Agricola Resources plc, a PLUS-traded company(' Agricola') (PLUS SYMBOL: AGRI) have today announced the following:
The directors of Agricola Resources PLC ('Agricola') the Plus market listed uranium explorer, are pleased to inform that analytical results have been received from local boulder samples from the Rebraur West prospect within the Ballek no. 5 licence area located in the municipality of Arjeplog in N. Sweden about 20 km northeast of the town centre. Uranium contents of up to 1.75% have been obtained.
The Ballek Joint Venture concerns four licences covering 106 square kilometers, Ballek 2, 3, 4 and 5. They are considered prospective for iron oxide copper gold and uranium (IOCG) deposits.
During the 2007 field season scintillometer measurements and sampling of boulders and outcrop over the Rebraur West uranium prospect was undertaken. Drill holes and refilled trenches from 1980's exploration were studied and highly radioactive boulders that are proximal to one of the trenches were sampled.
The analytical results received show that the uranium content varied from 0.19% to 1.75 % in the boulders that gave the highest scintillometer readings. The boulders are considered remnants of the local bedrock within or close to the trench, which is now refilled. The uranium grade is much higher than original reported levels from bedrock (max 0.07 % of uranium) from the area in 1984.
Only background levels of thorium were noted, but high contents of lead is accompanying high levels of uranium. Future studies will include detailed soil grid radon cup surveys in order to define drill targets in the area outside the previously drill tested zone.
The Rebraur West uranium prospect was originally discovered by the Geological Survey of Sweden (SGU) in the early1970s. Limited drilling and trenching outlined a uranium mineralization at outcrop between 1-8 m wide and extending along several parallel fractures for 150 m but open in both directions along strike. Grades of up to 700 ppm of uranium were reported. The fine-grained uranium minerals occur in an albite-quartz-chlorite hostrock, (Gustafsson, B, 'Uranium report 1981-8', SGU, Mal*, IRAP 84005).
Analytical results of these samples have now been received (table 1 below).
Table 1: Uranium, thorium and lead contents of boulders from trench area of the Rebraur West prospect, Agricola Resources, October, 2007.
All samples were analysed by ALS Chemex laboratories at Vancouver, Canada. Thirty six elements including uranium, thorium, base metals and gold and silver were determined by ICP- analysis. Samples with high uranium were reanalyzed by XRF techniques. No gold was recorded.
