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Sydney - Friday - June 13: (RWE Aust Business News) - Energy
Metals Ltd (ASX:EME) has announced the results of a recently completed
resource estimate for its 100 per cent-owned Lake Mason project, located
25 kms northeast of Sandstone in Western Australia.
Consultants Hellman & Schofield Pty Ltd have estimated an
Inferred Mineral Resource at Lake Mason of 7.9 million tonnes averaging
170 ppm U3O8 for a contained U3O8 content of 1,343 tonnes (3 million
pounds) at a cut-off grade of 100ppm U3O8.
Both 'Contained Tonnes U3O8' and 'Contained Pounds U3O8' are
based on contained metal in the ground and do not consider any mining,
metallurgical or economic parameters at this stage.
The resource estimate is based on chemical assays and down hole
geophysical probing from 397 holes drilled between September 2006 and
December 2007.
All mineralisation is hosted in shallow calcrete layers at depths
less than five metres below surface.