Brinkley Mining - Southern Sudan
Brinkley Mining's wholly-owned subsidiary, Brinkley Mining Project 4 Ltd, has a provisional prospecting license for the exclusive exploration of Uranium and associated minerals over an area of over 5,000 km2 of Budi County in Southern Sudan and operates a Joint Venture with New Kush Exploration and Mining Company Limited to explore the licence area. Brinkley management has reviewed the exploration results obtained from its interpretation of the extensive airborne aeromagnetic and radiometric survey exploration work carried out during 2008 and from the field work program carried out during April 2009. It concluded that, though the Budi concession area showed promise for the hosting of gold and uranium mineralisation, the project was too early-stage and therefore did not meet Brinkley's revised exploration criteria. Furthermore, an assessment of the political and security risks in Southern Sudan, suggests that they may increase over the short to medium term. Based on an assessment of these factors, the Board has decided to spend no further monies on developing the Southern Sudan project and is looking at ways to dispose of its interest in the project.
