The Angela Uranium Project Joint Venture parties have committed to a comprehensive confirmatory and exploration work programme as well as a pre-feasibility study which if successful, will then progress to a Bankable Feasibility Study and an Environmental Impact Assessment.
The final assays of the 2009 drilling programmes were received in early January and a new geological model has been completed.
Extensive evaluation work was undertaken previously on the Angela and Pamela uranium deposits by Uranerz Australia Pty Ltd between 1972 and 1983. Historic uranium mineralisation defined at the time comprised approximately 12,000t to 13,000t of U3O8 in the general range of 0.10% to 0.13% U3O8 and remains open at depth and laterally. Paladin owns all the original drill hole data for the deposit, including geology, geochemistry, down hole gamma surveys and feasibility studies and is in the process of capturing all the drill hole data digitally and validating it with the current drill programme results. Preliminary metallurgical test work and geotechnical investigations have commenced.
As part of the licence conditions, baseline groundwater and dust monitoring commenced prior to drilling activities, and is ongoing as part of a series of environmental studies, including water, fauna and flora, dust, radiation, meteorology and soils.
Cameco, the Project Manager, is managing a project office in Alice Springs and is active in promoting project awareness programmes within the community and engaging interested and affected parties.
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Please visit the Cameco Australia website for further information.