UraMin drilling finds high grades

Drilling for a feasibility study on the Bakouma project in the Central African Republic has cut a number of long, high-grade uranium intersections.

Operator UraMin (UMN-T, UMN-L), which owns a 90% interest in the project, is working on a program of infill drilling on the property’s Patricia deposit, and has completed about 35,000 metres of reverse-circulation drilling to bring the drill density to 50-metre centres. Six recent holes all cut hgih-grade uranium mineralization over 20 metres or more.

The best intersection came from hole PRC-078, which cut 24 metres grading 4.17% U₃O₈. A 62-metre intersection in hole PRC-083 averaged 0.81% U₃O₈.

Four other holdes showed grades ranging from 0.27% to 0.61% U₃O₈.

Previous operators calculated the resource at Patricia and Bakouma’s other deposit, Mpatou, to be 7 million tonnes grading 0.27% U₃O₈. uraMin expects to have a resource figure complying with National Instrument 43-101 in the third quarter of the year.