The firm has discovered the new mineralized area, which is located 20km south from the earlier discovered trends, with an is an interval of 1.81% U3O8over 0.75m including 6.67% U3O8over 0.15m.
The firm has completed a total of 27 auger holes, 3m deep on average, between the hand excavated pits.
High grade uranium mineralization was found in the form of carnotite hosted in unconsolidated and well sorted reddish and yellowish sands covered by calcrete.
Lower grade mineralization was hosted in green clays with carnotite occurring along parting planes.
The mineralization style and geological setting at IVANA are similar to the Langer Heinrich mine in Namibia.
