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URANIUM - High uranium content water sampling results for Mindax E-mail

Mindax has received encouraging results from water sampling conducted throughout its Yilgarn Avon Uranium Joint Venture Project I Australia, during February.

A sample from the Lake Campion project area measured 1128ppb U, the highest value to date from the Yilgarn Avon Uranium Project and directly comparable to the 1200ppb U historically reported from waters within the Yeelirrie uranium (carnotite) orebody.

The outstanding value was part of a cluster of high results (> 100ppb U), including another of 843ppb U, from sampling in the Elachbutting Hill area.

Planning is well advanced for a follow-up drilling program starting in April.

Mindax managing director Greg Bromley says the joint venture work represents the first uranium exploration in the area.

"The results reinforce the very high uranium contents of the upper Salt River palaeochannel," Greg Bromley says.

"Therefore our exploration is focused on identifying sites along the palaeochannel where uranium may have been deposited."

Mindax and its 50% joint venture partner, Quasar Resources, control 145km of palaeodrainage along the Salt River, from the Lake Campion group in the north-east to the Yenyenning Lakes in the south-west.

Quasar is an affiliate of uranium producer Heathgate Resources.

 
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