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A-Cap Resources finds uranium rock chips with grades above 500ppm at Southern Pans

A-Cap Resources finds uranium rock chips with grades above 500ppm at Southern Pans

In very early stage exploration uranium has been identified in rock chips at the A-CAP Resources (ASX: ACB) Southern Pans Project in Botswana.

Of the 50 preliminary samples, the company said 14 have values over 100ppm and 27 over 50ppm.

Best results include; 575ppm, 499ppm and 444ppm.

This new discovery zone is in addition to the company's Letlhakane Uranium Project, which has a; 463 million tonne at 154ppm for 157 million pounds of uranium, established global mineral resource.

A-Cap is well funded after a recent $9.5 million placement to continue its exploration and development plans.

A SPP is also offered at the same price as the placement.

 



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Newswire
June 20 2016

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