Renaissance Uranium hits significant copper at Pirie Basin Project

Renaissance Uranium (ASX: RNU) have intersected 12 metres at 0.42% copper from 186 metres to end-of-hole at the southern portion of the Glensea Prospect, surrounded by the company's Pirie Basin Project the strongly elevated copper interval beginning reconnaissance drilling at the prospect, suggests that elevated copper grades in this area may carry on to greater depths.

The prospect is an area of well-built gravity gradient adjacent to an anomalous magnetic zone elevated gold, uranium and rare earth elements connected with the copper intersection suggest possible IOCGU or Hillside-style mineralization the business plans follow-up work to include more comprehensive basement drilling of the copper intersection, as well as additional detailed geophysical surveying and drilling in the wider prospect area.

The Pirie Basin Project in the Eastern Eyre Peninsula of South Australia, is situated within EL 3978, Renaissance has a right to earn a 75% interest in EL 3978 pursuant to an accord with a subsidiary of Stellar Resources (ASX: SRZ), Renaissance Uranium holds welfare in eight projects covering about 18,000 square kilometers with tenements situated in the key mineral provinces of South Australia and the Northern Territory.

Capital Mining drilling detects uranium and vanadium at Mundaerno

Capital Mining (ASX: CMY) has intersect optimistic indication of uranium and vanadium mineralisation from a first pass drilling plan at the Mundaerno South Uranium‐IOCGU project area in South Australia.

Anomalous uranium has been detected in a test of the most important target zone and high vanadium has been recorded in a powerfully ferruginous horizon. Elevated iron and copper include also been detected over magnetic anomalies. There were major spikes for uranium (to 153 parts per million (ppm) U3O8), vanadium (to 6122 ppm V2O5) and iron (to 32.7% Fe2O3) recorded.

Capital Mining said the drilling has provide valuable new information on the subject of the geology and prospectivity of the area, which puts go behind up exploration on a sound footing. The Mundaerno South project area is strategically situated in an established uranium bearing province and is in close proximity to a number of in service uranium and gold mines, former uranium mines and newly exposed uranium occurrences.