GREY:JNRRF - Post by User
Comment by
megphion Aug 21, 2004 12:13pm
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Post# 7837109
RE: Size of deposit
RE: Size of depositAccording to the map showing the passed drill holes, current drill holes released, current drill holes pending, and future possible drill hole locations, it is possible to see that holes 57 and 58 are approx 17 metre step outs to both the east and west of the current deposit area. If uranium is intersected there, then the deposit is over 184 metre strike length, as opposed to the current 150 metres.
Furthermore, holes 52 and 53 were drilled to the north of the deposit area. Although I would be quite surprised if they intersected uranium there, and presence would once again increase the size of the deposit. The propsed drill holes (both to the east and west) also appear to be in locations that would shed light as to whether the deposit is bigger than initially estimated.
I also believe that given their locations, holes 50, 51, and 56 might bring back some pleasant numbers. Who knows, maybe that's why the holes were released out of order. I guess the next few weeks will tell.
Has anybody else heard the rumour that uranium contracts were trading at $21 a pound this week??? If so, please enlighten us, as this would be incredible news for the uranium sector.