LETLHAKANE URANIUM PROJECT UPDATE
PROJECTS AND EXPLORATION •
• The auger drill program has identified 15 significant targets for RC / DD drilling for further resource expansion , many of which are equal to or several times larger than Tchaga or Gogbala
• A new mineral trend-oriented northwest identified in auger and confirmed by artisanal mining
• Infill auger drilling returned several gold results over 0.5g / t Au ( considered high for auger ) which include 4.8g / t Au , 1.1g / t Au and 0.8g / t Au
• Structural consultants have concluded their field work at Napié ( with a report due at time of writing )
• Structural interpretation will be incorporated into auger interpretation and will greatly assist planning of the next drill program
LETLHAKANE URANIUM PROJECT UPDATE
Location : Botswana Phase : Exploration Resource : Uranium
At the end of March this year , A-Cap Energy Limited returned major uranium intersections in drilling at its flagship Letlhakane Project in Botswana , host to one of the world ’ s top 10 undeveloped uranium resources .
A-Cap MD Dr Andrew Tunks said the diamond drilling intercepts confirmed Letlhakane ’ s phenomenal potential .
“ It is a massive low-grade deposit with thick mineable lenses of mineralisation that are very continuous . The next steps are to get this sample material to Australia and commence a raft of beneficiation testwork to determine the potential to upgrade the ore and reduce the acid consuming minerals . These two factors will have an enormous impact on an updated feasibility study which we will commence once the data is received ,” Dr Tunks said .
Highlights : Multiple thick lodes intersected in drilling . Best results include :
• GODD0093 8.0m @ 448 ppm U 3
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[ 45.3m ], including 1.1m @ 1 942 ppm U 3
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• GODD0094 7.2m @ 224 ppm U 3
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[ 38.7 ], including 0.9m @ 739 ppm U 3
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• GODD0097 7.4m @ 192 ppm U 3
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[ 43.5m ]
• GODD0099 6.3m @ 227 ppm U 3
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[ 28.0m ]
• MOKD0114 10.6m @ 182 ppm U 3
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[ 9.0m ]
• MOKD0120 6.8m @ 371 ppm U 3
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[ 38.8m ], including 1.4m @ 708 ppm U 3
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• SEDD0029 16.1m @ 276 ppm U 3
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[ 36.5m ], including 1.0m @ 954 ppm U 3
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• SEDD0031 8.0m @ 358 ppm U 3
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[ 55.0m ], including 0.8m @ 2 260 ppm U 3
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• SEDD0033 7.9m @ 487 ppm U 3
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[ 31.8m ], including 2.4m @ 1 167 ppm U 3
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Letlhakane ’ s phenomenal potential confirmed .
www . africanmining . co . za African Mining • July 2023 • 13