African uranium licence granted to Shield Mining

30 June 2008 | 03:41 Code : 17640 Geoscience events
visits:87
Australia’s Shield Mining Ltd has been awarded another licence – its third - to...

  Australia’s Shield Mining Ltd has been awarded another licence – its third - to explore for uranium in the west African country of Mauritania.The latest approval covers an area of 1,074 square kms, giving Shield a total uranium-only exploration licence area in Mauritania of 3,889km2.Shield has previously been granted two uranium licences and still has three uranium exploration applications currently with government authorities.“This new uranium licence is in the Conchita Florence area in northern Mauritania,” Shield Mining’s Chief Executive Officer, Mr David Netherway, said.“Our initial work program will comprise a series of ground spectrometer traverses over the ‘hamadas’ as an adjunct to the current work programs for gold and base metals in the area.”Hamadas are the topographically inverted calcreted lakebeds, the basal units of which are recorded in the northern Mauritania region as containing uranium mineralisation.This new uranium licence in Mauritania take Shield Mining’s total landholding under licence in the country to 18,845 km2Shield Mining Ltd is an Africa-focused gold and base metals explorer listed on the Australian Stock Exchange.


Your Comment :