Black Range Minerals Limited (ASX:BLR) Intersected Further Thick High Grade at the Hansen Uranium Deposit

Perth, July 18, 2011 AEST (ABN Newswire) - Black Range Minerals Limited (ASX:BLR) is pleased to advise that it has completed a further three diamond drill holes as part of its ongoing drilling program at the Hansen Uranium Deposit in Colorado, USA.

The Company holds exclusive rights to acquire 100% of the Hansen Uranium Deposit, which was discovered in 1977 and fully permitted for mining in 1981, prior to the collapse of the global uranium market. Mining never eventuated.

From the abundance of work undertaken between 1977 and 1981, including completion of more than 1,000 drill holes and three feasibility studies, it was reported that the Hansen Deposit hosts in the order of 15-20 Mt of mineralised material at a grade of 0.06-0.08% U3O8 for circa 30 million pounds of U3O8. The Company is currently finalising a JORC Code compliant resource calculation for the Hansen Uranium Deposit. As a mineral resource is yet to be finalised for the deposit under the JORC Code, this quantity and grade of mineralisation is currently conceptual in nature and is an exploration target, and it is uncertain if further exploration will result in the determination of a mineral resource of this size.

The Company also holds a 100% interest in the immediately adjacent Taylor Ranch Uranium Project to the north, which hosts JORC Code compliant indicated and inferred mineral resources of more than 60 million pounds of U3O8.

The current drilling program at the Hansen Deposit is being undertaken to acquire additional geological, metallurgical, hydrological and geotechnical information so the Company can update the historic feasibility studies. Results returned from electronic logging of holes HNDD0002-HNDD0004 include:

- 24.8 metres at 0.070% eU3O8 from 161.8 metres, including:
3.7 metres at 0.175% eU3O8 from 181.6 metres

- 13.4 metres at 0.063% eU3O8 from 198.0 metres, including:
2.7 metres at 0.103% eU3O8 from 181.6 metres

Despite these holes being drilled primarily for geotechnical and hydrological purposes, they confirm that there is extensive high grade uranium mineralisation present at the Hansen Uranium Deposit.

The Company's current 10-12 hole (approximately 3,000 metre) drilling program will continue over the next two months as it acquires additional data to update historic feasibility studies undertaken on the Hansen Uranium Deposit.

The combined Taylor Ranch/Hansen Uranium Project is one of the largest uranium projects within the USA - the largest consumer of uranium in the World.

For the complete Black Range Minerals announcement including figures and tables, please view the following link:
http://www.abnnewswire.net/media/en/docs/549302.pdf

Contact

Mike Haynes Managing Director Black Range Minerals Limited E-mail: info@blackrangeminerals.com Tel: +61-8-9481-4920 http://www.blackrangeminerals.com