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Albidon finds high-grade uranium mineralisation at Chisebuka prospect, Zambia


Published : Fri, 17 Aug 2007 07:28
By : Agencies
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LONDON (Thomson Financial) - Albidon Ltd said it found high-grade uranium mineralisation at the surface of the Chisebuka prospect in Zambia.

Assay results include 4,823 parts per million (ppm) of uranium oxide, 2,123 ppm, 1,810 ppm and 1,297 ppm. Eleven samples returned assays greater than 100 ppm of uranium oxide at surface and a further six samples between 100 and 500 ppm.

Reconnaissance drilling is expected to start in September.

Chisebuka is part of the Kariba Valley joint venture project. African Energy may earn a 30 pct interest in the project.

julie.crust@thomson.com

jc

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