The company said that further drilling is slated to determine the potential for a satellite pit in this location, adjacent to the southern end of the Etango deposit.
Anomalous zones have been identified from a Radon cup survey at the Rossingberg Prospect, 8km to the north of Etango. Drilling programs to test the identified anomalies are now scheduled.
Additional high-grade intersections have been received from infill drilling at the Oshiveli area of the Etango deposit, with the intersected mineralization expected to add to the confidence of the existing resource estimate in this area.
On 10 May 2010, Bannerman provided the results of a RadonX survey in areas within and surrounding the Etango deposit. The survey covered an area of approximately 50sqkm and it identified a number of potentially uraniferous areas indicated by anomalous radon gas measurements.
Bannerman commenced reverse circulation (RC) drill testing of these anomalies in mid May. By 20 July 2010, a total of 42 RC drillholes had been completed on the anomalies.
Drilling is continuing in the Ondjamba REC area, following which preliminary mine optimization work is planned to test the economic viability of a satellite open pit at Ondjamba.
During June and July 2010, Bannerman extended its RadonX survey program to the Rossingberg Prospect area approximately 8km to the north of the Etango deposit.
The Rossingberg trend represents a large mineralized system up to 16km long, with the potential for an undiscovered major deposit. The best anomalism appears to lie in the center of the Rossingberg survey area, in a location with minimal radiometric anomalism. A drilling program is scheduled to test the identified Radon anomalies at Rossingberg.
Recent diamond drilling at Oshiveli in the northern part of the Etango deposit has targeted conversion of known Inferred Resource material to Indicated and Measured Resource categories, and has also sought to confirm interpreted extensions of the known mineralization.
