Bannerman drilling
underway in Namibia
 
Perth, Australia — MININGREVIEW.COM — 25 June 2008 – Bannerman Resources Limited – a uranium exploration and mine development company focused on projects in Namibia – is starting resource estimation work on its Goanikontes anomaly in the southern African country, and is launching exploration of 15 other identified prospects.

A company announcement here explained that with resource drilling completed at Goanikontes Anomaly A, senior geological staff had mobilised to the Perth company office to begin final resource estimation work.

It added that drill rigs had been mobilised to explore prospects which had been identified beyond the principle uranium deposit at Goanikontes Anomaly A. In all, 15 prospects had been identified to date with targets prioritised on historic drill results (where available), ground and airborne radiometric surveys and geological mapping.

“This marks the commencement of an exciting new exploration phase for the company,” the statement continued. “It is our intention to define additional significant uranium resources with proximity to the Anomaly A deposit.”
 
Bannerman says additional uranium deposits could provide for:

  • Enhanced and additional ore to supplement the Anomaly A project,
  • Additional resources to underpin a possible Stage 2 expansion beyond the envisaged 15Mtpa. mining and milling operation at Anomaly A, and
  • A much larger resource base for an additional stand-alone plant elsewhere on the lease, using shared infrastructure and management capabilities.

The statement explained that drilling at Anomaly A had totalled 441 RC holes for 117 198m and 47 Diamond Core holes for 18 123m over the 2.3km strike that had been defined for the resource estimate. This represented the culmination of over 18 months of continuous drilling, and had identified one of the world’s largest known uranium deposits.

Bannerman is currently establishing a sample preparation laboratory, to be run by an independent commercial laboratory firm, in Swakopmund for the exclusive use of the company. It is expected that this facility will greatly expedite the processing of drill samples.

Exploration drilling on the other prospects has now commenced with drilling being conducted at Oshivelli, Rossingberg and at Ombuga South.