Resource Star (ASX: RSL) contain boosted by 30% the uranium resource to 6 million pounds at the Livingstonia Uranium Project combined venture in Malawi. The Resource is; 8.3 million tonnes at 325 ppm eU3O8 for 6.0 million pounds of U3O8 (or 2,700 tonnes).What is so significant about the upgrade is just 1500 metres of drilling extra around 1.4 million pounds of uranium. More significantly, the company has generated a great increase in the high grade core of the deposit.
Multiple horizons of sandstone-hosted uranium comprise been defined, with possible fault controlled trends where the stack zones merge to supply near-continuous mineralization, The best meeting point to date from LBPE 103 is; 33.95 metres at 338 ppm eU3O8.
Resource Star will now assume an integrated geological study of past data and a desktop conceptual development study to finalise strategy for the next round of drilling and testwork.Supporting this extra work is that the independent review completed that there is excellent potential to recognize additional resources.
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