All of the indicators are pointing to a resource upgrade at Berkeley Energia’s Salamanca uranium project in Spain after its standout Zona 7 deposit continued to show off further potential.
Part of ongoing exploration aimed at improving the production profile and economics of the project, the drilling targeted extensions below the existing Zona 7 deposit.
The AIM and ASX-listed company had already delineated a resource from surface down to 100m at Zona 7, but recent drilling has shown economic grades go down to 271m.
Even before this, Salamanca, which is in the initial stages of development, was already an exceptional project in the uranium space, one which could even make money at today’s depressed price.
