Perth, Aug 1, 2008 (ABN Newswire) - Uranium Exploration Australia Limited (ASX:UXA)(PINK:UXPAF) received assay results indicating an average of 113 ppm U3O8 across a 15 metre interval (14 metres true thickness) from 616 metres in drillhole 08PD04C on EL 3430 - Playford on the Stuart Shelf in South Australia.
08PD04C was drilled by UXA on behalf of the joint venture between UXA and RIL (Australia), with drilling completed on 31 March 2008. Uranium is associated with a band of coarse pebble conglomerate within the Pandurra Formation.
Acquisition of Prompt Fission Neutron Technology
UXA has completed the acquisition of a 3rd generation prompt fission neutron tool for use in its ongoing uranium exploration program. Prompt fission neutron (PFN) is a unique geophysical wire-line logging technology used for the direct measurement of uranium in boreholes.
By acquiring its own PFN tool, UXA becomes only the third company in Australia to own and use this unique technology, and the only grassroots exploration company in Australia to do so. UXA will begin utilising PFN technology on its upcoming drilling program at its Yeelirrie South East prospect in Western Australia and its Crystal Creek prospect in the orthern Territory.
Drill Program Summary
UXA continued its aggressive exploration and drilling programme with a total of 9,275 of metres drilling in the 2008 financial year across its tenements in South Australia, Western Australia, Northern Territory and New South Wales.
For the full Quarterly Activities Report, please visit:
http://www.uxa.com.au/June2008QuarterReport.html
08PD04C was drilled by UXA on behalf of the joint venture between UXA and RIL (Australia), with drilling completed on 31 March 2008. Uranium is associated with a band of coarse pebble conglomerate within the Pandurra Formation.
Acquisition of Prompt Fission Neutron Technology
UXA has completed the acquisition of a 3rd generation prompt fission neutron tool for use in its ongoing uranium exploration program. Prompt fission neutron (PFN) is a unique geophysical wire-line logging technology used for the direct measurement of uranium in boreholes.
By acquiring its own PFN tool, UXA becomes only the third company in Australia to own and use this unique technology, and the only grassroots exploration company in Australia to do so. UXA will begin utilising PFN technology on its upcoming drilling program at its Yeelirrie South East prospect in Western Australia and its Crystal Creek prospect in the orthern Territory.
Drill Program Summary
UXA continued its aggressive exploration and drilling programme with a total of 9,275 of metres drilling in the 2008 financial year across its tenements in South Australia, Western Australia, Northern Territory and New South Wales.
For the full Quarterly Activities Report, please visit:
http://www.uxa.com.au/June2008QuarterReport.html
About Uranium Exploration Australia Limited
UXA listed on the ASX in November 2005 and was established to explore for, locate and develop commercial grade uranium mineralisation and associated copper and gold. UXA has 17 exploration licences (ELs) and 5 exploration licence applications (ELAs) located in South Australia, Western Australia, Northern Territory, and New South Wales. These exploration tenements cover some 9,800 km2 and are predominantly located in areas of known mineral deposits.
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