Berkeley Energia BKY Salamanca

Berkeley Energia (ASX:BKY, LON:BKY) has discovered more broad high-grade mineralization immediately below the Zona 7 which emphasizes the potential at depth of this uranium project.

Berkeley has drilled three holes from surface straight through the Zona 7 where it has assayed almost 19 meters of approximately 4 pounds of uranium per tonne, as well as 6 meters containing roughly 7 pounds of uranium. The company immediately started an additional exploration program to follow up on these results.

Berkeley Energia BKY 1 Salamanca

This additional drill program has now started and will initially focus on eleven targets which were created based on geophysics and historical information. All eleven targets are within a 10 kilometer radius from the location where the processing plant is expected to be built, and two rigs have now started a 10,000 meter drill program.

This could be an additional milestone for Berkeley as adding more high-grade uranium to the Salamanca project could further improve the economics of this deposit.

Go to Berkeley’s website
The author holds a long position in Berkeley Energia. Please read the disclaimer

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