September 7 2010

Miranda Prospect

MIRANDA PROJECT - YAMAMILLA EPM 14281 (October 2009)

The Yamamilla EPM 14281 is part of a package of tenements being acquired from the Receiver and Manager of Matrix Metals Ltd. Exploration on the tenement was previously carried out by DYL as part of the NW Queensland JV with Matrix. Significant results include:

2007 DYL RC Drilling

  • DMRC008   32 metre at 626 ppm U3O8 from 3 metre
  • DMRC009   22 metre at 727 ppm U3O8 from 16 metre
  • DMRC018   46 metre at 352 ppm U3O8 from 6 metre
  • DMRC010   19 metre at 517 ppm U3O8 from 35 metre
  • DMRC006   17 metre at 519 ppm U3O8 from 64 metre

Drilling scheduled to recommence in April-May 2010.

Miranda Radiometric contours over Magnetic Anomaly – Drill Hole Location Plan (click to view expanded)
U3O8 Pricing

UX U3O8 Spot      ::  US$46.00/lb

UX U3O8 Long Term ::  US$58.00

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