Uranium Equities (ASX: UEQ) has return an intercept of 1.3 metres at 0.88% uranium from continuing diamond drilling at the U40 view within its Nabarlek project in the Northern Territory.
These preliminary results designate extensions to the mineralisation discovered in 2010 Phase 2 of the diamond drilling program at the U40 Prospect, include a further 600 metres of drilling in four to six holes, is at present underway.
Reverse circulation drilling on the Nabarlek Mineral Lease has also widespread the known mineralisation at the Boomerang Prospect as well as 5 metres at 1,610 parts per million (ppm) uranium (U3O8) from 121 metres.
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