Uranex Updates on Tanzanian Nachu Graphite Project

Uranex Ltd. (ASX:UNX) provided an update on its wholly owned Nachu project, commenting that the first five (of eight) planned trenches have been completed and include “very significant” intersections of graphitic schists.

As quoted in the press release:

The distance between the most southern and most northern trenches, being T2 and T6, is approximately 13km which indicates a potential for a large resource. Mineralization in outcrop samples extends over a 19km strike length.

Samples from T1, T4, T6, T7, are at the laboratory. T2 will be sent shortly together with further samples from the in-trench pitting.

The next planned phase of exploration is to conduct a ground based electromagnetic (EM) survey on the tenement. This work is will provide a better understanding of the stratigraphy of the tenement. The EM survey can now be conducted since most of the crops covering the area have been harvested and the native vegetation has thinned during the dry season.

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