New Uranium Intersections of Up to 11 Metres of 3.4% U3O8

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Mon, Nov 9, 2009
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

Crocodile Gold Corp. reports uranium drill results announced by its joint venture partner, Thundelarra Exploration Ltd on November 4, 2009 on certain properties located 140 kilometres south of Darwin in the Northern Territory of Australia, and is termed the Thunderball uranium prospect.

 Thundelarra has a 70% interest until development and must spend a minimum of AUS$500,000 per year for the first three years, and has the right to apply for a mining tenement on behalf of the joint venture. Crocodile Gold has a 30% free carried interest until development through the agreement with Thundelarra.

Assays were received from diamond drill hole TPCDD026 which included 11 metres of 3.4% U3O8 including 4.6 metres of 8.0% U3O8, the best intersection received to date. Details are in Table 1 below.

For full details of this press release, click this link.

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