www.mindax.com.au
Mindax (ASX: MDX) is building a significant portfolio of iron, uranium, gold and copper projects in Western Australia's Yilgarn Craton, Mindax Limited is a technically advanced and committed minerals explorer. Listing on the ASX at the end of 2004, Mindax has built its portfolio to 43 tenements covering 5025 sq km. Main projects are Mt Forrest iron, the Yilgarn-Avon uranium Joint Venture and the Mortlock copper-gold project.
Mindax kicks-off highly anticipated drill program at WA uranium project
Mindax Limited (ASX:MDX) has updated progress at the Yilgarn Avon Joint Venture between Mindax Energy Pty Ltd (50% and manager) and Quasar Resources Pty Ltd (50%).
Drilling has recommenced at Mukinbudin, 200 km northeast of Perth where high grade uranium was defined in earlier exploration work.
A further 70 holes for 6000m are to be drilled adjacent to anomalous intercepts where economic grades of roll front sedimentary uranium mineralisation were encountered in October 2009.
This drilling will further define the Jindarra area where YAA0184 encountered 37-38m 1m @ 1690ppm U (equivalent to 0.20% U3O8) and YAA0188 encountered 38-41m 3m @ 1243ppmU (equivalent to 0.15% U3O8).
The intercepts compare very favourably in terms of both grade and thickness to economic uranium mineralisation elsewhere in WA and further vindicate the search for uranium in this palaeochannel system, now clearly an emerging new uranium province.
The YAJV control 2640 square km of tenements in the area which include 275 km or 75% of prospective channel.
Quasar Resources Pty Ltd is an associate of Heathgate Resources Pty Ltd. Heathgate is the operator of the Beverley-Four Mile uranium mine in South Australia.
