Kopore Metals (ASX: KMT) completes uranium acquisition in Agadez – The Market Herald

• Kopore Metals (KMT) completes 100% acquisition of Agadez project in the very promising Tim Mersoi Basin, Niger
• The acquisition came after the company signed a share sale agreement with Endeavor Finance
• The company is currently in the process of updating the Mineral Resources Assessment (MRE) in line with the JORC 2012 recommendations
• Drilling and soil sampling should begin immediately, with a planned exploration program that includes detailed geological and structural mapping, air-powerful surveying, diamond drilling, and an extensive rotary drilling program in solution.
• As of 10:04 a.m. AEST shares of Kopore Metals are holding at 3.9 cents

Kopore Metals (KMT) has completed a 100 percent acquisition of the Agadez project in Tim Mersoi’s highly promising basin, a mining jurisdiction considered one of the world’s major uranium areas in Niger.

The acquisition came after the company signed a share purchase agreement with Endeavor Finance to purchase the project.

The company is currently in the process of updating the Mineral Resources Assessment (MRE) in line with the JORC 2012 recommendations. Historical exploration has been completed by NGM Resources.

The company recently confirmed a broader project as promising for uranium after inspection about the unannounced Paladin Energy drilling program in 2011.

The best level of crossings in this drilling program included two meters at a radiometric equivalent of 1740 ppm (ppm) of the trimetic oxide (eU3O8) radiometric equivalent of 229.5 meters in the TOU016 well and a meter at 1700 ppm 14 eU3008 in the eU3008 eU388 eU3.

Drilling and soil sampling should begin immediately, with a planned exploration program that includes detailed geological and structural mapping, airfield survey, diamond drilling, and an extensive rotary drilling program.

As of 10:04 AEST, shares of Kopore Metals remained stable at 3.9 cents.