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bigrlyi drilling hits uranium

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    Sydney - Friday - November 24: (RWE Australian Business News) -
    Energy Metals Ltd (ASX code: EME) reports drilling at its 53.3 per cent
    owned Bigrlyi project has intersected significant extensions to the
    current uranium deposits, including intercepts of 2.45m at 1.01% U3O8
    and 5.95m at 1.01% U3O8.
    The Bigrlyi project is located in the Northern Territory, about
    350km northwest of Alice Springs, and is a joint venture with Paladin
    Resources Ltd (ASX code: PDN) subsidiary Valhalla Uranium (41.7%) and
    Southern Cross Exploration NL (ASX code: SCX) (5%).
    The project was subject to significant exploration in the period
    1974 to 1982 and is characterised by high uranium grades, accompanied by
    significant levels of vanadium.
    Current resources at Bigrlyi (0.5 kg/t U3O8 cutoff) total 11.4 M
    lbs U3O8 and 13.9 M lbs V2O5, with most of the resources within 100m of
    the surface.
    An RC and diamond drilling program designed to increase the
    resource base at Bigrlyi commenced late October 2006, with three rigs
    currently on site testing strike and down-plunge extensions at the
    Anomaly 15, Anomaly 7, Anomaly 4 and Anomaly 2 deposits.
 
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