The drill program included 76 exploration boreholes drilled of 35,760ft in September and October of 2011.
The aim of the program was to upgrade the existing inferred resource to an indicated resource, to capture more of the historic resource and explore new mineralization.
The initial independent mineral resource estimate on the project included an indicated resource of 1.09 million pounds of uranium oxide and an additional inferred resource of 3.25 million pounds of uranium oxide.
A preliminary economic assessment (PEA), which will assess the size of the project, is scheduled to be completed in early 2012.
The PEA will generate an initial estimate of the capital investment required to bring the project into production.
