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Additional Information
Market:ASX
Sector:General Mining
EPIC:UNX
Latest Price: 0.14  (-10.00% Descending)
52-week High:0.49
52-week Low:0.14
Market Cap:28.55M
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Uranex

Uranex (ASX: UNX) is uranium exploration and development company with a diverse pipeline of projects in Australia and Africa.

 

The company holds an extensive portfolio of uranium exploration targets in the east African nation of Tanzania, including an initial resource estimate for its Manyoni Project in the Bahi Region of central Tanzania. Uranex’s exploration activities in Tanzania have resulted in the emergence of two separate uranium provinces at Bahi and Mkuju.

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Uranex NL diamond drilling hits more uranium at Mkuju in Tanzania

Tuesday, December 21, 2010
Uranex NL diamond drilling hits more uranium at Mkuju in Tanzania

More uranium mineralisation has been identified at the Mkuju Uranium project, including a peak intersection of; 10 metres at 1038 ppm uranium, with the project wholly owned by Uranex NL (ASX: UNX).

The project is strategically located with known uranium in the area, adjoining the Mantra Resources (TSE: MRL) Mkuju River project, with a 101.4 million pounds at 422ppm uranium mineral resource.

The Uranex drilling program comprised 16 diamond holes along 5 kilometres of strike extent at Likuyu North, within a total project area covering 5000 square kilometres.

The company said the rig will remain on-site with drilling to resume in early 2011, once all existing 2010 drill data and past program data is evaluated.

Uranex's ultimate aim is to identify the extension of known mineralisation at Likuyu North.

 

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