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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.

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December 23 2016

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