C29 Metals is preparing to carry out drilling at its Ulytau Uranium project after meeting all regulatory requirements for a drill permit. Pic: Getty Images
C29 Metals clears regulatory hurdles for uranium drilling at Ulytau project
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- C29 Metals has completed all regulatory requirements for the issue of the drill permit for its Ulytau uranium project
- The company’s geology team has commenced pre works ahead of mobilising the drill rig to site
- C29 will undertake diamond drilling of key strategic holes to test mineralisation close to surface
Special Report: C29 Metals has met all regulatory requirements for the issue of a drill permit, which once granted will enable drilling to start at its Ulytau uranium project in Kazakhstan.
The official notification has been received from the country’s Natural Resources and Environmental Management Department, which allows the company to mobilise and commence exploration activities.
C29 Metals (ASX:C29) is now working to secure a drilling contractor to undertake initial diamond drilling at Ulytau and expects to mobilise the rig shortly.
It is also mobilising its geology team ahead of the rig to start preparatory works.
The company’s initial program will see holes drilled to a depth of ~200m to test mineralisation close to surface.
“It is very exciting to have the official notification enabling our team to commence the initial diamond drilling program this season.” Managing Director, Shannon Green, commented.
“Obtaining this notification once again demonstrates the positive operating environment in Kazakhstan and the support the company is enjoying.”
Drill program
C29’s planned drill program will test and verify historical drill intersections.
The company’s geology team will use a handheld XRF unit in the field providing real time geological information to the team and valuable geological data that will assist in prioritising the samples for assay.
Ulytau is located in the Almaty Region of southern Kazakhstan about 15km southwest of the Bota-Burum mine, one of the largest uranium deposits mined in the former Soviet Union with total output estimated at 20,000t (44Mlb).
Exploration for uranium has been carried out in the area since 1953 while production at Bota-Burum started in 1956 and continued until 1991.
This article was developed in collaboration with C29 Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions
