Crescent Gold reports Core Drilling Confirms Uranium Mineralisation

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Tue, Jan 5, 2010
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

Crescent Gold reports exciting uranium assay results from its Sturt project tenements centred on Moomba, South Australia.

Complete cores were obtained through the mineralised intervals providing high-quality samples which were assayed using pressed powder XRF by Genalysis Laboratories. The uranium mineralisation at both localities has been found to occur in dark clays directly underlying oxidised channel sands.

Roland Hill, Managing Director of Crescent Gold says:

“Assays of this magnitude enhance the significance of our announcement on 25 September 2009 of the discovery of extensive sedimentary uranium anomalism hosted in the Namba Formation sediments of Tertiary age.”

“The discovery of strong uranium grades in bounding clays is indicative of the passage of a strongly mineralised system through adjacent permeable sands.”

“We plan to explore these channel sands down hydraulic dip in search of uranium mineralisation retained within the sands themselves. Sandstone hosted uranium mineralisation of this style is potentially amenable to low cost, low impact solution mining techniques.”

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

Uranium Investing News researchers discovered Crescent Gold’s project described on their website.

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