20 September 2017
URU Metals Limited
(“URU Metals” or “the Company”)
Significant base metal assay results correlate with PGE intersection from drill results at Zebediela Project
0.42% nickel and 0.15% copper with previously reported 2 g/t Platinum Group Elements (PGE) over 9m in latest drill hole
URU Metals is pleased to announce the corresponding nickel and copper assay results from the two significant Platinum Group Element intersections reported last week, in diamond drill hole Z019 on the Zebediela Project, located in Limpopo, South Africa.
· The first intersection returned an average of 0.42% nickel and 0.15% copper over 9 m from a depth of 133 m (see Table 1 for further detail). A second intersection returned an average of 0.44% nickel and 0.10% copper over 1.8 m from a depth of 169 m (see Table 2 for further detail).
· These results correlate with the 2 g/t 3PGE+Au over 9m and 1.6 g/t 3 PGE & Au over 1.8 m that were reported on 14th September 2017
· Further drilling is planned to commence shortly to test the extension and continuity of the nickel-copper-PGE mineralisation.
· A total of three drill holes (Z017, Z018 and Z019) have now been completed in the current drill programme at Zebediela. Nickel and copper assays remain outstanding for Z017 and Z018, and the first of these, together with the results of the metallurgical testwork from the first drill hole Z017, are expected to be received shortly and all outstanding assay results will be reported thereafter.
John Zorbas, CEO of URU Metals, commented:
“These nickel and copper assay results are higher than we expected, and demonstrate the potential to continue to add value to the Zebediela Project. The shallow depths and significant widths of these intersections bode well for the project should we be able to demonstrate continuity of the mineralisation.”
This announcement contains inside information.
For further information, please contact:
|URU Metals Limited|
(Chief Executive Officer)
|+1 416 504 3978|
|Northland Capital Partners Limited|
(Nominated Adviser and Joint Broker)
Edward Hutton / Matthew Johnson
|+ 44 (0) 203 861 6625|
|Beaufort Securities Limited|
|+ 44 (0) 207 382 8300|
|SVS Securities Plc|
|+44 (0) 203 700 0093|