Signs of life , is it uranium or the value of SKE, MAS & SMPEach of the investments is ripe for acquisition and SMP owns a few Augusta shares which neighbour Corvus went to Anglo this week.
M&A activity may supercede the drill bit this fall.
SASKATCHEWAN PROJECTS Denison Joint Venture Hatchet Lake and Murphy Lake - Eros holds 29.85% in the Hatchet Lake joint venture located in the shallow, eastern portion of the Athabasca basin of Saskatchewan. The target is unconformity-type uranium deposits similar to the nearby McLean Lake mine. Denison Mines Corp. (“Denison”) is the operator of the joint ventures. Eros believes in the potential of the area and intends to defend its interest in the properties. The Hatchet Lake property is located just 17 km north of the McClean Lake uranium mill owned by OranoDenison-OURD. Access to the property is by winter road or aircraft. The Hatchet Lake property is considered prospective for uranium as well as base and precious metals. Historic drill holes have reported U, Ni, Co, Cu, Au and Ag enrichment. The proposed ground geophysical program will cover areas prospective for the above metals. Historic holes on the property have reported: 4.9% Ni, 6.1% Co over 5 metres 5.9% Cu over 2 metres 21.5 g/t Au over 1 metre 19.6 g/t Ag, 3.3% Pb, 0.27% Zn over 9.6 metres The proposed program for 2020 includes reviewing historic core, especially sulphide intersections for additional base or precious metal enrichment.