Brisbane, June 2, 2008 AEST (ABN Newswire) - Bondi Mining Ltd (ASX: BOM) is pleased to announce that drilling has begun on its 100%-owned North Maureen project in North Queensland.
A 100-hole reverse circulation drilling program comprising approximately 4000m is planned to test ten target areas with strong geological similarity to the Maureen uranium-molybdenum deposit of Mega Uranium. Targets have been defined by interpretation of high definition aeromagnetics (100m line spacing) flown in October 2007.
"At North Maureen, we have a series of exciting targets which have never before been drill-tested for uranium," said Dr Rick Valenta, Managing Director of Bondi Mining. "We are now well into our period of intense drilling on all of our major projects, and are very encouraged by our progress to date"
Bondi Mining Ltd is a Brisbane-based exploration company with a focus on high-grade cycle-proof uranium targets with world class size potential. In addition, the company has a number of gold copper and nickel targets which have been drilled in 2007. The company's Australian uranium portfolio is made up of 20 granted tenements and 3 applications totalling 15,085km2 in three major uranium provinces in the Northern Territory and Queensland.
Contact
Rick Valenta
Managing Director
TEL: +61-7-3369-4000
Email: info@bondimining.com.au
Web: www.bondimining.com.au
| ||
|
