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Monday, March 27, 2006

Zambia Finds Uranium

Zambezi Resources Limited (ZRL) has confirmed the occurrence of high-grade uranium deposit at its Oryx in Chongwe area. ZRL managing director Julian Ford announced that independent consultant have established the presence of davidite, a uranium-bearing mineral at Oryx, 65 kilometres east of Lusaka.

The uranium content is between 5 and 10% similar to the occurrence at Radium Hill uranium mine in Australia which was mined between 1954 and 1962. Besides the Oryx prospect ZRL has identified a number of smaller uranium-sourced radiometric anomalies. ZRL own rights to a prospect area covering 17,300 sq kilometres in Zambia

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