Sign up Australia
Proactive Investors - Run By Investors For Investors

Resource Star hits thick zones of uranium at Livingstonia in Malawi

Resource Star hits thick zones of uranium at Livingstonia in Malawi

Resource Star (ASX: RSL) drilling has confirmed near surface wide intersections of uranium at the Livingstonia Uranium project, located in Malawi.

Key uranium intersections included:

- 11.80 metres at 517ppm uranium, including 2.15 metres at 1,546ppm uranium from 78 metres;
- 33.95 metres at 338ppm uranium, including 12.10 metres at 575ppm uranium from 66 metres; and
- 21.65 metres at 306ppm uranium, including 8.70 metres at 552ppm uranium from 73 metres.

Andrew Bell, chairman, said "These are very pleasing results from Resource Star’s first drilling program on the Livingstonia Uranium Project, as we have been able to match the highest grades encountered to-date and may have appreciably increased the tonnage potential.

"An intersection of more than double the width found so far, with a grade above the JORC Resource defined to date, clearly indicates the upside potential that exists at Livingstonia.”

These strong results have provided the impetus for Resource Star to initiate a review of the existing JORC Resource, with a goal of boosting the contained metal.

The Inferred JORC Resource is; 7.7 million tonnes averaging 270 ppm uranium for a contained 4.6 million pounds of uranium.


Register here to be notified of future SRT Company articles
View full SRT profile

Star Striker Timeline

August 01 2014

Related Articles

Man on his phone
August 25 2016
Zamano's software is designed to assist companies with targeted, interactive, measurable online and mobile marketing campaigns.
March 08 2017
Turnover advanced 110% in the 12 months to December 31 to £22.1mln with two-thirds of 2015’s sales recurring in 2016.
Corero Network Security
February 10 2017
Contracts are taking longer to get over the line than anticpated, but the orders are still rolling in and the cyber-threat is not going to disappear

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use