Forsys Metals lifts Namibian flagship’s resources
TORONTO (miningweekly.com) – Namibia-focused uranium explorer Forsys Metals has completed a resource update for its flagship Norasa project, in that country, lifting the measured and indicated resources by 10% and increasing the average grade by 13%.
The Canadian National Instrument 43-101-compliant measured and indicated resources had increased to 103-million pounds of uranium, up from 94-million pounds, and the grade rose to 197 parts permillion (ppm) as a result of higher cutoff grades of 100 ppm at Valencia and 170 ppm at Namibplaas.
At lower cutoffs, of 60 ppm at Valencia and 100 ppm at Namibplaas, measured and indicated resources totalled more than 150-million pounds of uranium.
The company on Monday said the updated resource estimate was based on an extensive drilling programme at the Namibplaas and Valencia extension deposits, together with a detailed modelling review of the main Valencia deposit.
Forsys expected to release an updated reserve statement before the end of the first quarter of 2014.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation