SOUTH PERTH, Western Australia, June 5 /CNW/ - Extract Resources ("theCompany"), (TSX:EXT;ASX:EXT), a Uranium exploration company with projects inNamibia, Africa, today announced that down hole spectral logging of recentlycompleted Reverse Circulation drill holes at Rossing South continues tointersect significant uranium intersections.
These additional intersections further support the Company's view that alarge high grade alaskite dyke swarm is present under alluvial cover atRossing South.
Deep RC drilling to date now covers four kilometres of strike length on aline spacing varying from 1.6 kilometres to 400 metres. Angled holes are sitedat 80 metre intervals along drill lines. Potentially economic uraniummineralisation has been returned from every drill traverse tested to date. Themineralisation remains open to the north and south and at depth.
Standout intersections returned from the most recent down holespectrometer surveys include:
-------------------------------------------------------------------------Hole ID From To Mineralised zones (m) (m) (eU3O8)
-------------------------------------------------------------------------RRC035 123.0 155.7 32.7m at 866 ppm------------------------------------------------------------------------- and 188.2 201.8 13.6m at 1,773 ppm-------------------------------------------------------------------------RRC036 83.0 196.3 113.3m at 486 ppm------------------------------------------------------------------------- including 134.6 184.9 50.3m at 856 ppm-------------------------------------------------------------------------RRC030 149.2 284.3 135.1m at 260 ppm------------------------------------------------------------------------- including 206.5 272.8 66.3m at 352 ppm-------------------------------------------------------------------------
Note: eU308 refers to equivalent U308 grade derived from spectralgamma logging.
The downhole logging was performed by Terratec Geophysical Services, aNamibian based geophysical contractor using a spectral logging tool which hasbeen recently calibrated at the Pelindaba facility in South Africa. It shouldbe noted that spectral radiometric assays remain provisional until chemicalassays can be returned.
Hand held spectrometer readings taken from the bulk RC samples collectedon surface indicate that broad zones of uranium mineralisation continue to beintersected within uraniferous alaskite.
Drilling will continue at Rossing South, with two Reverse Circulationdrill rigs testing the boundaries of this large mineralised system.
