These assays, which were drilled on the Mecsek South target will now be used to generate an upgraded JORC Inferred Resource for the Mescek Hills Uranium Project, which currently stands at 17MT at 0.08% U3O8 for 30Mlbs of U3O8, which is expected to be published in June.
Uranium mineralization was intersected in all five of the confirmatory holes drilled on the Mecsek South target area on the MML-E license. The MML-E license is held by project partner Mecsek-Oko and forms part of the Mecsek Hills Uranium Project with WildHorse’s Pecs and Abaliget licenses.
WildHorse and state-owned Mecsek-Oko have an agreement to jointly develop the Mecsek South target, which is an extension of the current JORC Inferred Resource area on WildHorse’s Pecs license.
This confirmatory drilling program, which commenced on the MML-E license on December 5, 2009, was specifically designed to be combined with the substantial volume of historical drilling data with the objective of generating an Inferred Resource from the MML-E license area.
Any Inferred Resource generated on the Mecsek South Target would be in addition to the existing JORC Inferred Resource on WildHorse’s adjacent Pecs license (reported at above 400ppm U3O8) of 17MT at 0.08% U3O8 for 30Mlbs of U3O8.
This first phase of assay results have come from ALS Chemex, for samples submitted from two of the five drill holes (WHE-4637 and WHE-4637G) to their laboratory in Spain.
