Anglo-Bomarc Mines Ltd (TSXV:LTD) released updates on the 2013 Hughes Lake Uranium work program, which is a joint venture between the company, Cameco Corp as well as Areva Resources Canada Inc. Anglo-Bomarc announced that the program consists of 15-20 diamond drill holes and the program budget amounted to $4,000,000 with the company contributing $400,000.
As quoted in the press release:
The primary objective of the diamond drilling program is to drill test the C conductor trend over the entire length of the property at 400m spacing. This will allow for the evaluation of the trend for the presence of a geochemical/alteration halo or in-situ uranium mineralization that is indicative of a (~100 M lb.) deposit.