Uranex Announces Continued Success at Nachu Graphite Project

Uranex Ltd. (ASX:UNX) announced that “significant drilling progress” has made up for some initial delays at its Tanzania-based Nachu graphite project. It also provided observations from its 2014 exploration program.

Press release highlights include:

• Longest continuous graphitic intercept found to date, 65m downhole graphitic schist, with visible graphitic flakes, in first drillhole, NARC063 of Block F, of the 2014 drilling program
• Electro-magnetic survey completed – final structural and 3D modelling in progress. Graphitic intercepts from 2014 drilling highlight the positive impact of the EM survey in determining drilling positions
• Third drill rig on site. Core drill rig joining the two Reverse Circulation (RC) drill rigs for the rapid progress of the JORC resource at the Nachu Graphite Project
• First batch of samples in transit to Australian Laboratory

Click here to read the full Uranex Ltd. (ASX:UNX) press release.