8 February 2012

Uranium cheer at Albidon

17/08/2007 Robert Tyerman

Australian mineral prospector Albidon reports high-grade surface uranium samples at Chisebuka in Zambia.

The AIM-quoted company says African Energy Resources, its joint venture partner at Chisebuka, has completed rock chip sampling, whose best assay results show samples of between 1,297 and 4,823 parts per million of U308. Drilling should start next month at the project, where a ‘major energy company’ outlined a promising ground radiometric anomaly in the 1970s, when the uranium market was very different.

Albidon shares, recommended by Growth Company Investor at 37p in May last year, are 3p up today at 83p. Hold on.

Sector: Mining

Companies: Albidon (suspended on 24 March, 2009)

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