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.