Good news from URA this could be a ten bagger+ from here with this news only a matter of time.
22nd October 2007
Uranium Resources plc ('Uranium Resources' or 'the Company')
New Uranium discovery increases prospectivity of Mtonya region in Tanzania
Highlights:
Drilling and trenching at Mtonya identifies new high grade uranium anomalies
at Grandfather prospect, 5km north of Henri
Trenching at Grandfather has revealed high grade surface mineralisation over
a strike of 1.4km
Uranium mineralisation now continuing over a 7 kilometre trend
Peak trench results include 1.2 metres at 7703ppm U3O8 and 0.8 metres at
1035ppm U3O8
First drilling at Moysten prospect finds high grade uranium including:
o 3m @ 863ppm from U3O8 from 46m
o 3m @ 750ppm from U3O8 from 47m
o 2m @ 355ppm from U3O8 from 32m
Drilling has recommenced on the project and will continue throughout October
Helicopter supported reconnaissance will start again to continue regional
evaluation
Farm-in partner Western Metals to spend A$3.5million on exploration in
Tanzania over the next 15 months
http://moneyam.uk-wire.com/cgi-bin/articles/200710221143481146G.html