Proactive Investors - Run By Investors For Investors

Niger Uranium kicks off exploration drilling in Niger

Niger Uranium kicks off exploration drilling in Niger

Niger Uranium (LON:URU) has begun exploration drilling on its In Gall and Irhazer uranium licenses in Niger.

The programme will evaluate three uranium targets at an estimated cost of US$650,000.

"We are delighted to announce the restart of our exploration activities in the highly prospective In Gall and Irhazer license areas,” chairman Paul Loudon said.

Drilling is initially focused on the Aboye target on the In Gall license, with five holes scheduled for around 1,250 metres.

At Aboye the company hopes to delineate a 3 square kilometre zone, which could contain a uranium mineralisation trap.

On the Irhazer license Niger is drilling more than 2,000 metres on the Akenzigui target.

According to Niger Akenzigui’s ‘geological faulting and doming’ resembles the Azelik Mine which is around 40 kilometres away.

The Azelik Mine is currently being developed by a consortium led-by state backed China Nuclear International Uranium Corporation and the Niger government.

The company is currently mapping a third target in the north of the Irhazer permit.

View full URU profile View Profile

URU Metals Ltd Timeline

December 23 2016

Related Articles

Peninsula Energy's at Proactive's CEO Sessions
November 16 2017
David Coyne at Proactive's CEO Sessions in Melbourne and Sydney.
picture of crusher
August 30 2017
Shares jump 12% as Oman's sovereign wealth fund heavily backs Salamanca project

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use