ERONGO ENERGY LIMITED
ACN 114 175 138
Registered Office:
30 LEDGAR ROAD, BALCATTA
WESTERN AUSTRALIA 6021
Postal Address:
PO BOX 717
BALCATTA WA 6914
Contact Details:
TELEPHONE 61 8 9240 8801
FACSIMILE 61 8 9240 2406
[email protected]
WWW.ERONGOENERGY.COM.AU
DRILLING RESULTS EXTEND AREA OF URANIUM MINERALISATION
AT THE ERONGO GRANITES PROJECT
HIGHLIGHTS
•
Results received from the first fence of twelve drill holes at Area 1 Prospect, Erongo
Granites Project, testing extensions to the western extremity of the identified zone of
uranium mineralization.
•
Better results include:
o 7m at 253 ppm U3O8 (including 4m at 350 ppm U3O8).
o 17m at 206 ppm U3O8 (including 7m at 279 ppm U3O8).
o 20m at 188 ppm U3O8 (including 13m at 221 ppm U3O8).
o 14m at 164 ppm U3O8 (including 5m at 245ppm U3O8).
•
Results have confirmed mineralization continues to the west of area of known uranium
mineralization.
•
Drilling has confirmed uranium mineralization over an area of 800 metres by 400 metres,
from surface to depths exceeding 100m.
•
The area of known mineralization remains open in all directions, with best potential strike
extensions interpreted to the east and north east (based on detailed scintillometer survey that
has identified an anomalous area of 1.8km by 1 km).
•
Drilling programme at Area 1 Prospect continuing, targeting areas to the east and north east
of previous drilling. Thirty seven holes drilled to date, with further results expected in
September.
•
Second RC drill rig scheduled to be on site in late August and will drill test an initial 4kms of
potential strike length at Area 3 Prospect.
1
Erongo Granites Project (ERN 90%)
The Erongo Granites project consists of two granted tenements (EPLs 3453 and 3454) covering
approximately 415 sq kms located to the south and north of the Erongo Complex in mid central
Namibia. The Company is targeting intrusive style granite-hosted uranium deposits.
Goldfields and Falconbridge conducted geophysical, sampling, mapping and drilling programmes in
the 1970s and early 1980s, with Goldfields defining a zone of mineralization at the Area 1 Prospect.
Drilling at the Area 1 Prospect by the Company commenced in May 2007, and results from the first
six RC drill holes were released in June 2007.
Results have now been received from the first fence line of holes drilled to test extensions to the area
of known uranium mineralization. The fence consisted of twelve drill holes for 1,324 metres
designed to test extensions to the western extremity of the area of known uranium mineralization.
Results are shown in Table 1.
The uranium mineralization is interpreted to occur in multiple horizontal layers and in higher grade
chutes up to 50 metres across. These higher grade chutes are associated with intense west-east
jointing that is prominent in both the Area 1 Prospect and the Area 3 Prospect. A strong
microfracture is interpreted to have developed parallel to both horizontal and vertical joint planes.
Uranophane and several other secondary uranium minerals (unidentified yellow and green minerals)
are often observed at surface along these fracture planes. Secondary uranium mineralisation at
surface has been found to be associated with primary mineralisation at depth.
The results confirm that the mineralization continues to the west of the area of known uranium
mineralization. Drilling has now confirmed uranium mineralization over an area of 800 metres by
400 metres, from surface to depths exceeding 100m below surface. This area of known
mineralization remains open in all directions. Based on previous drilling results, field mapping and
the detailed scintillometer survey, the Company considers there to be significant potential for
uranium mineralization to continue to the east and north east of the identified zone of uranium
mineralization. Ground scintillometer surveys completed to date have confirmed that the radiometric
anomaly at Area 1 extends over an area of at least 1.8km by 1km.
A total of thirty seven RC holes have been completed by the Company at the Area 1 Prospect to
date. Further assay results are expected in September. Drilling is currently targeting areas to the east
and north east of previous drilling.
A second Reverse Circulation drill rig is scheduled to arrive on site in late August 2007. This second
rig will test anomalous targets along an initial 4 kms of potential strike length at the Area 3 Prospect,
which covers an area of 5km by 2km and is underlain by intensely jointed layered granites similar to
those in Area 1. Initially a total of 3,000 metres of drilling is planned for this untested area.
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For further information in respect of Erongo, please contact:
Mark Gasson
Managing Director
Tel: +27 722 478 999
Email: [email protected]
Patrick Flint
Director
Tel: +61 2 9212 7999
Email: [email protected]
Ron Gajewski
Chairman
Tel: +61 8 9240 8801
Email: [email protected]
Erongo Energy website: www.erongoenergy.com.au.
Scientific or technical information in this news release has been prepared under the supervision of Mr Klaus Eckhof, a
consultant to the Company and a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Eckhof has
sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr Eckhof consents to the inclusion in this
report of the Information, in the form and context in which it appears.
Table 1
Significant Uranium intersections from Area 1 Prospect, EPL 3454.
Hole_ID
Easting
(mE)
Northing
(mN)
Elevation
(z)
Dip
Magnetic
Azimuth
From
(m)
To (m)
Width
(m)
U3O8
(ppm)
MAWRC001
554501
7615100
1362
-60
0
incl
MAWRC002
554501
7615000
1357
-60
0
MAWRC003
554501
7614901
1353
-60
0
MAWRC004
554499
7614926
1354
-60
incl
0
59
59
83
29
77
83
76
81
108
109
19
42
48
66
72
90
105
38
50
76
91
10
21
27
34
52
68
88
95
73
64
91
32
78
84
77
91
125
116
27
62
62
67
83
100
115
45
51
80
94
11
23
28
35
53
69
89
97
14
5
8
3
1
1
1
10
17
7
8
20
13
1
11
10
10
7
1
4
3
1
2
1
1
1
1
1
2
164
245
203
114
139
186
212
119
206
279
134
188
221
115
175
100
149
113
143
136
114
144
119
129
205
109
106
182
124
incl
MAWRC005
MAWRC006
554501
554501
7614877
7614800
1350
1349
-60
-60
0
0
MAWRC007
554504
7614701
1347
-60
0
3
Hole_ID
MAWRC008
Easting
(mE)
554501
Northing
(mN)
7614600
Elevation
(z)
1342
Dip
-60
Magnetic
Azimuth
0
incl
MAWRC009
554502
7614502
1340
-60
0
MAWRC010
554477
7614426
1334
-60
0
MAWRC011
554501
7614376
1334
-60
0
MAWRC012
554501
7614317
1333
0
From
(m)
31
42
48
51
90
2
14
26
46
80
98
105
16
29
96
29
38
44
60
62
66
117
28
To (m)
39
43
55
55
105
4
15
28
48
81
101
115
18
34
97
34
39
59
61
63
67
118
29
Width
(m)
8
1
7
4
15
2
1
2
2
1
3
10
2
5
1
5
1
15
1
1
1
1
1
U3O8
(ppm)
104
162
253
350
138
161
141
147
125
119
151
113
132
154
169
104
183
103
102
111
110
121
200
A top cut of 590ppm U3O8 and a bottom cut of 100ppm U3O8 were applied. All samples were prepared
for assay and analysed at the ALS Chemex Laboratory in Johannesburg, South Africa. Industry accepted
QA/QC checks were applied through out the programme including use of duplicates, standards and
blanks.
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