Proactive Investors - Run By Investors For Investors

Alliance Resources finds more uranium at Four Mile Project

Alliance Resources finds more uranium at Four Mile Project

Alliance Resources (ASX:AGS) has made further uranium intercepts from regional drilling at its Four Mile Project in South Australia.

The majority of the latest eight holes drilled at the southern end of Four Mile Northeast produced significant uranium intersections while two of the eight holes drilled north of Four Mile East were successful.

Significant intersections include:

-    10.9 metres at 0.59% pU3O8;
-    6.7 metres at 0.7% pU3O8; and
-    2 metres at 1.38% pU3O8.

Four Mile is located 550 kilometres north of Adelaide.

It has an estimated Resource of 9.8 million tonnes grading 0.33% U3O8, or 71 million pounds of contained U3O8.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full AGS profile View Profile

Alliance Resources Ltd Timeline

December 09 2014

Related Articles

April 29 2019
Kore Potash has completed a definitive feasibility study on the Kola project
January 16 2019
The company has been granted a key approval by the State Government to build processing plant and tailings storage facilities.
Finnish landscape
A milestone was reached in December last year, when the company announced a maiden inferred gold-cobalt estimate

© Proactive Investors 2019

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