Uranium Equities said that confirmed widths of high grade uranium has been found in reverse circulation drilling at its Nabarlek project in the Northern Territory, which is a joint venture with Cameco Australia.

Twin Hole NAD7492 returned 6.65m @ 2.6% eU3O8 from 74.2m; and Scissor Hole NAD7493 returned 6.35m @ 1.39% eU3O8 from 79.8m.

Uranium Equities drilled two additional diamond holes to the north and south of the high-grade intercepts to test for continuity of mineralization failed to intersect significant uranium.

However, results were still anomalous with NAD7494 returning 6.6m @ 0.06% eU3O8 from 62.7m; and NAD7495 returning 0.95m @ 0.09% eU3O8 from 57.85m and 0.45m @ 0.06% eU3O8 from 84.6m.

The high-grade intercepts remain the most significant recorded to date in the Nabarlek Project area outside the old Nabarlek Mine, which points to the potential for further discovery.

NAD7492 is the twin of NAR7389 and is projected to have intersected the mineralization approximately 1m to the north of the mineralization in NAR7389 that was followed up by a second scissor diamond drill hole (NAD7493), which intersected the same structure approximately 4m further north.