Ngalia Thrust Drill Geochemical Results
19/Mar/2009
Latest technology employed to further define uranium discovery
Uranium Exploration Australia Limited (ASX: UXA) is pleased to announce encouraging assay results from its latest diamond drilling program at Crystal Creek Prospect (Ngalia Thrust Project) in Northern Territory.
Geochemical assay results returned uranium values of up to 208ppm U3O8 over one metre from isolated drill holes.
A first stage diamond drilling program was completed at Crystal Creek totalling 9 holes for 1,014 metres in December 2008. The drill program was designed to investigate surface anomalism in rock chip samples and spectrometer surveys within an area of altered granite.
UXA has employed a relatively new technology within the Australian uranium sector in prompt fission neutron tool (PFN) to define the Crystal Creek discovery. PFN was used to log seven of the drill holes and has returned gamma and PFN peaks in all 7 holes. The anomalous zones were sampled in one metre intervals and the samples submitted to Genalysis Laboratories. Anomalous uranium and vanadium values, up to 208 ppm U3O8 and 373 ppm V, were returned as detailed in Table 1. The elevated uranium values are associated with clay, iron and pink - red, possibly potassic altered granite. Elevated values of Rare Earth Elements, Cerium (up to 516 ppm), Lanthanum (up to 159 ppm) and Neodymium (up to 229 ppm) were also recorded from some samples.
The Ngalia Thrust licence is 100% owned by UXA, and covers an area of granite intrusions forming the basement to the Eclipse Sandstone that hosts Energy Metal's Bigrlyi uranium prospect, 30km to the west.
The Company is preparing plans for the 2009 field program to follow up this anomalism seeking both granite-hosted and re-mobilised uranium deposits in overlying creek sediments.
For further information contact:
Russell Penney
Managing Director
Tel: +61 8 8363 7970
Email: info@uxa.com.au Website: www.uxa.com.au
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