ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

MUU Murchison Utd

2.00
0.00 (0.00%)
02 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Murchison Utd LSE:MUU London Ordinary Share AU000000FTE4 NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Drilling Report

15/10/2007 8:21am

UK Regulatory


    FOR:  MURCHISON UNITED N.L

AIM SYMBOL:  MUU
ASX SYMBOL:  MUR

October 15, 2007

Murchison United NL: Uranium Drilling to Commence in Mauritania West Africa

- Initial 4,000m RC drilling program to commence in Bir En Nar region of Mauritania.

- Drilling scheduled to commence in the first half of November 2007.

- Drilling to follow up previously reported sampling results of up to 9,500ppm Uranium.

PERTH, WESTERN AUSTRALIA--(Marketwire - Oct. 15, 2007) - Murchison United NL (ASX:MUR)(AIM:MUU) is pleased to
announce that it is preparing to commence its second uranium drilling program in West Africa, focusing on one
of its key Exploration Licences in the Bir En Nar region of the Republic of Mauritania.

The forthcoming drilling represents the first drilling program to be conducted by Murchison United within the
extensive portfolio of uranium interests it has secured in Mauritania. It follows the successful completion of
its maiden drilling program earlier this year at the Firawa prospect in Guinea, which returned encouraging
initial results.

The drilling program at Bir En Nar is scheduled to commence in the first half of November 2007, and will
comprise 40 RC drill holes to an average depth of 100m per hole for a total of 4,000 metres of drilling. The
drilling will focus on one of the Company's southernmost licences in the Bir En Nar region, where episyenite
samples collected during previous field reconnaissance visits have returned assays of up to 9,500ppm U.

The Company's original intention was to conduct a program of diamond drilling at Bir En Nar, however this was
changed due to difficulties in obtaining adequate water supplies.

Samples will be taken every metre for multi-element analysis in Canada and the Company will release the results
of the drilling to the market as they become available. Figure 1 overleaf shows the planned drill-hole
locations in relation to historical exploration work undertaken in the region by Minatome. The map also
indicates locations where samples of greater than 2,000ppm U were collected during previous field visits
conducted by Murchison United.

To view Fig.1 Planned R/C drilling program, click on the following link:

http://www.ccnmatthews.com/docs/muu115a.pdf

To view Fig.2 Location of Murchison United's "Group 4" Uranium Exploration Permit Areas in Mauritania, click on
the following link:

http://www.ccnmatthews.com/docs/muu115b.pdf

Murchison currently holds six uranium exploration permits in Mauritania covering a total area of 8,200km2 with
additional permits under application. The permit areas are in the north of the country near the town of Bir
Moghrein and in the Bir En Nar region. They are contained within the Reguibat Shield, part of the West African
Craton.

This significant uranium exploration opportunity was originally identified by the Company's Technical Director,
Mr Bosse Gustafsson, from a study commissioned by the World Bank, and further refined from aeroradiometric data
highlighting the areas' prospectivity for uranium occurrences and follow up field reconnaissance visits.

To view Fig.3 Location of Murchison United's Bir En Nar Project in Mauritania, click on the following link:

http://www.ccnmatthews.com/docs/muu115c.pdf

Commenting on the announcement, Murchison United's Managing Director, Mr Mark Reilly, said the Company was
embarking on an exciting phase with the commencement of drilling in Mauritania to follow up promising results
from previous fieldwork.

Murchison United has secured an extensive portfolio of uranium exploration projects comprising some 13,600km2
of highly prospective tenements in Mauritania and Guinea, West Africa. Its objective is to delineate
significant new uranium deposits within these under-explored terrains.

Murchison United NL is an Australian-based no liability company whose principal activity is minerals
exploration. The company currently has uranium exploration projects in Mauritania and Guinea in West Africa and
copper interests in the Millennium copper leases in Cloncurry, Queensland and the Maroochydore copper project
in Western Australia.

Shares in the company are listed on both the Australian Stock Exchange (ASX:MUR) and the Alternative Investment
Market (AIM:MUU) of the London Stock Exchange.

The information in this announcement that relates to exploration results is based on information compiled by
Mr. Bosse Gustafsson, who is a member of the European Federation of Geologists a Recognised Overseas
Professional Organisation ("ROPO"). Mr Bosse Gustafsson is a full time Technical Director of Murchison United
NL and is responsible for exploration activities in Mauritania and Guinea. Mr Gustafsson has sufficient
experience, which is relevant to the style of mineralisation and the type of deposit under consideration and to
the activity, which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the
'Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserve'. Mr Gustafsson
consents to the inclusion in this report of the matters based on their information in the form and context in
which it appears.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Murchison United NL
Mark Reilly
Managing Director
+618 9322 4071
+618 9322 4073 (FAX)

OR

RFC Corporate Finance Ltd.
Stuart Laing
Nominated Advisor for the AIM market
+618 9480 2506

								
Murchison United N.L



								

1 Year Murchison United Nl Chart

1 Year Murchison United Nl Chart

1 Month Murchison United Nl Chart

1 Month Murchison United Nl Chart

Your Recent History

Delayed Upgrade Clock