Salamanca I Project

Salamanca I is 100% owned by Berkeley and includes the Retortillo, Santidad and Gambuta deposits. Tenements included in the Salamanca I Project cover an area in excess of 72,000 ha and cover several other smaller resources and further areas uranium mineralisation and radiometric anomalies, some of which remain unexplored in recent years.

The resources within this project total 33.1 million tonnes at 394ppm U3O8 for a total of 28.7Mlbs (13.0Kt) U3O8.

Mineral Resources as at 31 December 2011 (using 200ppm U3O8 Cutoff)

SALAMANCA 1 PROJECT



Deposit

Resource Category

Tonnes
(Mt)

U3O8 Grade
(ppm)

U3O8
(t)

U3O8
(Mlbs)

Retortillo

Indicated

6.1

416

2,555

5.6

Inferred

5.3

376

2,005

4.4

 

Total

11.5

397

4,560

10.1

Santidad

Indicated

1.4

394

552

1.2

Inferred

3.2

417

1,334

2.9

 

Total

4.6

410

1,886

4.2

Salamanca 1

Stage 1

Indicated

7.5

412

3,107

6.8

 

Inferred

8.5

391

3,339

7.4

 

Total

16.1

401

6,446

14.2

Zona 7

Inferred

3.9

414

1,615

3.6

Las Carbas

Inferred

0.6

443

266

0.6

Cristina

Inferred

0.8

460

368

0.8

Caridad

Inferred

0.4

382

153

0.3

Satellite Deposits

Total

5.7

421

2,401

5.3

Gambuta

Inferred

11.3

371

4,192

9.2

Salamanca 1

Stage 2

Total

17.0

388

6,594

14.5

SALAMANCA 1 PROJECT

Indicated

7.5

412

3,107

6.8

Inferred

25.5

389

9,933

21.9

 

TOTAL

33.1

394

13,039

28.7

The information in this section of the website that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Craig Gwatkin, who is a Member of The Australian Institute of Mining and Metallurgy and a employee of Berkeley Resources Limited. Mr. Gwatkin has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Gwatkin consents to the inclusion in the Projects section of this website of the matters based on his information in the form and context in which it appears.