StockMarketWire.com - Berkeley Energia has confirmed high grade intercepts at the Zona 7 deposit at its 100% owned Salamanca mine in western Spain.

Results from the final holes drilled in the current programme include:

- 12 metres @ 1,003 ppm U3O8 including 1 metre @ 2,464 ppm U3O8

- 2 metres @ 2,002 ppm U3O8 including 1 metre @ 3,761 ppm U3O8

- 2 metres @ 1,357 ppm U3O8

The company said the latest drilling suppored the results from holes drilled over the past year in which high grade intersections up to 14 metres @ 4,481 ppm U3O8 were reported.

Managing director Paul Atherley said: "These high grade intercepts immediately below Zona 7 are extremely encouraging and point to a potential resource upgrade, indicating that there could be still more upside to come from the Salamanca mine.

"Given the transformational effect the shallow, high grade Zona 7 deposit has had on the project's economics we have designed the current exploration programme to look for more of the same, with a broader array of exploration techniques.

"We are also excited about the potential to introduce an exploration joint venture partner who can draw on significant technical and financial resources and work with us to unlock the full potential of our 1,160sq km landholding within this heavily mineralised province."


At 9:36am: [LON:BKY] Berkeley Energia Ltd share price was +2.5p at 57p



Story provided by StockMarketWire.com