Raisama extends Kyrgyz project Neil Dowling - PerthNow February 18, 2010 8:01AM
WA-BASED explorer Raisama has won new ground in its search for uranium.
It has been granted a highly-prospective tenement after discovering high-grade uranium mineralisation during recent drilling in the Kyrgyz Republic, flanked by China and Kazakstan.
The new tenement of 14sq.km extends its ground at the East Kokmoinok area of the Kashkasu II uranium project.
``The results from four diamond drill holes have confirmed that the Kashkasu II uranium project is a highly prospective and potentially valuable project requiring more exploration,'' said Raisama managing director David Berrie.
``Assays from the drilling revealed the presence of multiple, high-grade zones of coal and sandstone hosted uranium mineralisation within a broad area.''
Mr Berrie said the strike length was more than 350m. The best results from earlier drilling included 3m at 1651ppm uranium oxide from a depth of 72m; 2m at 1521ppm from 77m; 3m at 499ppm from 44m; and 5m at 465ppm from 55m.
All four holes were drilled beneath areas of surface anomalism and recorded significant intercepts from a shallow as 33m down hole and to a maximum of 105m down hole.
``The drilling also indicated the potential for additional hanging wall and foot wall zones that may extend to surface,'' Mr Berrie said.
``The mineralisation also appears to be open down dip.
``Based on the drilling results the mineralisation appears to be striking north-west to south-east and is open in both directions along strike, promoting Raisama to seek additional ground for further exploration.''
The company now plans to have a second diamond drilling program start in April.
Raisama owns 75 per cent of the company that has the rights to explore and develop uranium at the Kashkasu II project, 300km south of the Kyrgyz capital, Bishkek. Monitor Energy has a 22.5 per cent interest in the project.
