Grade cheer at Berkeley Energia
Uranium play Berkeley Energia (BKY) is trumpeting encouraging initial exploration results from the high-grade Zona 7 deposit within its wholly-owned Salamanca project, hosting an estimated resource of 90.5million lbs. of uranium U308 in central-western Spain. Entrepreneurial managing director Paul Atherley describes the Zona 7 results, which include 14 metres with 4,481 parts of uranium U308 per million of material and six metres with 3,274 parts per million, as 'transformational', while declaring another Salamanca prospect, Retortillo, is likely to face potential operating costs of some $15.60c (£10.90p) a lb., which is less than half the present 'market' price of uranium, at $34.75 a lb.
- By Robert Tyerman
- 2016-01-29 01:06:08