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URANIUM - Kurundi drill target identified E-mail

Assay results from Northern Uranium"s Kurundi uranium project confirm an 800 metre long drill target with potential for extension.

Kurundi is 100km south-east of Tennant Creek in the Northern Territory.

Recent mapping and sampling south-east of the Munadgee shafts at Kurundi followed a 1km-long uranium-anomalous trend defined by airborne radiometrics. The radiometrically anomalous trend is sub-parallel to strike extensive chert/quartz veins which form a ridge trending south-east from Munadgee. Additional chert/quartz veins were located about 500m from the shaft.

The uranium mineralization associated with chert/quartz veins is potentially open to the south-east where it is interpreted to continue under alluvial/colluvial cover along a structure identified from aeromagnetic data.

A rock chip sample 3km south-east of the area of outcrop assaying 55ppm uranium with 367ppm copper could indicate the potential continuation of the mineralized zone. This area will be further explored using rotary air blast and/or aircore drilling.

Northern's executive chairman Kevin Schultz says the geological/structural setting at Munadgee has similarities with that of the Kintyre uranium deposit in Western Australia. "The projection of the trend of the Munadgee mineralization to the south-east coincides with an interpreted major fault zone alongside a regional unconformity in the metasedimentary stratigraphic sequence.

"At Kintyre uranium mineralization occurs in narrow high grade veins concentrated in discrete zones, within sheared and altered chlorite schist. Northern's exploration programs will be looking for this type of uranium deposit at Kurundi, as well as following up the outcropping mineralization."

 
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