Impact Minerals Limited announced that the start of its first drill program within its 100% owned Botswana Uranium Project to test several large uranium targets at the Lekobolo Prospect.
Impact’s Botswana Uranium Project covers 350 kilometers of the strike extensions of rocks that host many significant uranium deposits throughout southern Africa including Kayelekera in Malawi and Letlhakane in Botswana.
A program of about 60 holes for 3,000 meters of reverse circulation drilling is underway to test areas of anomalous uranium in soil responses 20 kilometers along strike from the Letlhakane Project.
The drill program is anticipated to finish within a few weeks and assay results are expected in January.
A second drill program is currently being planned to commence in early 2010, weather permitting, to follow up other priority uranium targets within Impact’s Prospecting Licenses and to follow up results from the current drilling program as appropriate.
Further soil geochemistry programs are also being planned and will commence as soon as possible in 2010.
Impact’s Botswana Uranium Project;
Impact’s Prospecting Licenses in Botswana cover 350 kilometers of the strike extensions of rocks that host many significant uranium deposits throughout southern Africa including Letlhakane.
The large Letlhakane Project is owned by A-Cap Resources Limited which has reported an Indicated and Inferred Resource of 344 Mt at 152 ppm using a 100 ppm cut-off for 116 Mlb of uranium oxide in deposits hosted by near surface calcretes and by Karoo Group sedimentary rocks.
Impact’s licenses are prospective for three types of uranium deposits:
1. Deposits hosted by Karoo sedimentary rocks which host a number of large uranium deposits throughout southern Africa including at Letlhakane;
2. Uranium hosted by calcretes in Cainozoic palaeochannels, a style of mineralization well known in Australia and Namibia; and
3. Deposits within playa lakes which, in Australia and elsewhere in Africa are known to host significant uranium deposits.
Impact has identified 18 such target areas with a combined strike length of more than 400 kilometers within its licenses. These generally comprise elongate regions within which there are variably exposed calcrete outcrops and/or outcrops of prospective Karoo sedimentary rocks. Many have elevated surface uranium responses in the regional airborne radiometric data and in ground spectrometer readings.
Minmetals subsidiary to join Philippine exploration
Interfax China reported that Minmetals International Limited has signed a memorandum of agreement with the Philippine Stock Exchange listed Benguet Corporation to fund exploration of its Kingking copper and gold deposit in the southern Philippines.
Source:steelguru.com/
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