Uncategorized

Botswana “discovers 20m lb uranium deposits”: report

14 January 2008 – Botswanan mining firm A-Cap Resources has announced that its Mokobaesi and Kraken prospects contain 20m lb (9m kg) of uranium, giving further impetus to the opening of the first-ever uranium mine in the African nation, reports BBC Monitoring.

The prospects, which form part of the larger Letlhakane Projcet in the north-east, come from a resource covering an area of approximately six km (east to west) by three km (north to south) and extends from the surface to a depth of 45 metres.

According to a statement from A-Cap, drilling on targets outside the inferred area will begin this month.

“The presence of uranium mineralisation up to 10 kilometres from the boundary of the current Inferred Resource was confirmed, highlighting potential growth of the project,” the statement said.

Commenting on the Mokobaesi deposits, A-Cap chairman Pat Volpe said: “These resources are by far the highest so far encountered during drilling. Mineralisation was also intersected over (a) considerable thickness.

“Also, this mineralisation is hosted in fine grained sandstones of the Karoo super group, further adding to the potential of it hosting a major uranium discovery.”