Drilling success for A-Cap at Letlhakane uranium project

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BSE-listed explorer, A-Cap Resources, announced on Monday that on-going drilling at the Gorgon North Prospect in the Letlhakane Uranium Project has returned some significant uranium intercepts.

In a statement posted on the BSE, the company said drilling was undertaken as part of a planned resource upgrade which will occur in the second half of 2009.

The Letlhakane Uranium Project has a JORC Inferred Resource of 98 million lb uranium oxide at an average grade of 158 ppm at a cut-off grade of 100 ppm. Projected cash costs are $33 per pound with planned production of 2 million pounds per annum.

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