| Mon 11 Jan 2010, 14:41 | | EXT - Extract Resources Limited - Rossing South drilling and exploration update |
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EXT - Extract Resources Limited - Rossing South drilling and exploration update
Extract Resources Limited
Registration No. ABN 61 057 337 952
Registered as an external company in Namibia
ISIN Code: AU000000EXT7
NSX Share Code: EXT
Rossing South Drilling and Exploration Update
Extract Resources Ltd (ASX/TSX/NSX: EXT), a uranium exploration and development
company with projects in Namibia, today announced updated exploration results
from the massive Rossing South mineralised system, part of Extract`s world-class
Husab Uranium Project.
Highlights:
- Infill resource definition drilling continues to return high grade
intercepts
- All zones of uranium mineralisation still open at depth and along strike,
in at least one direction.
- 13 drill rigs operating on site, with additional rigs due on site in the
next 4 to 6 weeks to accelerate exploration and resource definition
efforts.
- Encouraging results from the RadonX survey programme
The latest round of chemical assay results continues to set Rossing South apart
as a truly impressive uranium project.
Extract Resources Chairman, Mr. Steve Galloway, said: "We are pleased that we
continue to return results with positive surprises at Rossing South - the
quality of the original discovery continues to be confirmed, and if anything,
gets better. We are conscious of the need to expand our regional exploration
programme. Rossing South as defined for our feasibility study represents just a
fraction of the prospective area. The RadonX survey results give us a useful
indicator of where we should focus future exploration drilling, and the company
is committed to this work.
He added "With the feasibility study on-going and enough cash to fund a new
exploration programme - the company is well positioned to add substantial
resources to our existing inventory over the next six months and beyond."
For full announcement, please refer to Company website
(www.extractresources.com).
Steve Galloway
Chariman
Windhoek, 11 January 2010
Registered Office
Swakop Uranium (Pty) Ltd
3 Schutzen Street
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
100 Robert Mugabe Avenue
P O Box 186, Windhoek, Namibia
Registration No. 95/505
Date: 11/01/2010 14:41:02 Produced by the JSE SENS Department.
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