WildHorse Energy has completed first phase of the uranium confirmatory drilling program at the Mecsek Hills uranium project in Southern Hungary. Uranium mineralisation was intersected in four of the first five confirmatory holes drilled on the Mecsek South target area on the MML-E license.
The MML-E license is held by project partner Mecsek-Oko and forms part of the Mecsek Hills Uranium project with WildHorse’s Pecs and Abaliget licenses.
This confirmatory drilling program commenced on the MML-E license in December 2009, and has been designed to be combined with the substantial volume of historical drilling data with the objective of generating an inferred resource from the MML-E license area.
Any inferred resource generated on the Mecsek South target will be in addition to the existing JORC inferred resource on WildHorse’s adjacent Pecs license of 17MT at 0.08% U3O8 for 30Mlbs of U3O8.
Samples are being despatched from the site and will be prepared and assayed through ALS Chemex. The company expects to have assay results from these five holes in two stages – the first in mid-late April and the second in May. Technical evaluation of these results, and the ability to generate a Joint Ore Reserves Committee (JORC) inferred resource from the drilling results on the Mecsek South target area, will commence following receipt of all the assay data.
Following the completion of the drilling on the MML-E license, the company will move to commence the Pecs resource extension drilling program in mid May, once the final drilling and environmental permits are expected to be in place. This second phase of the drilling program is to drill two resource extensional holes on the northern extent of the Pecs JORC inferred resource.
The Mecsek Hills project area covers WildHorse’s Pecs uranium project (Pecs and Abaliget licenses), and includes the former uranium mine (mining concession) that adjoins the western boundary of WildHorse’s Pecs project area. These zones to the west of Pecs, which are held by Mecsek-Oko, are shallower and offer potential access through uranium bearing sandstones on the mining concession into WildHorse’s area of existng JORC resource at Pecs.
Following the current drilling program, WildHorse plans to complete its technical review of the project area, which includes the verification and digitisation of the historical drilling dataset that covers the Pecs and Abaliget licenses.
Over 400 historical exploration drill holes exist in the project area and have provided the basis for the current exploration target for the Mecsek Hills project area. The aim of this drilling program is to verify the integrity of the historical data set, and may provide further geological information to extend the JORC inferred resource at Pecs, the company said.