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After successful completion of its rights issue, Southern Uranium Limited (ASX Code: SNU) has resumed aggressive exploration of its extensive target portfolio across the southern Gawler Craton in South Australia.
Southern Uranium will this week start drill testing of copper gold targets at Ridgeback on Yorke Peninsula and is also advancing its exploration of other high priority areas on the adjacent Eyre Peninsula. Today’s drilling announcement is the third since May concerning progress with the company’s portfolio. On May 18, Southern Uranium announced drilling had made substantial iron ore intersections at the Jungle Dam prospect on the Eyre Peninsula. On July 2, the company announced mapping had located strong silver gold potential at Peterlumbo, also on the Eyre Peninsula. Southern Uranium Managing Director John Anderson said the company was vigorously pursuing its target opportunities following encouraging results from its own exploration as well as from exploration conducted by other companies in nearby areas. Included among the latter was the July 28 announcement by Rex Minerals of its large inferred resource of copper and gold at Hillside. “Southern Uranium has formed a large tenement package based on our prospectivity model and we now have excellent opportunities to develop and expand our diverse portfolio of copper, gold, silver, uranium, iron ore and manganese targets,” Mr Anderson said. To get more information, click here |
