dome 5 drills resutls looking good

Once the next set of results are released in 10 days we should be expecting a change in sentiment - very encouraging High Grade Lead - Zinc...

ASX ANNOUNCEMENT

Dome 5 infill drilling reveals widest zone of high grade lead-zinc?silver mineralisation to date
High grade lead zinc silver intersection from DF12: 3.0m grading 15.8% Pb (lead) + Zn (zinc), including 0.36m grading 31.4% Pb, 12.0% Zn and 435 ppm Ag (silver)


Additional drilling also confirms second zone of mineralisation


High grade lead zinc silver intersection from DF12: 3.0m grading 15.8% Pb (lead) + Zn (zinc), including 0.36m grading 31.4% Pb, 12.0% Zn and 435 ppm Ag (silver)


Additional drilling also confirms second zone of mineralisation
UXA Resources Limited (?UXA Resources? (ASX:UXA) is pleased to announce very encouraging high grade lead-zinc-silver assay results from 3 diamond drill holes at the Dome 5 zinc-lead-silver prospect, located 50km northwest of Broken Hill on the Mundi Plains, NSW.
Infill drilling results from diamond drill hole DF12 has interested 3.0m of high grade sphalerite and galena mineralisation grading 15.8% Pb + Zn from 315.0m. This includes a high grade zinc zone of 0.69m grading 0.45% Pb, 29.9% Zn and 34 ppm Ag and a 0.36m zone of very high grade silver-rich galena mineralisation grading 31.4% Pb, 12.0% Zn and 435ppm Ag.
A second zone of mineralisation, 5m below the high grade zone, returned 1.29m grading 6.88% Pb + Zn and 20 ppm Ag from 322.76m.
Managing Director of UXA, Dr Russell Penney said, ?In comparison with assay results from the initial Dome 5 discovery, UXA?s infill drill hole DF12 has recorded the best result to date in terms of the intersection?s width and the high grade content and this is located within 250m of previously intersected high grade zinc-lead-silver mineralisation.?
Assay result details are included in Table 1. DF 12 is situated approximately 250m in between holes DF02 and DF06, previously drilled by Teck Australia Pty Ltd (?Teck?), both of which had mineralised intersections (see Figure 2) in the same limestone horizon and along with UXA?s DF09 (see ASX release 06 May 2011) appear to define a higher grade area of mineralisation.
Drill holes DF02 and DF09 also show a second, lower zone of mineralisation Results of step-out holes DF10 and DF11 appear to show a tapering of the mineralisation to the north and southwest (Figures 2,3), with 0.2m @ 6.92% Pb + Zn from 334.6m in DF10 and 0.32m @ 5.73% Pb + Zn from 333.61m in DF11.
Of the planned seven hole program three holes remain to be drilled, with step-out hole DF13 (Figure 1) currently nearing completion and the other two holes should be completed in the next 10 days.

Figure 1. Dome 5 MVT zinc-lead-silver prospect with current (DF09 -DF13) drill hole locations

Figure 2. Cross section A-B showing drill results (refer to Figure 1 for location).

Figure 3. Cross section C-D showing drill results (refer to Figure 1 for location).

Figure 4. Photographs of high grade silver-rich galena (at 317.25m) and high grade sphalerite (at 316.25m) mineralisation from DF12.

Table 1. Dome 5 -Diamond Drill Results, May 2011
Sampling and Assay method: sawn half drill core samples were crushed and milled to 85% passing 75um in accordance with Amdel?s PREP2,3 sample preparation procedure, prior to assay using metallurgical grade digest with ICPOES finish in accordance with Amdel?s MET1 process. All holes drilled vertically ? GDA94 (Zone 54).
About Dome 5
The initial Dome 5 zinc discovery at Mundi Plains was made by Teck, a wholly owned subsidiary of the major Canadian mining company Teck Resources Limited, in joint venture with PlatSearch NL in 2007.
The discovery was of Mississippi Valley Type (?MVT?) mineralisation in a flat lying zone at approximately 320 metres depth. The mineralisation lies close to the base of the Adelaidean sedimentary sequences where they on-lap onto a granite dome (?Dome 5?). All of the 5 holes drilled within a one square kilometre area encountered sphalerite?galena mineralisation, with two high grade mineralised intersections returning up to 0.85m @ 19.15% Zn, 4.9% Pb, 83ppm Ag.
UXA has an option agreement to earn up to 100% of Teck?s joint venture interest subject to certain earn-back rights to a 65% UXA interest retained by Teck (see 14/9/10 ASX release for terms of the agreement) and has agreed to an initial A$1.2M spend on exploration, targeting MVT style zinc-lead-silver mineralisation and IOCG-style copper gold mineralisation.
For further information, contact.

Russell Penney Managing Director.
Tel: +61 8 8363 7970 Email: [email protected] Website: www.uxa.com.au Media: Farrington National +612 9332 4448