May 4 2007
SEMAFO today announced that, its wholly owned subsidiary, Semafo Energie Inc. has appointed a dedicated team to manage exploration activities on its recently awarded uranium permits within the Tim Mersoi sedimentary basin, east of the Arlit fault, in the Republic of Niger, West Africa, one of the largest uranium producing country in the world.
Semafo Energie's uranium related activities will be conducted using the highest standards and best practises to achieve optimum success in the exploration programs being launched.
In addition, a technical advisory board has been established with senior geologists and mining engineers who bring extensive uranium specific experience in Niger to support the exploration work carried out.
"Gathering together a powerful team represents the first step in this unique opportunity to discover uranium deposits in this highly prospective area", said Benoit La Salle, President and CEO of Semafo inc. and Chairman of Semafo Energie. "These individuals bring with them a wealth of experience that can be directly applied to delivering successful exploration programs."
Senior management personnel are currently on site in Agadez, Niger preparing a preliminary reconnaissance program which will be focused on the surface geology and geochemistry over the entire permit area using remote sensing technology such as satellite imagery linked to ground geology. The expected occurrence of predominantly continental Carboniferous or Jurassic series within the permit area and the proximity of potential uranium structural feeders make a promising combination. This work will be immediately followed with high resolution airborne geophysics over potential occurrences and a deep drilling program to establish the stratigraphy of the sedimentary series within the area.