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3/19/2017 by mdc
Ian Lyall reports that uranium mine developer Berkeley Energia Limited unveiled outstanding results from the latest drilling on the Zona 7 portion of its Salamanca Project and sketched out plans to maximize the potential of its land holding in western Spain. The latest work on the near-surface deposit uncovered a 12-meter section of uranium mineralization (U3O8) at 1,003 parts per million (ppm), including one-meter at 2,464 parts per million. A second hole delivered two meters at 2,002 ppm, including a one-meter interval at 3,761 ppm.

These high grade intercepts immediately below Zona 7 are extremely encouraging and point to a potential resource upgrade, indicating that there could be still more upside to come (aka increased reserve base) from the Salamanca mine, said managing director Paul Atherley.

The current focus of the Berkeley is on mine development (a heap leach operation), with work already underway and the team talking to potential financiers of the project. The company plans to bring in strategic partners (aka a large mining company?) that will help it tap the full potential of its exploration tenements. They would be expected to bring extensive multi-commodity exploration experience and the very latest expertise, Berkeley said.

The exploration joint venture partner would need to draw on significant technical and financial resources and work with Berkeley to unlock the full potential of our 1,160 sq.km landholding within this heavily mineralized province, said Atherley.

Atherly recorded videos describing his development plans in greater detail during this period of uncertain, but likely increasing price of yellowcake.

Here is one of them ... http://bit.ly/2naR3XU

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Open Resource  |  2017/03/19  |  71 Report Broken   Tell Friend

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