Uranium Resources (LON:URA) has in progress its key 2012 drilling programme on the Mtonya Project in southern Tanzania.The programme will look to build on a 2011 programme that recognized multiple uranium roll-front type deposits at depth.Tom Elder, an analyst at broker WH Ireland said newly that the 100 per cent-owned Mtonya could be a “company making” project, if it proves to be like to Uranium One’s Nyota deposit, which is in a similar part of Tanzania.
This year’s drilling will include 20,000 metres of open-hole and diamond-core drilling.The aims of the programme are to test the roll-fronts recognized in tier 2 at depths of 240-260 metres; identify and found geometries for roll-fronts in tier 1 at depths of 170-200 metres; and test for uranium mineralisation in tier 3 at depths of 300-320 metres.
Uranium Resources will use numerous drill rigs simultaneously with part of the fleet to target tight-spaced drilling with a view of establishing a maiden resource estimate. The other rigs will be extending the previously known roll-fronts laterally.The 2011 drilling and results of the recent mineralogical studies advise similarities with the well-known sandstone-hosted roll-front uranium deposits of Kazakhstan and the USA, the company added.
