Perth, Australia — MININGREVIEW.COM — 03 April, 2008 – Shield Mining Limited – an Africa-focused gold and base metals explorer which is listed on the Australian Stock Exchange (ASX) – has been awarded another licence to explore for uranium in the west African country of Mauritania.
A Shield letter to the ASX here reveals that the latest approval – the company’s third licence in Mauritania – covers an area of 1 074 squ km, giving Shield a total uranium-only exploration licence area in Mauritania of 3 889 squ km. The company has been granted two previous uranium licences, and currently has three more uranium exploration applications with the Mauritanian government authorities.
“This new uranium licence is in the Conchita Florence area in northern Mauritania,” said Shield chief executive officer David Netherway.
“Our initial work programme will comprise a series of ground spectrometer traverses over the ‘hamadas’ as an adjunct to the current work programmes for gold and base metals in the area,” he added. Hamadas are the topographically inverted, calcreted lakebeds, the basal units of which are recorded in the northern Mauritania region as containing uranium mineralisation.
The latest licence was granted to Shield Mining Mauritania S.A. for Group 4 minerals (Uranium). It is effective as of 24 March, 2008 and expires in three years, renewable twice for further three-year periods. Shield Mining Mauritania S.A. is a fully owned subsidiary company of Shield Mining Limited.
This new uranium licence in Mauritania takes Shield’s total landholding under licence in the country to 18,845 squ km.