Trench loaction of the southern part of the Berlin Project
The Berlin Project in Caldas Province, Colombia is a sandstone-hosted uranium target with a historic resource1 of 12.9 million tonnes at 0.13% U3O8 (38 million pounds U3O8). Assays from the 29-trench program completed in 2010 show continuity of significant uranium, phosphate, vanadium, molybdenum and yttrium mineralization over a three kilometre strike length at an average grade and thickness consistent with historical results. The red and yellow boxes on the map mark the location of the trenches completed in the 2010 work program.
Mineralization at Berlin is contained within a permeable sandstone that lies directly beneath the organic-rich black mudstone. The Berlin Project has the potential to generate phosphate for fertilizer while producing uranium, vanadium, yttrium and other metals as co-products.
1 Berlin historic resource (see Disclaimer)
Assay Results
A 29-trench program has been completed in the Berlin Project, in the southern part of the 10.5 kilometre long fold over the area in which the histroric resource was estimated. Summary of assay results for the 29 trenches are reported below.
Trenching has confirmed the continuity of uranium, phosphate, and vanadium with variable yttrium and molybdenum mineralization over a strike length of approximately three kilometres on the eastern flank of the keel-shaped fold at Berlin. Trenches on the western limb of the fold are less regularly spaced because the target sandstone layer does not reach surface in these areas, and therefore, cannot be trenched. Further exploration will be done by drilling.

1 Berlin historic resource (see Disclaimer)