Uranium explorer, Berkeley Resources Ltd (LON:BKY) says that its drilling program at the Palacios North, Sageras and Alameda South deposits has indicated potential for additional resources at all 3 deposits.

Berkeley Resources Limited is an ASX and AIM listed exploration and development group with a dominant land holding and advanced uranium exploration and development projects in Spain. Berkeley's focus is on the successful completion of a Feasibility Study at its flagship Salamanca Uranium Project, incorporating the Spanish State Reserves and the Quercus Uranium Processing Plant. 

During the quarter the Company completed confirmatory drilling at the Salamanca Uranium Project and the initial estimation of Mineral Resources for the Sageras, Palacios North and Alameda South uranium deposits. As a result, the Group has substantially increased the total mineral resource estimate from 26.1 Mlbs to 80.4 Mlbs of U3O8 at a 200 ppm cut-off.

© 2010 Stockopedia Ltd and BFNNews.com. All rights reserved

Unlock the rest of this article with a 14 day trial

Already have an account?
Login here