Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBerkeley Eng Regulatory News (BKY)

Share Price Information for Berkeley Eng (BKY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 19.50
Bid: 19.00
Ask: 20.00
Change: 0.00 (0.00%)
Spread: 1.00 (5.263%)
Open: 19.50
High: 19.50
Low: 19.50
Prev. Close: 19.50
BKY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Drilling Report

5 Nov 2009 08:32

RNS Number : 0128C
Berkeley Resources Limited
05 November 2009
 



5 November 2009

BERKELEY RESOURCES LIMITED

Initial High Grade Drilling Results at the 

Salamanca Uranium Project

Berkeley is pleased to announce the initial results from the confirmatory diamond drilling program at the Mina D deposit in Spain.

All of the completed holes to date have intercepted their intended targets, with the thickness and grade of the intercepts providing strong confidence in the historic ENUSA results upon which Berkeley has based its exploration targets.

Three rigs mobilised to site on 14 October and the results of the first 4 holes are reported in Table 1 (NB. MDD-003 is still drilling). The results are based on down-hole gamma logging undertaken by Berkeley and are presented as equivalent U3O8 ppm grades or eU3O8. All of the mineralised intervals will be chemically assayed at a later stage.

Table 1 - Drill Hole Intersections

Hole ID

Northing

Easting

Elevation

Depth

From

To

Interval

eU3O8

 

(m)

(m)

(m)

(m)

(m)

(m)

(m)

(ppm)

MDD-001

701418

4500972

628.2

72

33.73

36.02

2.29

275

MDD-001

 

 

 

 

46.85

56.24

9.39

6,070

MDD-002

701395

4500984

627.7

84

41.25

44.42

3.17

332

MDD-002

 

 

 

 

52.19

54.95

2.76

278

MDD-002

 

 

 

 

56.92

68.44

11.52

881

MDD-003

701392

4500556

659.2

100

Drilling

MDD-004

701176

4500783

655.2

90

38.68

39.82

1.14

317

MDD-004

 

 

 

 

55.19

63.24

8.05

1,863

MDD-004

 

 

 

 

75.12

76.25

1.13

577

MDD-005

701440

4500644

640.6

65

29.26

31.26

2.00

315

MDD-005

 

 

 

 

36.40

41.42

5.02

1,583

Enquiries - Managing Director: Matt Syme Tel: +61 417 906 717

RBC Capital Markets:  Martin Eales Tel: +44 20 7029 7881

All of the intersections correlated well in both grade and thickness with nearby ENUSA roto-percussion and diamond drill holes.

Mineralisation is hosted in fractured phyllites and occurs as pitchblende in veinlets and on fracture surfaces. 

Mina D was previously mined by ENUSA and the unmined portions of the deposit are the first target for Berkeley's confirmatory drilling campaign. In addition to confirming the historic drilling results, this campaign is intended to provide a better understanding of the ENUSA Uranium Deposits and allow Berkeley to estimate JORC compliant resources. Further confirmatory drilling is expected to commence at the Sageras and Alameda South deposits in November.

Notes

The uranium grades reported in this release are annotated with a sub-prefix "e" because they have been reported as uranium equivalent grades derived from down-hole gamma ray logging results and so they should be regarded as approximations only. Equivalent U3O8 results may be affected by local disequilibrium caused by the mobility of uranium or the presence of radon.

The down hole gamma probe used is a digital GeoVista Natural Gamma Ray probe calibrated on a bi-monthly basis at the ENUSA custom built calibration test pit.

Down-hole gamma logging of drill holes provides a powerful tool for uranium companies to explore for and evaluate uranium deposits. This method measures the natural gamma rays emitted from the material surrounding a drill hole.

Drill hole co-ordinates are in UTM 29 ED 50 Datum grid and have been surveyed using a DGPS. 

Drill intersections are calculated using a 200 ppm eU3O8 lower cut-off with a minimum 1 metre intersection.

The geological units at Mina D are dipping at approximately 30º and the drill holes have been inclined to intersect the mineralisation at right angles so the intervals are approximately true thickness.

As a check on the down-hole gamma logging data, hand held scintillometer readings were taken along the mineralised sections of the core and averaged out every 50cm. These showed good correlation with the down-hole gamma readings and were used to identify sections which may have been affected by radon. The down-hole gamma results also confirmed visual observations of significant uranium mineralisation in all of the holes.

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Ross Corben, who is a Member of The Australian Institute of Mining and Metallurgy and an employee of Berkeley Resources Limited. Mr. Corben has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Corben consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLFSWSAISUSEEF
Date   Source Headline
4th Jan 20194:36 pmRNSPrice Monitoring Extension
4th Jan 201911:00 amRNSPrice Monitoring Extension
4th Jan 20197:55 amRNSChange of Director's Interest Notice x2
2nd Jan 20194:40 pmRNSSecond Price Monitoring Extn
2nd Jan 20194:35 pmRNSPrice Monitoring Extension
28th Dec 20187:59 amRNSReport on Payments to Govts
24th Dec 20187:55 amRNSHolding(s) in Company
20th Dec 20187:55 amRNSHolding(s) in Company
17th Dec 20187:55 amRNSHolding(s) in Company
30th Nov 20187:00 amRNSIssue of Incentive Performance Rights
22nd Nov 20187:32 amRNSResult of AGM
9th Nov 20188:00 amRNSChange of interests of substantial holder
29th Oct 20187:00 amRNSResponse to recent media reports
19th Oct 20187:00 amRNSNotice of AGM
18th Oct 20182:00 pmRNSPrice Monitoring Extension
17th Oct 20189:28 amRNSBerkeley responds to Spanish media reports
17th Oct 20189:06 amRNSSecond Price Monitoring Extn
17th Oct 20189:00 amRNSPrice Monitoring Extension
17th Oct 20187:00 amRNSASX Trading Halt
16th Oct 20184:40 pmRNSSecond Price Monitoring Extn
16th Oct 20184:35 pmRNSPrice Monitoring Extension
15th Oct 20187:00 amRNSQuarterly Report September 2018
28th Sep 201810:49 amRNSAnnual Report to Shareholders
22nd Aug 20188:33 amRNSChange of Director's Interest Notice
17th Aug 20187:00 amRNSIssue of shares, Performance Rights & Appendix 3B
30th Jul 20187:00 amRNSQuarterly Report June 2018
20th Jul 20188:00 amRNSSecurities Trading Policy
18th Jul 20187:00 amRNSBKY becomes Spain's only listed mining company
13th Jul 20181:00 pmRNSDealing to commence
9th Jul 20187:00 amRNSBerkeley announces further potential cost savings
4th Jul 20187:00 amRNSChange of Director's Interest Notice
2nd Jul 20187:00 amRNSSalamanca continues to receive stakeholder support
29th Jun 20188:44 amRNSIssue of shares and Appendix 3B
27th Jun 20187:11 amRNSHolding Announcement
13th Jun 20187:00 amRNSUranium ETF completes rebalancing of holding
6th Jun 20188:00 amRNSBerkeley Energia lists on Main Board of LSE
4th Jun 20187:00 amRNSPublication of a Prospectus
18th May 20189:29 amRNSExercise of Options
14th May 20187:00 amRNSAppointment of Chief Commercial Officer
2nd May 20187:00 amRNSIntention to list on Main Board LSE and in Spain
30th Apr 20187:00 amRNSQuarterly Report March 2018
26th Mar 20187:00 amRNSAppointment of Berenberg and Tamesis as Brokers
15th Mar 20188:41 amRNSHalf Year Accounts
6th Mar 20182:37 pmRNSHolding(s) in Company
9th Feb 20187:00 amRNSIssue of performance rights and Appendix 3B
6th Feb 20187:00 amRNSCompany Presentation
23rd Jan 20187:00 amRNSQuarterly Report December 2017
29th Dec 20179:06 amRNSAdmission of Previously Issued Shares to AIM
13th Dec 20179:22 amRNSNotice of Change of Interests
12th Dec 20174:48 pmRNSNotice of Change of Interests

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.