This ninth uranium-bearing zone at Aricheng C now extends 350m long, and is open along trend and at depth.
Results from scout drilling suggest that the Kurupung structures identified to date may contain a conceptual target of 13-18 million tonnes at a grade of 0.08% to 0.10% U3O8 (for an estimated 30-32 million pounds (mlb) U3O8) including the initial National Instrument 43-101 (NI 43-101) resource estimate of 5.8mlb U3O8 Indicated and 1.3mlb U3O8 Inferred1.
The Aricheng C structure is orientated northeast and dips about 70° to the northwest.
Mineralization occurs within a brecciated albitite-altered zone and is marked by a corridor of relatively low magnetism that extends eastwards through the area in which the 10 exploration bore holes were drilled.
The easternmost bore hole (ARC-006) appears to have been drilled to the east of a fault that is suspected to have displaced the eastern extension of the Aricheng C structure to the northeast.
