Resources round-up: Uranium Resources, Conroy Gold, PetroNeft

Uranium Resources, a uranium exploration company, has said further high-grade intercepts at its wholly-owned Mtonya uranium project in southwestern Tanzania have further reinforced its model of continuous uranium mineralisation at depths between 120m and 220m. The maiden resource is expected in the first quarter of 2013. Over 25,000 metres of diamond drilled has been completed at Mtonya to date.

By MoneyWeek

published 19 September 2012

in Features

Conroy Gold and Natural Resources has signed an agreement with Gold Fields to undertake mineralogical characterisation and metallurgical testwork on drill core samples provided from its Clontibret gold project in Co. Monaghan, Ireland, where it plans to develop a gold mine. "This is a further major step towards bringing a mine into operation in Clontibret. I am delighted that Gold Fields Ltd using their BIOX technology will be running the testwork programme as they are a leader in this field of technology," the firm's Chairman said.

PetroNeft Resources has said the Arbuzovskoye well 101, the first of ten planned new production wells on the Arbuzovskoye oil field in Russia, has been successfully drilled. Well completion is now underway utilising a workover rig and is expected to bring the well into production around the end of this month. The production drilling rig has been moved and has started drilling well 102.