https://www.engineeringnews.co.za

Forsys Metals lifts Namibian flagship’s resources

8th October 2013

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

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.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 0.947s - 140pq - 2rq
Subscribe Now