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EXT - Extract Resources Limited - Chemical Assays confirm the emergence of new
regional exploration targets at Husab Uranium Project
Extract Resources Limited (`Extract`)
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 NEW REGIONAL EXPLORATION TARGETS AT
HUSAB URANIUM PROJECT
Highlights:
- Continued RC exploration drilling has confirmed uranium mineralisation at
several new targets within the Husab Uranium Project, including Middle Dome
and Pizzaro Prospects.
- Middle Dome is located approximately 6.5 kilometres south of Zone 2, and
approximately 4.5 kilometres north of the Salem Prospect. Middle Dome
appears to be located on the concealed northern extension of the Ida Dome.
- The Pizzaro Prospect is located on EPL 3439 approximately 4.5 kilometres
west of the Inca deposit (Deep Yellow Ltd). Uranium bearing alaskitic
pegmatites appear to be intruding Khan Formation gneiss in this area.
- Strike length of uranium mineralisation at Salem has now been extended to
approximately 1 kilometre.
- Positive chemical assay intersections from recent exploration drilling at
Husab include:
Hole ID From To Mineralised
(m) (m) zones
(U3O8)
Middle
Dome
RBE367 88 108 20m @ 846 ppm
RBE369 80 96 16m @ 246 ppm
RBE369 108 116 8m @ 493 ppm
Pizzaro
PBE008 28 40 12m @ 191 ppm
PBE010 36 48 12m @ 122 ppm
PBE011 28 44 16m @ 166 ppm
PBE012 56 64 8m @ 638 ppm
Salem
SRC028 141 177 36m @ 178 ppm
For full release, please refer to http://www.extractresources.com.
On behalf of the Board of Directors,
Siobahn Lancaster
Company Secretary
Windhoek, 23 February 2011
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: 24/02/2011 13:01:02 Produced by the JSE SENS Department.
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