Bondi Mining announced encouraging rock chip and soil results from regional field reconnaissance within the North Maureen Project area in Queensland.

A helicopter supported field reconnaissance program following up geophysical and radiometric targets has located a partially exposed ferruginous quartz breccia zone at Native Creek, located approximately 25 kilometers north of the Maureen uranium deposit.

Anomalous rock chip samples received up to 760ppm U3O8, 1.1% Cu, 0.68 gram tonne Au, 206 gram per tonne Ag and the 500 meters ferruginous quartz breccia zone displays anomalous uranium and copper mineralization.

The breccia is within the Proterozoic basement, close to the Carboniferous unconformity, and displays elevated uranium, silver, gold and copper. Soil sampling confirms the mineralized zone and indicates potential down dip extension of the breccia zone. Anomalous rock chip samples, collected in the area along structural extensions of the zone, indicate the potential of further mineralization under cover.

The North Maureen Project in Queensland is a large package of tenements containing a number of untested targets beneath cover, which display similar geological characteristics to the Maureen and Ben Lomond deposits. Mega Uranium Limited’s Maureen uranium deposit, which lies 2 kilometers to the SE of the Bondi tenements, contains an NI43-101 compliant Indicated Resource of 3.1 million tonnes at 0.09% U3O8 and an Inferred Resource of 0.15 million tonnes at 0.11% U3O8.

The North Maureen project is the subject of a Letter of Agreement between Bondi and Japan Oil, Gas and Metals National Corporation wherein JOGMEC can earn 51% undivided interest in the project by sole funding AUD 0.9 million in exploration over two years. Bondi is the operator of the exploration program.

Mr Rick Valenta MD of Bondi Mining said that rock chip sampling of the outcropping breccia and exposed unconformity have confirmed anomalous uranium, copper, arsenic, molybdenum along 500 meters long North West trending zone.