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Market: ASX
Sector: General Mining
Epic: ASX:ACB
News: Latest news
Web Site: A-Cap Resources
Other Articles: 03-12-200927-11-200928-09-2009

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A-Cap Resources

A-Cap Resources

A-Cap is an ASX listed company with a preeminent uranium exploration company in Botswana and aims to maintain and grow its extensive exploration Uranium portfolio in Botswana.  It seeks to capitalise on its first mover advantage through aggressive “in ground” uranium exploration and become Botswana’s first uranium producer.
Monday, September 28, 2009

A-Cap Resources expands drilling at Letlhakane uranium project in Botswana

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Uranium developer A-Cap Resources (ASX: ACB) has reported that drilling and sampling for metallurgical testwork will be used in the Bankable Feasibility Study at Letlhakane uranium project in Botswana is complete.

Investors may recall that A-Cap raised $10 million in May to complete of a BFS and for further exploration to increase the uranium resource base.

Current inferred resources at Letlhakane is 280 Million tonnes at a grade of 158ppm U3O8 for 98 million pounds of U3O8 (44,500 tonnes) a cut off grade of 100ppm.

Andrew Tunks managing director of A-Cap said the company encountered significant thicknesses and grades of uranium mineralisation were encountered at Gorgon and Kraken targets during resource infill drilling.

The company is drilling for extensions outside the resource area at five exploration targets to explore for new areas of mineralisation.

The final round of metallurgical drilling and sampling for the BFS is now complete, 6 diamond holes to collect sufficient material for the variability testwork on the primary ore remain to be completed.

Sampling from the large scale trenching has also been completed and samples will be sent to SGS laboratories in Perth by the end of September.

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