemical, geophysical surveys, RC drilling
and rehabilitation."
**ENDS**
For further information please visit www.uraniumresources.co.uk or contact:
James Pratt Uranium Resources plc Tel: 07747 832 043
Ross Warner Uranium Resources plc Tel: 07760 487 769
Hugh Warner Uranium Resources plc Tel: +33 643 916 003
Hugh Oram Nabarro Wells & Co. Limited Tel: 020 7634 4705
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177
Felicity Edwards St Brides Media & Finance Ltd Tel: 020 7236 1177
Notes to editors
Uranium Resources plc is an AIM listed uranium exploration and development company focused
in Southern Africa. The Company has primarily
concentrated on expanding and developing its portfolio of uranium licences in the highly
prospective Karoo Basin in Southern Tanzania where
it currently has a land package in excess of 13,500 sq km.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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