some news

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Cheers Hillbilly

Just announced by JV (Riasama)RAI
Drilling at the Kashkasu II uranium project in The Kyrgyz Republic underway with first results expected in the next few weeks.
Kashkasu II Project
Having previously announced to the market the commencement of a 3,000m drilling program at the Kashkasu II Project (see announcement dated 4th April 2011) the company has now completed three holes in that drilling program. Assay results for those three holes are expected in the next few weeks. Further holes will be drilled in the program in an attempt to increase the known extent of mineralisation at the project.
Previous drilling produced high-grade intercepts including 2m @ 1,651ppm and 2m @ 1,521ppm U3O8 indicating the presence of multiple, high-grade, zones of coal and sandstone hosted uranium mineralisation within a broad area with a known strike extent. The current drilling programme has the potential to significantly increase the known extent of the mineralisation. This programme has been specifically designed to test not only the known coal hosted uranium, but also the significant potential for sandstone hosted, roll front deposits.