Proactive Investors - Run By Investors For Investors

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.

 

View full ACB profile View Profile

A-Cap Resources Ltd Timeline

Newswire
June 20 2016

Related Articles

A vanadium ore stockpile at Nelly
August 31 2018
The country’s favourable regulatory system enables faster turnaround of legacy mining rights.
electric car
July 20 2018
Commissioning at Sonora is intended for the first-quarter of 2020
Breaking first ground at the HPA plant site
August 10 2018
Stage I construction at Johor site kicks off with a geotechnical drilling and ground survey program.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use