Bannerman Reports New Regional Exploration and Infill Drilling Results

Bannerman Resources (TSX:BAN, ASX:BMN) reports new exploration and infill drilling results from its Etango project in Namibia, southwestern Africa.

Bannerman commenced reverse circulation (“RC“) drill testing of these anomalies in mid May. By 20 July 2010, a total of 42 RC drillholes had been completed on the anomalies. The best drilling results have been returned from the Ondjamba “REC” Anomaly, approximately 2km to the east of the proposed Etango open pit.

Len Jubber, CEO of Bannerman Resources says:

“Drilling of highly anomalous Radon gas occurrences within the Ondjamba Prospect, only 2km east of the proposed Etango open pit, has confirmed the presence of concealed uranium mineralisation. A number of drillholes have intersected relatively shallow resource grade mineralisation within 100 metres of surface in this area. We are very pleased with this early drilling success.” “The potential for a satellite pit at Ondjamba is exciting given the close proximity to the existing Etango deposit and the additional value it could bring to the Project.”

“As well as the recent drilling success at Ondjamba, a Radon cup survey has now been completed at the Rössingberg Prospect and RC drilling is to commence shortly to test the identified anomalies.”

For complete news release, click here.