Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Cauldron Energy finds third uranium channel at Bennett Well South  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 21/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Cauldron Energy's (ASX: CXU) drilling has identified a third uranium paleo-channel at its Bennett Well South prospect in Western Australia, pointing to the likelihood there is more uranium than originally estimated.

The new 10 to 20 kilometre long by 500 metre wide channel appears to have up to 4 kilometres of the right uranium bearing sediments and is open to the north and south.

Significant drilling results include:

- 2.8 metres at 319ppm uranium from 82.2 metres;
- 2.5 metres at 481ppm uranium from 92.1 metres; and
- 3 metres at 384ppm uranium from 86.3 metres.

The latest find improves the potential for redox fronts along the full length of the interpreted paleo coastline and improves the potential for a significant upgrade of the original exploration target size of between 25 million and 30 million pounds of uranium for the Yanrey region.

 






  MENA News Headlines


 
Live Currency Rates






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help