Berkeley Resources (AIM:BKY) today announced it has commenced the first phase of Reverse Circulation (RC) drilling at the Salamanca Uranium Project in Spain. Three rigs have been mobilized to site and are drilling with another rig to commence shortly. This new programme aims to achieve the following objectives:
- To upgrade the current resource classifications from Indicated to Measured and from Inferred to Indicated
- To test for lateral and depth extensions of the current resource in areas where recent diamond drilling has shown the deposits are open
- To test a number of high priority targets identified by surface mapping and ground radiometrics that are proximal to the existing resource
Commenting on the start of the RC drilling campaign, the Managing Director of Berkeley Resources Mr. Ian Stalker said:
"In addition to upgrading the current resource classifications into indicated and measured categories, the RC drilling campaign will also test the potential extensions of the current resources and additional exploration targets in the area".