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  • Eclipse Metals Is Focused Following Tenement Review 0 comments
    Aug 1, 2013 3:27 AM

    Eclipse Metals (ASX: EPM) recently initiated a tenement assessment program, performed by consultant geologists including CSA Global, with Eclipse now in the process of reviewing the recommendations provided.

    The assessment confirmed that several of the company's tenements and those of its partially owned subsidiary Walla Mines are prospective for uranium, gold, manganese, and iron with further geological investigation warranted.

    Other recommendations included relinquishment of some tenement groups.

    Carl Popal, executive director, commented: "We are pleased to have received independent positive results from the Eclipse Metals tenement review with clear recommendations for tenements to be retained or relinquished.

    "Based on the results, we can now focus on the more prospective areas and develop an exploration strategy for the company going forward."

    Eclipse has reviewed and evaluated all granted exploration licences with several prospective areas identified, including the West Bachelor Uranium Project in the Northern Territory, the Moonford Iron Project in Queensland (held by Walla Mines), and the Yellow Jack Gold Project in Queensland (held by Walla Mines).

    Analysis

    Eclipse is currently reviewing new mining projects, with a specific focus on producing assets.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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