Orion Metals Limited (ASX:ORM)
71 Lytton Road East Brisbane Qld 4169
GPO Box 122 Brisbane Qld 4001
Phone: 61 7 3249 3060
Fax: 61 7 3249 3061
ABN 89 096 142 737 www.orionmetals.com.au
10 May 2012
FIELD ASSESSMENT OF BROUGHTON CREEK U-REE PROJECT
Orion Metals Limited (ASX: ORM) announces that field work has
recommenced on the Broughton Creek project with new areas of
radioactive veinlets in basement rocks having been discovered
in areas away from the main zone of interest.
To assist in the regional assessment programme a detailed
collation and interpretation of all geophysical surveys is
being commissioned and features warranting field verification
will be delineated and followed up.
Concurrently ORM is planning a detailed radiometric survey
over the 4 kms strike of
the altered amphibolite unit that hosts the allanite veins at
Prospect. This will be completed using a continuous reading
spectrometer with GPS
control to produce a contoured image of radioactivity
variations at prospect scale.
Because the prospect is newly discovered, prospecting
activities have been directed
at disclosing numerous
occurrences of very high grade U-REE veins where
individual analyses range up to in excess of 30%
U3O8 and 9% REEs. Further data will
be gathered to allow targeting of drill holes to test the
distribution and extent of
these veinlets on an overall perspective.
It is intended to complete this work by the end of June at
which point a decision will
be made as to the next phase of exploration on the project.
"The information in this report that relates to exploration
results is based on information compiled by Mr Adrian Day,
who is a Member of the Australian Institute of Geoscientists
and who has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration and to
the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the
'Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves' (the
"JORC Code"). Mr Day is a
non-executive Director of Orion Metals Limited
and is employed by
Australian Asiatic Gems Pty Ltd, a consultant to the Company.
Mr Day consents to the inclusion in this report of the
matters based on his information in the form and context in
which it appears."
For further information contact:
David K Barwick (Chairman) or Garry Gill (Chief Operating
Officer) Orion Metals Limited
Telephone: + 61 7 3249 3060