Picked up a few of these a little while ago. On the basis of this Feb anouncement and with regard to the obvious uranium prospectivity this little under achiever may just come to life...soon! DYOR! Cheers Muzz
ASX/MEDIA RELEASE 25 February 2010
Ezenet Limited (ASX:EZE) Ezenet is pleased to advise that it has reached agreement with the shareholders of Mauritanian uranium explorer, Ghazal Minerals Limited (Ghazal), to increase its stake in Ghazal from 23% to 100%.
"Ghazal has finalised plans to for an exciting exploration programme which will commence in March 2010.
"Ground surveys of anomalies, involving grid based radiometric surveying with geological mapping and sampling, have confirmed the significance of the anomalies, with uranium values to 470ppm being recorded. In particular, secondary uranium mineralisation (carnotite) has been located in calcrete associated with a large buried lake system. Multiple uranium anomalies are associated with a 40km long south flowing drainage system which has incised the lake system. From the DTM data some 40m of calcretised sediments have been incised by the drainage system in its passage across the lake system and is the source of the multiple anomalies. The buried lake system is thus a very significant and exciting exploration target as it occupies an area of some 300km2 within EL276."
EZE Price at posting:
3.0¢ Sentiment: ST Buy Disclosure: Held
