A-Cap holds six prospecting licences covering a total area of over 4,400km2 and three licences under application covering a further 3,000km2. All of the ground held by A-Cap has been previously explored by major companies such as Falconbridge, BCL, Urangesellchaft and Union. All of A-Cap’s tenements have significant radiometric anomalies and indications of Uranium mineralisation exposed at surface. Significant discoveries have been made at the Letlhakane Project resulting in an Inferred Resource of 30 Million lb Uranium (at an 80ppm cut-off) that has been defined in accordance with the JORC code.
A-Cap Resources Limited
ASX:ACB ISIN:AU000000ACB7
News
During July Reverse Circulation (RC) percussion drilling by A-Cap Resources Limited (ASX:ACB) has continued at the Serule prospect with exciting results further confirming the potential for the scope of the Letlhakane project to continue its extraordinary growth beyond the recently released Inferred Resource comprising 280 Million tonnes at a grade of 158ppm U3O8 for 98 million pounds of U3O8.
Exploration drilling at Serule commenced during June 2008 and initial results are encouraging for the continued growth of A-Cap Resources Limited's (ASX:ACB)("A-Cap") uranium resources within the Letlhakane prospecting licence in North Eastern Botswana.
The board of A-Cap Resources Limited (ASX:ACB) is delighted to advise of an updated Inferred Resource estimate based on recent drilling at its Letlhakane Project in north east Botswana.
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