Kingsland (ASX:KNG) energised at Cleo Uranium Project
Kingsland Minerals has shown open potential for scale uranium tonnage following one-metre resplits revealing up to 4394 ppm U3O8 amongst long runs of compelling average grades from the Cleo Uranium Project near Pine Creek in the Northern Territory.
The compelling RC drilling returned 43m @ 751ppm U3O8 including 10m @ 2,134 ppm (0.21%) U3O8, including a 2-metre section containing the top grade.
Plan of Cleo Uranium Project Drilling showing U3O8 grades and intervals and location of cross sections
Another standout was 46m @ 535 ppm U3O8, including 5m @ 1,983 ppm (0.20%) U3O8, also including 1m @ 4,394 ppm (0.44%) U3O8 (CLRC015 from 62m).
Significant 4m composite results returned 80m @ 546 ppm U3O8, including 20m @ 1,551 ppm (0.16%) U3O8 (CLRC017 from 24m).
“The results received to date indicate that there is significant potential for a high tonnage, shallow body of uranium mineralisation at Cleo, “Managing Director Richard Maddocks said.
“Downhole widths of 80m from 24m depth in hole CLRC017, 43m from 118m depth in hole CLRC029 and 46m from 62m depth in hole CLRC015 back up this potential.
“Results show that there are higher grade components within this wide zone with significant grades of up to 0.44% U3O8 returned.
“We are looking forward to receiving the remaining assay results and fully assessing the upside at Cleo in preparation for the next round of drilling”.
Price Action
The Company’s ASX-listed shares are 18c in early morning trading.
Next Steps
With 3,229m of RC completed, diamond drilling will continue until early November.
About Kingsland Minerals
Kingsland Minerals Ltd is an exploration company with assets in the Northern Territory of Australia and Western Australia, with a near term focus on the exciting uranium prospects at Allamber and Shoobridge in the NT.