Berkeley Resources (AIM & ASX: BKY) announced that it has mobilised three diamond drilling rigs for the initial confirmatory drilling program at the Salamanca Uranium Project, Spain. The program plans to drill 5,000m over 60 holes.
The drilling program intends to verify and supplement the projects exploration targets, enable a JORC compliant resource estimate and provide representative geotechnical and metallurgical samples.
In January 2009, Berkeley entered a Co-operation Agreement with ENUSA Industrias Avanzadas S.A, under the agreement Berkeley will undertake a Feasibility Study with a view to re-commencing uranium mining based on ENUSA and Berkeley's assets.
Berkeley will have the right to acquire up to 90% of ENUSA's uranium mining and exploration assets, including State Reserve permits and access to ENUSA's Quercus uranium processing plant, which was previously permitted to produce up to 950 tonnes per annum of U3O8 uranium. In May commenced the Feasibility Study process on the Salamanca Uranium Project, the Feasibility Study is expected to take up to 18 months.
The latest drilling programme focuses specifically on two exploration targets off the historically producing Mina Fe deposit. The Mina D deposit is separated from Mina Fe by the Agueda River and was partially mined in 3 shallow open pits at its northern end by ENUSA in the 1990's. The northern portion of Mina D has been intensely drilled and appears to be separated into two distinct zones that strike NNW and dip at a low angle to the west. The mineralisation appears to plunge gently southwards becoming progressively deeper in this direction beneath Tertiary cover.
The Sageras-Zona M deposit is interpreted as the North West extension of Mina Fe and is located within 3 km of the Quercus processing plant. Sageras is the part of the deposit located inside ENUSA owned land and Zona M is the part located outside.
The mineralisation occurs at or close to the surface and extends for a distance of about 1.5km in a north-westerly direction from the restored Mina Fe open pit. The deposit occurs as a sub-horizontal body of continuous and semi continuous mineralisation ranging from 10m to 50m in thickness and from surface to 100m deep.