Drilling Report
Berkeley Resources Limited
10 April 2008
10 April 2008
INITIAL DIAMOND DRILLING AT GAMBUTA CONFIRMS SIGNIFICANT
SHALLOW URANIUM MINERALISATION
The Directors of Berkeley Resources Limited (AIM: BKY.L) are pleased to provide
initial results of the first stage program of diamond and RC drilling at the
Gambuta prospect in Caceres Province, Spain.
Four diamond core holes have been drilled to twin historical roto-percussion
holes within a north-east trending area of 900m by 400m. All four holes have
intersected significant shallow uranium mineralisation. Assays for the first
three holes completed include:
Hole GAM-001 8.0 metres @ 0.0586% U3O8 from 0.0m
Hole GAM-002 12.5 metres @ 0.0741% U3O8 from 0.0m and
4.0 metres @ 0.0997% U3O8 from 28.0m
Hole GAM-004 17.7 metres @ 0.0292% U3O8 from 11.5m, including
7.0 metres @ 0.0431% U3O8 from 14.5m
The third hole (GAM-003) was terminated at 36m and has subsequently been
re-drilled to 64.6m. Down hole radiometrics for the completed portion of GAM-003
shows similar peaks to the other 3 holes and assays are awaited.
These results confirm the presence of extensive, near surface uranium
mineralisation, at potentially economic grades, and provide substantial
encouragement at the beginning of Berkeley's program to drill test historic and
new targets within the Caceres VI licence.
The Gambuta prospect was previously drilled by CISA (a joint venture between
Areva and ENUSA) in the early 1990's. That campaign of 24 roto-percussion drill
holes, together with Berkeley's radiometric surveys, has now defined extensive
mineralisation within an area of 900m by 400m. This mineralisation is likely to
continue beneath Tertiary cover, both within the area and along strike.
A Reverse Circulation drilling program to test the broader extent of the anomaly
will commence shortly.
Enquiries - Managing Director: Matt Syme Tel: +61 417 906 717
RBC Capital Markets: Martin Eales Tel: +44 20 7029 7881
Background
The Gambuta project is located 6kms to the west of Bohonal de Ibor in the
extreme west of Berkeley's Caceres VI licence. This licence contains a number of
perigranitic uranium mineral occurrences of which Gambuta is a typical example.
Other prospects include El Zarzal and Ojaranzo, located in the central and
eastern part of the tenement respectively.
The initial discovery of uranium mineralisation at Gambuta was made by the Junta
Energia Nuclear ('JEN') during the 1960's. Follow up by CISA (a joint venture
between ENUSA, the Spanish State uranium company, and COGEMA, the French company
now called AREVA) during the early 1990's included a program of geological
mapping, detailed ground radiometrics and trenching (11 totalling 240m), which
helped target a program of 24 roto-percussion drillholes (1721.8m).
CISA records indicate that 21 of these 24 holes encountered significantly
anomalous radiometrics in the downhole logs, which they believed equated to
uranium mineralisation. CISA's radiometric and geological logs broadly define
the magnitude and tenor of the anomaly and differentiate between intrusive and
metasedimentary material and the degree of weathering. Only summarized downhole
gamma readings are available. No chemical assays were completed. Several
historic drill collars have been located and their positions are within
acceptable limits (1-2m).
CISA identified a north-westerly trending mineralised structural zone with
dimensions of approximately 900m x 400m, including an area of untested Tertiary
cover in the central area.
Aerial Survey
In late 2007 Berkeley completed a helicopter-borne radiometric and magnetic
survey over the Caceres VI licence to better define the extent of the known
uranium occurrences and to identify potential extensions and possible new
occurrences.
The survey comprised 1,468 line kilometres on 100m spaced north - south lines
using a towed magnetic sensor at a nominal height of 35m and a spectrometer
inside the aircraft. The survey specifications, supervision, quality control and
data interpretation were undertaken in conjunction with Berkeley's senior
geophysical consultant, Bob White.
The results show the Gambuta uranium mineralisation to occur adjacent to
thorium-rich, differentiated granite with potential for significant extensions
to the South East along the granite margin.
The Gambuta radiometric anomaly appears to be blanketed by Tertiary cover which
extends to the north and west into areas where the magnetics suggest east-
north-east orientated structures in the underlying granitic body. The northern
portion of the Gambuta anomaly increases in strength towards the northern most
contact with the Tertiary.
A magnetic anomaly also occurs under the cover and magnetic features are
associated with uranium mineralisation in most areas.
Berkeley Drilling
Four angled diamond core holes have been drilled to test the results of
historical percussion drilling and to clarify geological and structural controls
on the mineralisation.
TABLE 1. BERKELEY RESOURCES DRILL DETAILS and INTERSECTIONS (200ppm cut-off)
HOLE_ID UTM_E (m) UTM_N (m) RL Inclination EOH From To Interval %U3O8
GAM-001 291,730 4,404,118 387 -60 to 000 103.0 0.0 8.0 8.0 0.0586
10.0 11.0 1.0 0.0218
19.0 20.0 1.0 0.0512
34.0 35.5 1.5 0.0301
37.5 38.5 1.0 0.0389
45.0 46.0 1.0 0.0768
55.0 56.0 1.0 0.0343
58.5 59.5 1.0 0.0338
GAM-002 292,381 4,403,899 369 -60 to 000 85.0 0.0 12.5 12.5 0.0741
21.5 22.5 1.0 0.0312
24.0 25.0 1.0 0.0394
28.0 32.0 4.0 0.0997
34.5 35.5 1.0 0.0340
GAM-004 292,368 4,403,828 353 -70 to 180 61.7 11.5 12.3 0.8 0.0218
14.5 21.5 7.0 0.0431
22.5 23.5 1.0 0.0397
24.5 25.5 1.0 0.0531
27.0 29.2 2.2 0.0256
34.0 35.0 1.0 0.0285
The Grid has a datum of UTM 30N ED50.
These results confirm the significance of the results obtained in the previous
CISA roto-percussion drilling and indicate the potential for extensive shallow
mineralisation.
A program of Reverse Circulation (RC) drilling will be undertaken in the June
Quarter to further test the continuity and extent of the mineralised system.
Geology
A basement of thermally altered Cambrian to Precambrian metasediments
(originally shales and greywackes) has been intruded by numerous aplitic dykes
close to the western contact of an extensive Hercynian granite batholith.
Tertiary cover of clays, sands and gravels has been partially removed by recent
erosion to expose windows of poorly outcropping metasediments with near-surface,
litho-structurally controlled uranium mineralisation.
Although no primary mineralisation has been observed, high radiometric values
are associated with closely spaced sub-vertical shears and fractures, often with
pyrite grains aligned sub-parallel to the main cleavage (110-1200). A genetic
model, similar to that developed for the Retortillo deposit, appears to also
apply at Gambuta; where oxidized ground waters carrying dissolved uranium
species come in contact with a reducing metasedimentary package, resulting in
deposition of the uranium as pitchblende and coffinite. Secondary autunite was
noted on fracture surfaces in the GAM-002 drill pad.
Radiometric anomalies coincide with topographic lows where Tertiary cover has
been eroded. Further, the radiometric lows coincide with topographic highs and
intact Tertiary cover.
The strike of the two areas of radiometric highs coincides with the geological
strike and therefore continuity of mineralisation beneath Tertiary cover is very
likely. Interestingly, the highest grade mineralisation at Retortillo occurs
beneath such cover.
This information is provided by RNS
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