OAU 0.00% 1.6¢ ora gold limited

uranium northern territory

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    Did anyone else notice the ASX release last week by Energy Metals concerning a new drilling program over their Bigryli Uranium project. This is a joint venture With Paladin (PDN).

    Here is a copy of that release ;

    DRILLING UNDERWAY AT BIGRLYI URANIUM PROJECT (N.T).

    Energy Metals is pleased to advise that drilling has commenced at its 53.3% owned Bigrlyi project. Two drill rigs (one RC and one diamond) are currently on site, with a third rig due to commence diamond drilling early November.

    The Bigrlyi project is located in the Northern Territory approximately 390km northwest of Alice Springs and is a joint venture with Paladin Resources' subsidiary Valhalla Uranium (41.7%) and Southern Cross Exploration (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.

    In July 2006 Energy Metals announced resources for Bigrlyi (including the first vanadium resources for the project), as summarised below:

    The current drilling program is designed to increase the resource base at Bigrlyi and will focus on strike and down plunge extensions at the Anomaly 15, Anomaly 2, Anomaly 4 and Anomaly 7 deposits. END..

    Thundelarra have promising claims in the area and if anyone is interested you can look at THX release with a location map at this web link..

    http://www.thundelarra.com/documents/18October2006NewUraniumProjectNgaliaBasinNT.pdf

    Very good prospect.

 
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