Aura Energy Discovers Uranium Mineralisation at Sweden Project

30 May 2011 (Last Updated May 30th, 2011 18:30)

Aura Energy has identified extensive uranium mineralisation from an initial drilling programme on its Kallsedet uranium project in Sweden. The firm has conducted 419m of drilling on four holes, revealing thick, mineralised intersections varying from 12m to 98m in cumulative thickness.

Aura Energy has identified extensive uranium mineralisation from an initial drilling programme on its Kallsedet uranium project in Sweden.

The firm has conducted 419m of drilling on four holes, revealing thick, mineralised intersections varying from 12m to 98m in cumulative thickness.

The results have confirmed the widespread occurrence of uraniferous shale in the project area, showing good potential for Aura Energy to establish another significant deposit in Sweden.

The firm has drilled three holes on the Olden permit and one hole on the Hamborg permit, which are 100% owned by the firm.

Aura Energy's managing director Bob Beeson said the thicknesses of mineralisation found in the drilling was greater than the surface mapping indicated.

"Aura holds 90km² of permits with the Kallsedet project, and the company considers that significant proportions of this area are underlain by mineralised Alum Shale," Beeson said.

The firm will conduct further drilling to explore the potential of the outcropping alum shale in Aura Energy's permit zones.