EXT - Extract Resources Limited - Chemical Assays confirm the emergence of zone
JSE
EXT
EXT - Extract Resources Limited - Chemical Assays confirm the emergence of zone
5 at Husab`s ROssing South
Extract Resources Limited
Registration No. ABN 61 057 337 952
Registered as an external company in Namibia
ISIN Code: AU000000EXT7
NSX Share Code: EXT
CHEMICAL ASSAYS CONFIRM THE EMERGENCE OF ZONE 5 AT HUSAB`S ROSSING SOUTH
Highlights:
Emerging Zone 5 at Husab`s ROssing South:
o Chemical assay results including 29 metres assaying 1653 ppm U3O8 in RSRC002a
o Continuous mineralisation at Zone 5 has now been identified over a strike
length of 1.7 kilometres and remains open along strike and down dip.
Granite hosted uranium mineralisation now confirmed over nine kilometres of
strike of the ROssing South Anticline with another six kilometres to be
explored.
Definitive Feasibility Study targeted for completion in Q4 of calendar 2010.
Early stage planning for Mining Licence application has commenced.
Comminution test work commenced on a bulk sample of mineralised alaskite
material from ROssing South.
Continued drilling focussed on upgrading early mined material to a "Measured"
Resource classification.
Further exploration potential within Husab Uranium Project still to be tested
with an exploration drilling program continuing with a number of new targets
planned for testing in 2H, 2010.
17 drill rigs currently in operation
Following the resource update announced on 10 August, 2010, which confirmed
ROssing South as one of the world`s largest uranium deposits, Extract Resources
Limited (ASX/TSX/NSX:EXT) is pleased to provide an update on progress at the
Husab Uranium Project in Namibia.
For full release, please refer to Copany website
(http://www.extractresources.com).
On behalf of the Board of Directors,
Steve Galloway
Chariman
Windhoek, 9 September 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: 09/09/2010 11:35:01 Produced by the JSE SENS Department.
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