August 7. (MiningNamibia)-Forsys Metals Corp, which is listed in Namibia, Canada and Germany said this week that a diamond drill hole VAL-152 encountered uranium mineralisation to a depth of 499.7 m, 149 m below the proposed pit bottom at the company's wholly-owned Valencia Uranium project located in Namibia.
The deep diamond drill hole was recently completed in addition to the current infill percussion drilling program underway at Valencia, the company said.
Duane Parnham, President and CEO said: “We are further encouraged that this initial deep diamond drill hole confirms the presence of ore to a depth of 500 m, which is well below the previously defined Valencia ore body. It provides additional exploration potential to expand the pit depth later in mine development. It also opens the possibility to extend the mine plan at depth and complements our percussion drilling program which has been successful in expanding the pit shell boundary.”