DYNASTY RETURNS POSITIVE URANIUM SAMPLES AT MT PHILLIPS –
EXPLORATION UPDATE
Emerging uranium explorer Dynasty Metals Australia Ltd (ASX: DMA) (“Dynasty”) today announced positive rockchip sample results at its 100% owned Mt Phillips Uranium Project, located 270 kilometres east of Carnarvon in Western Australia.
The results confirm occurrences of pegmatite hosted uranium mineralisation with results from rock chip sampling of up to 395ppm U3O8 returned (see Figure 1 below).
Dynasty will continue ground radiometric surveys, rockchip sampling and detailed mapping at Mt Phillips to identify the extent of the mineralisation.
The project area has had only limited surface exploration by Agip Nucleare Australia between 1974 and 1978. Previous exploration included radiometric surveys, costeaning and geological mapping.
West Australia Uranium and Iron Exploration
Dynasty has undertaken a ground reconnaissance and sampling program at Warramboo and Glen Florrie in the Gascoyne. Results will be released to the market as more information becomes available.
Mr David McSweeney (ex-Managing Director of Gindalbie
Metals) was recently appointed as Dynasty Non-Executive Chairman to drive Dynasty’s growth and development plans with its extensive uranium portfolio and diversified mining interests in Victoria, Western Australia and Northern Territory.
YOUNG_TRADER said:Noi, right now I'm more interested in Warramboo Iron Ore project
Very large volume on the options today while the heads are quiet
I'm really surprised that there has been no comments or thoughts re DMA
YT...changing your avatar (which doesn't look happy)..was a bad move.
Doesn't give positive vibes
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