Drilling performed by A-Cap Energy Limited (ASX:ACB) at its flagship Letlhakane Project in Botswana has returned major uranium intersection samples as part of feasibility studies which are being carried out at the site, which is host to one of the world’s top 10 undeveloped uranium resources.
The 1 406m diamond drill core program over 24 PQ triple tube holes program collected approximately 2 tonnes of mineralised material for beneficiation, leaching and metallurgical testwork already underway.
A-Cap managing director Dr Andrew Tunks said the diamond drilling intercepts confirmed Letlhakane’s phenomenal potential.
“It is a massive low-grade deposit with thick mineable lenses of mineralisation that are very continuous. The next steps are to get this sample material to Australia and commence a raft of beneficiation test work to determine the potential to upgrade the ore and reduce the acid consuming minerals. These two factors will have an enormous impact on an updated feasibility study which we will commence once the data is received,” Dr Tunks said.
Drillhole locations plan shown left. Red triangles represent metallurgical drilling. Light range shapes are optimised open pit shells from 2015 feasibility study. Image credit: A-Cap Energy Limited
Best drilling results
Multiple thick lodes intersected in drilling, best results include:-
- GODD0093 8.0m @ 448 ppm U3O8 [45.3m], including 1.1m @ 1,942 ppm U3O8
- GODD0094 7.2m @ 224 ppm U3O8 [38.7], including 0.9m @ 739 ppm U3O8
- GODD0097 7.4m @ 192 ppm U3O8 [43.5m]
- GODD0099 6.3m @ 227 ppm U3O8 [28.0m]
- MOKD0114 10.6m @ 182 ppm U3O8 [9.0m]
- MOKD0120 6.8m @ 371 ppm U3O8 [38.8m], including 1.4m @ 708 ppm U3O8
- SEDD0029 16.1m @ 276 ppm U3O8 [36.5m], including 1.0m @ 954 ppm U3O8
- SEDD0031 8.0m @ 358 ppm U3O8 [55.0m], including 0.8m @ 2,260 ppm U3O8
- SEDD0033 7.9m @ 487 ppm U3O8 [31.8m], including 2.4m @ 1,167 ppm U3O8
The full announcement can be accessed here.