Berkeley Energia Continues Exploration Programme Targeting Zona 7 Style Deposits
(firmenpresse) - Berkeley Energia Continues Exploration Programme Targeting Zona 7 Style Deposits
The Company is pleased to announce that it has commenced the next phase of its exploration campaign focussed on discovering additional deposits with similar characteristics to Zona 7, which is located close to the surface and without a strong radiometric anomaly present.
The discovery of the transformational high grade extensions at the Zona 7 deposit in late 2014 transformed the economics of the project and changed the Companys geological model for the region.
In parallel with the ongoing development on site, the Company continues to conduct exploration with the potential to increase the projects production profile or mine life.
Following extensive structural mapping and the interpretation of regional geological structures, two areas totalling 100 km2 have been selected for an intensive geochemical sampling programme, that will include 2,500 samples on a 200m x 200m grid.
The programme will incorporate the latest uranium exploration techniques with samples being tested for mobile metal ions using the Ionic Leach technique. This highly sensitive technique can detect extremely low levels of uranium and other critical elements and is widely acknowledged to be the most adept at identifying subtle anomalies.
To complement the soil sampling/Ionic Leach programme, the Company will also undertake ground radiometric survey readings and radon emissions tests at each of the sample collection points.
Two field crews will be focussed on carrying out the planned exploration activities over the two priority areas during the coming months, with the goal of identifying drill targets.
Managing Director Mr Paul Atherley, commented:
Whilst we continue to progress development on site, we are also focussed on completing targeted exploration programmes aimed at unlocking the potential of our 1,160km² landholding within this heavily mineralised province.
Given the transformational effect the shallow, high grade Zona 7 deposit has had on the project's economics, the focus of our upcoming exploration programme is to look for more of the same using a broad array of modern exploration techniques over two prospective areas."
For further information please contact:
Paul Atherley
Managing Director
+44 207 478 3900
Hugo Schumann
Commercial Manager
info(at)berkeleyenergia.com
Buchanan Communications Ltd.
Bobby Morse
Senior Partner
+44 207 466 5000
Anna Michniewicz
Account Director
BKY(at)buchanan.uk.com
About Berkeley Energia:
Berkeley Energias objective is to be one of the worlds lowest cost producers reliably supplying the world's leading utilities with fuel for base load clean energy from the heart of the European Union. Once in production the mine will be one of the worlds biggest producers supplying over four million pounds of uranium concentrate a year, equivalent to approximately 10% of the continents total requirement.
An independent study published in July 2016 by MDM Engineering (part of AMEC Foster Wheeler Group) reported that the project has an NPV of over US$530 million and will produce 4.4 million pounds of uranium per annum at a cash costs of US$15.39 per pound, making it one of the world's lowest cost and a top ten global producer of uranium.
The mine will rejuvenate a community suffering from lack of investment and badly hit by long-term and high youth unemployment. Last year over 25,000 people left the Castilla y Leon region and in many villages houses stand empty.
Skills training programmes commenced last year and will continue throughout the construction phase to equip locals for the 454 jobs the mine will create once in full production. In addition, it has been estimated that over time the mine will indirectly generate an estimated further 2,295 jobs in the region. Local businesses are being prioritized and the local municipalities and communities will be fully supported throughout the life of the mine.
Spain currently is currently generating around 20% of its electricity from seven nuclear power plants and is aiming to meet its long term carbon reduction targets with a combination of a nuclear zero carbon base load and renewables.
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Datum: 06.06.2017 - 07:44 Uhr
Sprache: Deutsch
News-ID 546365
Anzahl Zeichen: 4580
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Town:
Wien
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Business News
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