These drilling results are from the continuing program at the Oshiveli and Onkelo Prospects and are directed towards the completion of a further mineral resource estimate as part of the ongoing feasibility study work for the Etango Project.
Assay results returned from an additional 35 RC drillholes and 1 diamond drillhole have highlighted the presence of further broad zones of mineralization close to the surface at both Oshiveli and Onkelo. These prospects are contiguous with the Anomaly A deposit and form the northern 3km strike length of the 6km long Etango Project uranium mineralization. These three deposits are currently the subject of a Preliminary Feasibility Study.
There remains a 375 metre long section between the Oshiveli and Onkelo Prospects which will be drilled during the remainder of the year. A small manually portable diamond drilling rig has recently been obtained to drill test the thick alaskite dykes which outcrop at the Oshiveli and Onkelo Prospects. The assay results for the first of these diamond drillholes is included in this drilling results update.
Drilling Program
Bannerman Resources has to date completed 136 RC drillholes for 36,180 metres at the Oshiveli Prospect and 92 RC drillholes for 18,983 metres at the Onkelo Prospect. Until recently, one RC drilling rig and one diamond drilling rig were operating in each of these two areas.
The RC drilling rig which was previously at the Onkelo Prospect has now been moved further to the south to join a third RC rig which is currently testing exploration targets to the south and west of Anomaly A. RC drilling has commenced to the north at the Oshiveli Prospect to fill the gap to the Onkelo Prospect, and diamond drilling will also be continuing at that location utilising one large and one small diamond drilling rig.
