Raisama has identified high-grade uranium mineralisation at surface in a previously unexplored region at its Chain Pool project in the Gascoyne region of Western Australia.

Rasiama’s field validation, geological mapping and sampling program has identified potentially surface uranium mineralisation from at least five targets at Chain Pool. Thirteen rock chip samples were analyzed and include results of 1,014ppm (0.101%) U3O8, 658ppm (0.066%) U3O8, 645ppm (0.064%) U3O8, 644ppm (0.064%) U3O8 and 512ppm (0.051%) U3O8.

These samples were taken at surface in an area not previously explored. These samples support initial Raisama samples taken in 2009, including 1,698ppm (0.170%) U3O8 and 1,091ppm (0.109%) U3O8. Raisama has now identified 19 new uranium targets at the Chain Pool project area from an airborne radiometric survey, flown for Raisama.

These new targets have the potential to host Rossing style granite hosted uranium mineralisation. Field checking and appropriate mapping of these targets will occur over the next month. The aerial survey was designed to provide higher resolution data to identify focused targets for follow up fieldwork and drill hole planning. As a result of digital processing and review of the radiometric survey data, multiple targets have been identified.

The targets vary in size up to a maximum of approximately 1.8sqkm. The newly identified uranium targets extend over a distance of more than 15km in a northwest trend marginal to a major structural boundary. The strike of the targets range in extent from 0.4km to more than 2.6km and provide significant follow-up exploration potential, the company said.

The new targets have the potential for granite-hosted uranium mineralisation similar in style to that seen at Rossing in Namibia. A total of 4,545 line kilometres of airborne radiometric and aeromagnetic data was flown at 25m line spacing over the Chain Pool project. Chain Pool is 40km southeast of the Manyingee uranium deposit and 50km northwest of the Jailor Bore terrace calcrete uranium deposit in the Gascoyne province of Western Australia.

The Chain Pool project consists of one granted exploration licence and one exploration licence application covering an area of approximately 270sqkm.