It is expected that the program will run for approximately 20 days, given no major disruptions. Newera had completed a review of the data generated under a previously flown Variable Time Electro Magnetic (VTEM) survey on its Jailor Bore project.
The company said that that the review has identified seven separate moderate to strong sub-surface conductors to encourage this new drill program to test whether the source of any of the conductors are sulphide rich bodies containing either Uranium or base metals mineralization.
The original VTEM survey covered portions of tenements E09/1194 and E09/1298 within Newera’s Jailor Bore project area. Before launching this review, Newera had undertaken a drilling program in 2008 at Jailor Bore to test a series of surficial, uranium radiometric anomalies at the Ben Hur and Giant and Willi Creek prospects. The results of that program determined that a near surface Exploration Target of one million pounds of uranium existed at the Giant prospect.
Having successfully tested the near surface radiometric uranium targets at Jailor Bore and confirmed the presence of uranium mineralization at the Giant prospect, it was determined that the company should review the VTEM survey data as the next step in deeper target generation, and to prioritize for future drilling, those deeper targets considered prospective for both base metals (copper /lead/zinc) and uranium.
The company said that during the review of the VTEM survey data, management in consultation with geophysicists Southern Geoscience Consultants, prioritised a total of seven individual VTEM conductor targets which are to be tested in a new 2,000mt drill program, now set to commence on or about January 18, 2010.
