Australian Uranium News - Research
Published on Wednesday Nov 24 2010
Mega Uranium Ltd. (MGA.TO: News ) said Tuesday that it has completed a 1831 meter, eight hole diamond core drilling program at its wholly owned Kintyre Rocks project
in Western Australia.
Drilling was on a tenement adjoining the lease containing the Cameco-Mitsubishi joint venture's 79 million pounds U3O8 Kintyre resource, which is currently in prefeasibility.
The diamond drilling follows up on Mega's two previous reconnaissance drilling programs on the tenement which contributed to the identification of three buried uranium targets, all within a six kilometer radius of the Kintyre deposit.
According to the company, the drilling program has tested two of the targets, Area 1 and Gleneagles. Drilling of the third target, Southern Cross, was deferred to 2011 after problems were encountered in accessing the site.
Mega said its next phase of drilling in Area 1 will be based on the results of detailed structural and lithological logging of core. This information will be combined with geochemical vectors from all holes and a detailed interpretation of both ground electromagnetic and airborne magnetic surveys to optimize the selection of drill targets.
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