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Emu Nickel shares rise on WA uranium find

Published: 17:59 29 Apr 2010 AEST

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Emu Nickel (ASX: EMU) has completed first pass soil sampling at its 100%-owned Barlee South uranium prospect situated 200km NNE of Southern Cross, Western Australia.

The sampling targeted an area of anomalous radiometric responses evident in regional survey data.

Uranium values up to 823ppm (0.97kg U3O8 per tonne) have been obtained from this sampling, outlining three anomalous areas within a clay pan and lake embayment on the edge of Lake Barlee.

The sample spacing ranged from 200m x 200m to 200m x 400m. The main anomalous area is 700m by 400m in area and averages more than 200ppm U in soils based on a 50ppm U threshold.

The northern two anomalies are 900m and 2000m long respectively and 100-200m wide based on the 50ppm U threshold.

The uranium anomalism is associated with calcrete occurrences and remains open in several directions. Extensive deposits of calcrete have been mapped to the south of the anomalous areas.

Emu is preparing to extend the area of sampling, including the calcrete area to the south, in order to outline the full extent of the anomalies and to define drilling targets at this new calcrete uranium prospect.

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