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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	NGM

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NGM Resources Full NGM Resources profile here

NGM Resources (ASX: NGM) is a diversified mineral exploration company with a focus on uranium and base metals. Headquartered in Perth, the company has agreements covering uranium exploration projects in Niger, West Africa, and metal exploration projects in Madagascar, Southern Africa.

NGM Resources reports high grade uranium intersections in Niger, West Africa

Friday, November 06, 2009

Perth based uranium miner, NGM Resources (ASX: NGM) has reported new high grade intersections at Takardeit in Niger, West Africa including 3.0m @ 0.12% (1,200ppm) eU3O8 from 4.5m depth.

At Takardeit North intersections included 0.7m @ 0.18% (1,800ppm) eU3O8 from 16.8m depth, confirming a new high grade mineralisation target area.

Interestingly with an eye to the future, uranium mineralisation >100ppm eU3O8 was identified in 39 of 50 holes drilled over the two prospects.

A new area of mineralisation was identified at Takardeit East which will be tested in the current program.

Director Rob Kirtlan said “drilling at Takardeit and the new target area Takardeit North, is continuing to provide a suite of high grade and broad mineralised zones."

“The program still remains small in nature with just 2,700m having been drilled and reported to date from the July and current program.

The drilling at Takardeit and Takardeit North not only provides potential for economic mineralisation, it also highlights the highly prospective nature of our tenements in the Tim Mersoï basin."

The company holds 1,500km2 of which the current program is focusing on just 50km2.

He said the company took encouragement form fieldwork at nearby Takardeit East, suggesting the opportunity for more mineralisation and test drilling will be undertaken at this site in the coming weeks.

Diamond drilling of higher grade zones is being undertaken to provide further geological information and check assay analysis.

Drilling is anticipated to run well into December with the next batch of results due by late November with a further release upon completion of the program before Christmas.

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