TIDMBKY
RNS Number : 1262R
Berkeley Resources Limited
31 October 2011
Quarterly Activities Report - September 2011
HIGHLIGHTS
-- Works completed to initiate the licensing and permitting
process for Berkeley's 100%owned Salamanca 1 project. An 18 month
permitting process is forecast with Project construction expected
to commence in 2013.
-- Appointment of independent director, Mr Laurie Marsland strengthens Berkeley Board.
-- Basic Engineering and Design works nearing completion for Berkeley's Salamanca JV project.
OVERVIEW
September was a milestone quarter for Berkeley as it completed
works to initiate the permitting process for the Company's
100%owned Salamanca 1 Uranium project. As announced, subsequent to
the end of the quarter, licensing and permitting was initiated on
11th October, 2011.
On 27th October, the Salamanca 1 project received a significant
boost with the signing of a cooperation agreement between Berkeley,
and the municipalities of Retortillo and Villavieja de Yeltes. This
step is critical in allowing Berkeley to accelerate, and provide a
firmer timeframe, on the licensing and permitting process. As a
result, Berkeley now forecast that project construction will
commence in 2013.
In early December, Berkeley will provide more detail on the
Salamanca 1 project, and on the permitting progress.
Prioritising and developing Salamanca 1 independently of
Berkeley's other joint-venture projects within the region is an
important step for the Company. The Scoping study completed, along
with works completed to date on the Salamanca 1 Feasibility Study,
indicates a robust development opportunity at an initial production
rate of c.1.5Mlb pa. Nearby deposits, and the Gambuta deposit, hold
similar development potential and, are expected to support
increased production over time. In addition, the Company's 100%
owned licenses in the Salamanca and Caceres provinces have
significant exploration upside.
As Berkeley's 100% owned resources are separate from the State
Reserves, the permitting process is conducted through the Regional
Government of Castilla y Leon, a Region with a long and recent
history of uranium mining, along with a number of other successful
hydrometallurgical mining projects, including heap leaching.
Initial discussions with both Regional and Local Governments
indicate strong support for the project. Berkeley now anticipates
that the licensing and permitting process will take approximately
18 months.
Berkeley's priority is to become a profitable uranium producer
in the near term, and generate a strong cash flow for its
shareholders, and for the Company's wide range of stakeholders in
Spain. Accelerating the Salamanca 1 project is the optimum way to
achieve this goal.
As reported in the June quarter, the Company is completing the
Basic Engineering and Design at the Salamanca JV project, including
an Independent Technical Review. This work is the next-stage of the
Mining Domain Feasibility Study and will be completed by the end of
October.
The September quarter also saw the appointment of Mr Laurie
Marsland as a Non-Executive Director, effective from the 25th
August 2011. Mr Marsland, an Engineer with more than 30 years of
diverse experience in the international mining industry, and with a
strong background in project development, is a welcome addition to
the Berkeley Board.
Enquiries - Managing Director: Brendan James Tel: +34 630 517 559
RBC Capital Markets: Martin Eales / Daniel Conti Tel: +44 20 7029 7881
MINERAL PROCESSING AND ENGINEERING
Berkeley 100% Salamanca 1 Uranium Project
A Scoping Study based on exploitation of Berkeley's 100% owned
Retortillo and Santidad deposits was completed in August. It
demonstrated technical capability, and very strong project
feasibility. This study was developed as a conceptual heap leach
operation, considering two production scenarios: 1Mlb/yr and 2
Mlb/yr.
Following these encouraging results, a Feasibility Study for the
Salamanca 1 uranium project was immediately initiated. PPM
Solutions is acting as principal engineer. The study will be
completed in December 2011.
As a result of the strong Scoping Study results, and early
indications from the Feasibility Study, Berkeley initiated the
Exploitation Project, Environmental Impact Assessment, Closure Plan
and Radiological Impact Scoping Document. All of these documents
will be submitted to the Regional Administration before the
year-end as part of the permitting process for these deposits, that
(as announced) Berkeley initiated on the 11th of October 2011 by
submitting the required application and the Environmental Scoping
Document.
Salamanca JV project
Works continued on the Mining Domain Conceptual Basic
Engineering Report (MDCBER) for the Alameda and Aguila projects,
which commenced on 7(th) July, 2011 and continued throughout the
Quarter. The primary focus was on advancing key stages of the
project, and on optimization of the study. The study will be
completed at the end of October and reported in November.
In parallel, the internationally recognized company, Tecnicas
Reunidas, is completing an independent review of the MDCBER.
Variability tests on the leaching process and IX-SX optimization
tests were completed during the quarter. Further comminution test
work, managed by Orway Minerals and Miller Metallurgical Services,
was also initiated to evaluate SAG milling versus the previous ball
and rod mill options for the Alameda and Aguila deposits.
EXPLORATION
Key Points
The major Retortillo RC drill campaign was initiated at the
start of July 2011 and completion of the combined infill, near mine
exploration and condemnation drill program, totaling approximately
200 holes, is planned for November. The resource estimate will then
be recalculated.
Data from the recent RC drilling in Alameda, Sageras and
Palacios has been integrated into the existing models which are
being updated by AMC, prior to reestimation of the resources in the
December quarter.
Exploration targets in the Salamanca and the Caceres permits
have been reviewed. An exploration program in these areas is being
developed with focus on the prospective areas close to the
Retortillo and Gambuta deposits.
Deposit RC March Qtr 2011 RC June Qtr 2011 RC Sept Qtr 2011 RC Year to date
--------------- -------------------- ------------------- ------------------- -------------------
Holes Metres Holes Metres Holes Metres Holes Metres
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Alameda South 5 404 39 2,157 10 419 54 2,980
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Mimbre - - - - 6 426 6 426
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Retortillo 3 205 9 599 115 6,861 127 7,665
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Sageras - - - - 11 422 11 422
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Total 8 609 48 2,756 142 8,128 198 11,493
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Deposit DDH Q1 2011 DDH Q2 2011 DDH Q3 2011 DDH Year to date
--------------- -------------------- ------------------- ------------------- -------------------
Holes Metres Holes Metres Holes Metres Holes Metres
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Alameda South 15 1,422 - - - - 15 1,422
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Retortillo 20 1,615 - - - - 20 1,615
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Sageras West 8 459 - - - - 8 459
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Total 43 3,496 0 0 0 0 43 3,496
--------------- --------- --------- -------- --------- -------- --------- -------- ---------
Figure 1 - Drilling Summary September Quarter Salamanca Uranium
Project
Exploration and Drilling
Exploration and infill drilling in Alameda South, Mimbre and
Sageras West have been completed. Notable intersections are
tabulated in Figure 2 (below). A summary of all received chemical
data can be reviewed in the appendix.
Deposit Hole ID From To Interval U(3) O(8)
---------
(m) (m) (m) (ppm)
---------
Alameda South ASR-120 3 15 12 700
--------------- --------- ----- ---- --------- ----------
Alameda South ASR-127 14 29 15 595
--------------- --------- ----- ---- --------- ----------
Alameda South ASR-128 0 21 21 570
--------------- --------- ----- ---- --------- ----------
Retortillo RTR-147 58 72 14 1,599
--------------- --------- ----- ---- --------- ----------
Retortillo RTR-159 3 12 9 889
--------------- --------- ----- ---- --------- ----------
Retortillo RTR-159 70 100 30 897
--------------- --------- ----- ---- --------- ----------
Retortillo RTR-162 9 42 33 1,288
--------------- --------- ----- ---- --------- ----------
Retortillo RTR-196 0 11 11 775
--------------- --------- ----- ---- --------- ----------
Retortillo RTR-216 0 19 19 425
--------------- --------- ----- ---- --------- ----------
Sageras West ZMR-088 0 22 22 650
--------------- --------- ----- ---- --------- ----------
Sageras West ZMR-089 0 12 12 1,118
--------------- --------- ----- ---- --------- ----------
Figure 2 - Notable intersections (chemical assays with
intersections calculated at a 200 ppm cut-off)
RETORTILLO
The Retortillo infill drill campaign started on the 6th of July
with the aim of completion in November. A total of 115 RC holes,
for 6,861m were drilled. This campaign has four main
objectives:
1. More detailed confirmation of the historic dataset and
generating a more detailed geological model;
2. Infill drilling to upgrade Inferred resources to the Indicated category;
3. Extension of existing resources through exploration drilling; and
4. Condemnation drilling for mine and plant design purposes.
As previously announced, a progress estimate of Retortillo
resources in early October, based on 98% e-grade data for the new
RC holes, indicated a possible decrease in the Retortillo resources
compared to the 2007 estimations.
The more detailed drill coverage confirms a strong structural
control of the mineralization and the main fracture systems
indicate continuity of mineralization beyond the current resource
outline. Encouraging results from the north-western sector also
indicate continuity between the main deposit and the north western
lobe.
ALAMEDA
The infill program at the Alameda deposit was finalized with ten
outstanding holes, drilled to test lateral extensions of the
deposit. Six holes intercepted mineralization with a resultant
increase in the Indicated resource component.
At Mimbre, six exploration holes were drilled to follow up the
encouraging results of ASR-082 (5m@424ppm U(3) O(8) ). They only
intersected minor mineralization, with the best result being 1m @
223 ppm in MBR 004. However, a further nineteen holes are planned
along the highly prospective granite-metasediment contact zone that
hosts the known deposits in this area to test for a distance of 2km
south of the state reserve boundary.
AGUILA - SAGERAS
In Sageras, 11 infill holes were drilled with the aim of
upgrading the small component of Inferred resources to Indicated.
The deposit is still open to the north-west where further
exploration has been planned.
REASSESSMENT OF OTHER 100% BERKELEY PROJECTS AND NEW TARGET
GENERATION
Only minor greenfield exploration work was undertaken in the
Salamanca - Retortillo area and the Caceres Province during the
September quarter.
The primary objective for the next quarter will be exploration
within proximity of the Retortillo and Santidad deposits,
particularly at Zona 7, Las Carbas, Mina Cristina and Mina
Caridad.
Good potential has been identified in the 1.3km undrilled
corridor between Zona 7 (3.6 Mlbs U(3) O(8) ) and Las Carbas
(0.6Mlbs U(3) O(8) ). Of additional interest are areas SE of Mina
Cristina and Caridad, partially covered by soil and Tertiary
sediments. No historic exploration is known in the covered areas,
but the 2007 aeromagnetic survey indicated lithological continuity
beneath the Tertiary cover. Exploration techniques will utilise
ground radiometrics, detailed geological mapping, and downhole
probing of existing water bore holes. In permits to the
west-northwest of Retortillo-Santidad, field work will focus on
existing targets and additional possibilities.
In the Caceres province an infill program of RC drilling is
being designed for the Gambuta project with the aim of upgrading
the geological model and current resource estimate. The satellite
prospects (e.g. El Zarzal, Ojaranzo, ElChorrero) and the
granite-metasediment contact zone will also be investigated.
APPENDIX: CHEMICAL DATA (with intersections calculated at a 200
ppm cut-off)
ALAMEDA
Hole ID Easting Northing Elevation Depth Azimuth Dip From To Interval U(3) O(8)
(m) (m) (m) (m) ( ) ( ) (m) (m) (m) (ppm)
ASR-110 690075 4500906 750.2 56.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
ASR-111 690034 4500865 748.1 60.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
ASR-112 690109 4500937 751.3 82.00 0 -90 60 61 1 1,191
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-113 688660 4501263 735.0 35.00 0 -90 19 20 1 265
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-114 688618 4501278 734.5 22.00 0 -90
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
ASR-115 688763 4501781 730.2 62.00 0 -90 9 22 13 518
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
26 27 1 1,093
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
41 43 2 254
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-116 688500 4501767 724.9 50.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
ASR-117 688459 4501755 723.9 50.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
ASR-118 689674 4501181 757.2 52.00 0 -90 23 28 5 392
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
31 36 5 525
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-119 688669 4501314 739.0 58.00 0 -90 18 19 1 400
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
43 47 4 1,482
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-120 688620 4501326 736.0 34.00 0 -90 3 15 12 700
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-121 688583 4501386 736.0 30.00 0 -90 0 2 2 288
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
6 10 4 269
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-122 688632 4501374 737.0 54.00 0 -90 32 33 1 251
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
42 43 1 238
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-123 688681 4501363 741.0 67.00 0 -90 18 20 2 382
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-124 688643 4501423 740.0 58.00 0 -90 45 46 1 420
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
Alameda intersections from June quarter drilling
Hole ID Easting Northing Elevation Depth Azimuth Dip From To Interval U(3) O(8)
(m) (m) (m) (m) ( ) ( ) (m) (m) (m) (ppm)
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-125 688597 4501434 738.5 50.00 0 -90 31 32 1 232
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
35 36 1 291
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-126 688548 4501444 737.8 29.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
ASR-127 688900 4501748 731.0 46.00 0 -90 14 29 15 595
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-128 688659 4501812 727.8 34.00 0 -90 0 21 21 570
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
24 25 1 368
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-129 688343 4501998 705.8 20.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
ASR-130 688300 4502019 701.8 28.00 0 -90 2 3 1 231
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
10 11 1 876
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
17 18 1 309
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-131 688950 4501733 727.7 40.00 0 -90 15 17 2 246
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
26 29 3 264
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-132 689715 4501171 757.2 40.00 0 -90 31 32 1 1,060
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-133 689703 4501123 754.3 64.00 0 -90 36 39 3 435
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
44 45 1 289
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
50 53 3 353
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
56 57 1 1,152
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ASR-134 689783 4501034 751.5 68.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
MBR-001 690262 4499343 736.1 64.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
MBR-002 690131 4499213 736.9 76.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
MBR-003 689983 4499063 733.8 76.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
MBR-004 690334 4499701 739.3 70.00 0 -90 32 33 1 223
--------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
MBR-005 690406 4499485 740.9 70.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
MBR-006 689912 4499273 729.1 70.00 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- ----------------------------------
Alameda intersections from September quarter drilling
Easting Northing Elevation Depth Azimuth Dip From To Interval U(3) O(8)
Hole ID
(m) (m) (m) (m) ( ) ( ) (m) (m) (m) (ppm)
RTR-132 720374 4519698 745.9 64.00 0 -90 39 43 4 223
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
47 48 1 1,094
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-133 720280 4519735 744.3 76.00 0 -90 38 47 9 561
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-134 720462 4519651 748.9 60.00 0 -90 43 47 4 312
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-135 719715 4520157 739.0 40.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-136 720326 4519609 751.0 115.00 0 -90 51 52 1 402
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-137 719683 4520114 739.8 46.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-138 719728 4520092 743.3 46.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-139 719799 4520113 745.3 58.00 0 -90 29 30 1 441
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
36 38 2 649
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
41 42 1 1,527
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
45 47 2 653
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-140 720243 4519658 750.2 116.00 0 -90 76 77 1 202
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
87 91 4 197
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
96 97 1 512
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
110 111 1 277
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-141 719816 4520047 748.2 55.00 0 -90 40 43 3 248
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-142 720200 4519679 750.7 91.00 0 -90 64 66 2 383
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
70 71 1 507
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
77 79 2 306
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-143 720154 4519704 750.6 88.00 0 -90 64 71 7 474
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
87 88 1 399
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-144 719786 4520269 733.3 95.00 0 -90 15 16 1 1,006
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
20 25 5 401
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-145 719855 4520292 738.9 50.00 0 -90 25 30 5 209
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
38 39 1 347
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-146 719894 4520288 740.5 55.00 0 -90 32 37 5 277
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-147 720134 4520105 721.4 82.00 207 -60 32 41 9 517
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
45 54 9 542
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
58 72 14 1,599
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
76 77 1 373
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-148 719077 4520550 719.8 30.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-149 719028 4520463 730.4 64.00 0 -90 46 47 1 218
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-150 718960 4520441 734.0 65.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-151 718982 4520374 742.7 91.00 0 -90 24 25 1 219
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
53 55 2 270
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
84 85 1 291
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
Easting Northing Elevation Depth Azimuth Dip From To Interval U(3) O(8)
Hole ID
(m) (m) (m) (m) ( ) ( ) (m) (m) (m) (ppm)
RTR-152 719004 4520639 711.9 28.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-153 719098 4520480 725.7 80.00 0 -90 14 15 1 216
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
18 19 1 243
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
59 65 6 647
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
69 71 2 1,585
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
77 78 1 289
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-154 719156 4520500 723.5 94.00 0 -90 4 5 1 627
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
7 8 1 1,063
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
43 56 13 240
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
60 62 2 676
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
67 68 1 238
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
75 82 7 256
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-155 719228 4520414 733.6 68.00 0 -90 24 31 7 230
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-156 719180 4520438 727.8 86.00 0 -90 23 38 15 273
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
45 46 1 222
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
49 50 1 320
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-157 719250 4520460 733.4 72.00 0 -90 13 15 2 970
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
19 22 3 654
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
25 26 1 325
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
37 45 8 603
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
48 52 4 254
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
57 58 1 277
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
60 63 3 214
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-158 719061 4520418 735.7 77.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-159 719242 4520542 735.1 100.00 207 -60 3 12 9 889
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
25 36 11 448
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
41 50 9 324
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
54 66 12 263
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
70 100 30 897
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-160 718664 4521157 755.1 77.00 0 -90 20 27 7 230
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
29 54 25 301
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-161 718641 4521233 752.8 64.00 0 -90 16 31 15 327
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-162 719277 4520614 738.1 52.00 0 -90 9 42 33 1,288
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-163 718576 4521322 747.1 35.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-164 719294 4520663 736.3 48.00 0 -90 23 32 9 220
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-165 718723 4521081 750.4 82.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-166 719366 4520679 739.4 45.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-167 718747 4521008 736.1 55.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-168 719334 4520612 745.2 100.00 207 -60 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-169 718701 4521032 741.7 58.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-170 718635 4521011 736.5 52.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
Easting Northing Elevation Depth Azimuth Dip From To Interval U(3) O(8)
Hole ID
(m) (m) (m) (m) ( ) ( ) (m) (m) (m) (ppm)
RTR-171 718879 4521052 732.6 53.00 0 -90 30 31 1 256
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
44 47 3 330
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-172 718649 4521054 743.7 55.00 0 -90 6 9 3 226
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-173 718766 4521050 743.1 86.00 0 -90 42 51 9 222
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
73 74 1 232
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-174 718896 4521093 730.3 51.00 0 -90 33 35 2 847
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-175 718816 4521025 734.7 45.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-176 718927 4521133 729.5 52.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-177 720503 4519516 755.5 82.00 0 -90 51 53 2 325
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-178 718835 4521072 740.0 64.00 0 -90 35 38 3 211
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
49 50 1 993
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-179 718883 4521161 740.3 40.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-180 718860 4521118 739.1 78.00 0 -90 59 60 1 825
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-181 718838 4521183 749.3 64.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-182 718699 4520920 724.2 35.00 0 -90 9 10 1 233
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
14 15 1 248
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-183 718611 4520967 730.4 35.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-184 718756 4521231 754.5 68.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-185 718566 4520991 732.3 42.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-186 718621 4521411 753.8 40.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-187 718457 4521106 724.6 26.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-188 718436 4521171 718.9 20.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-189 718420 4521240 722.6 20.00 0 -90 3 8 5 195
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-190 718554 4521389 747.3 50.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-191 718328 4521280 714.0 48.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-192 719411 4520769 731.2 40.00 0 -90 0 6 6 301
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-193 719430 4520815 728.2 35.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-194 720460 4519436 760.8 91.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-195 719391 4520836 726.7 40.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-196 719368 4520792 728.8 51.00 0 -90 0 11 11 775
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-197 719370 4520901 723.4 31.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-198 719346 4520859 724.9 35.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-199 719423 4520895 724.0 73.00 27 -60 16 20 4 1,524
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
25 30 5 326
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
34 40 6 335
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
47 58 11 192
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-200 719325 4520816 726.9 41.00 0 -90 5 12 7 194
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
RTR-201 719168 4520949 715.4 25.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
RTR-202 719278 4520728 728.6 50.00 0 -90 4 23 19 232
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
26 36 10 212
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
Easting Northing Elevation Depth Azimuth Dip From To Interval U(3) O(8)
Hole ID
(m) (m) (m) (m) ( ) ( ) (m) (m) (m) (ppm)
RTR-203 719147 4520908 715.8 45.00 0 -90 32 33 1 220
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-204 720415 4519556 755.0 82.00 0 -90 56 57 1 228
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-205 719190 4520775 720.2 40.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-206 719102 4520931 712.6 45.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-207 719145 4520797 716.8 29.00 0 -90 9 11 2 219
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
18 19 1 202
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-208 719124 4520861 714.9 34.00 0 -90 5 23 18 233
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-209 719104 4520819 714.2 28.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-210 719058 4520844 711.3 40.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-211 719211 4520706 724.2 37.00 0 -90 0 3 3 242
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
16 18 2 206
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
27 28 1 403
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-212 719143 4520686 720.0 30.00 0 -90 0 8 8 182
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-213 719058 4520731 713.7 25.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-214 720393 4519528 757.1 109.00 0 -90 81 84 3 556
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-215 719245 4520281 746.2 60.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-216 719162 4520614 723.4 40.00 0 -90 0 19 19 425
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-217 719120 4520640 719.3 30.00 0 -90 9 10 1 200
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-218 719076 4520666 715.6 20.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-219 719155 4520382 737.1 65.00 0 -90 27 28 1 238
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-220 719104 4520414 736.3 100.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-221 720240 4519536 758.4 111.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-222 720023 4519883 746.0 76.00 0 -90 44 45 1 601
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-223 719952 4519869 750.2 86.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-224 719890 4520066 745.4 58.00 0 -90 34 42 8 423
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-225 720155 4519925 740.0 57.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-226 719917 4520008 745.5 60.00 0 -90 37 40 3 323
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
44 48 4 831
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-227 720265 4519810 740.5 55.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-228 720319 4519787 740.2 61.00 0 -90 28 29 1 296
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-229 719955 4519974 744.9 79.00 0 -90 35 41 6 646
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
50 51 1 265
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
55 62 7 182
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-230 720054 4519750 752.3 109.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-231 720359 4519768 740.9 63.00 0 -90 43 44 1 204
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-232 720016 4519771 753.0 82.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-233 720392 4519912 734.6 50.00 0 -90 25 37 12 624
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-234 720086 4519904 740.9 88.00 0 -90 32 34 2 1,996
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
39 40 1 262
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
45 56 11 726
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
Easting Northing Elevation Depth Azimuth Dip From To Interval U(3) O(8)
Hole ID
(m) (m) (m) (m) ( ) ( ) (m) (m) (m) (ppm)
RTR-234 720086 4519904 740.9 88.00 0 -90 32 34 2 1,996
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
39 40 1 262
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
45 56 11 726
---------- -------- --------- ---------- ------- -------- ---- ----- ---- --------- ----------
RTR-235 720370 4519476 761.4 62.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-236 720236 4519888 737.4 58.00 0 -90 Not mineralized
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-237 720337 4519515 759.3 103.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-238 720336 4519827 736.4 50.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-239 718883 4520416 739.2 50.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-240 720304 4519555 756.8 115.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-241 718937 4520510 725.8 64.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-242 718825 4520513 725.0 32.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-243 718872 4520601 717.0 50.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-244 720092 4519683 753.0 91.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-245 718919 4520688 709.8 19.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
RTR-246 719058 4520844 711.1 47.00 0 -90 Results pending
---------- -------- --------- ---------- ------- -------- ---- ----------------------------------
Retortillo intersections from September quarter
Easting Northing Elevation Depth Azimuth Dip From To Interval U(3) O(8)
Hole ID
(m) (m) (m) (m) ( ) ( ) (m) (m) (m) (ppm)
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-083 699521 4503110 669 52 0 -90 13 17 4 371
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
23 31 8 315
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
38 39 1 400
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-084 699500 4503089 665 52 0 -90 13 14 1 287
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
17 23 6 403
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
44 45 1 296
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-085 699457 4503116 660 57 0 -90 6 24 18 336
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
26 33 7 435
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
36 40 4 394
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
43 44 1 245
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-086 699432 4503126 658 52 0 -90 3 6 3 325
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
12 14 2 317
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
17 19 2 374
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
22 23 1 219
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
25 28 3 434
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
31 35 4 495
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
41 44 3 415
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
47 49 2 286
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-087 699418 4503147 656 52 0 -90 0 2 2 190
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
4 8 4 253
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
12 13 1 213
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
16 17 1 259
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
23 27 4 252
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
37 38 1 323
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-088 699381 4503113 651 38 0 -90 0 22 22 650
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-089 699320 4503082 650 22 0 -90 0 12 12 1118
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-090 699317 4503043 649 25 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
ZMR-091 699270 4503067 648 22 0 -90 0 3 3 301
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
9 12 3 814
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-092 699295 4503092 648 28 0 -90 4 14 10 306
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
27 28 1 213
---------- -------- --------- ---------- ------ -------- ---- ----- ---- --------- ----------
ZMR-093 699323 4503121 647 22 0 -90 Not mineralized
---------- -------- --------- ---------- ------ -------- ---- ----------------------------------
Sageras intersections from September quarter
The information in this announcement that relates to Exploration
Results, Mineral Resources or Ore Reserves is based on information
compiled by Dr. James Ross, who is a Fellow of The Australian
Institute of Mining and Metallurgy and an employee of Berkeley
Resources Limited. Dr. Ross has sufficient experience which is
relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the 2004 Edition of the
'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Dr. Ross consents to the inclusion in
the report of the matters based on his information in the form and
context in which it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLDFLBXFBFLFBV
Grafico Azioni Berkeley Energia (LSE:BKY)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Berkeley Energia (LSE:BKY)
Storico
Da Set 2023 a Set 2024
