Strateco Resources Inc SRSIF

Energy

Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.

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Strateco Resources Inc

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Post by bpeterson Apr 15, 2006 9:50am

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Post# 10679055

Can someone clarify?

RSC indicated that "all holes drilled to date on the Matoush uranium property have intersected the uranium-bearing structure discovered in 1984 by Hole AM-15, drilled by Uranerz Exploration and Mining ('Uranerz'). Hole AM-15 returned a 16-metre intersection grading 0.95% U3O8 per tonne (19 lbs per ton) at a vertical depth of 220 metres." Hole Description and Locations: AM-15 Drilled in 1984 by Uranerz - vertical depth of intersection 220 metres, angle of drilling 70 degrees, azimuth 275 degrees, mineralized section 16 metres, grade 0.95% U3O8. Note: core recovery low - 2-metre clay section: recovery 0.5 metres, grade 20.4% U3O8. Maximum counts is 12,000 counts per second. However, no information is available on the type of equipment and calibration. MT-06-1 Vertical depth of intersection 197 metres - located 21 metres north of AM-15, recovery low - 2-metre clay section: recovery 0%. Strong radioactivity along the section of up to 6,000 counts per second. 5-METRE MINERALIZED section. Note: Due to low core recovery, drilling contractor Major Drilling assigned a foreman with experience in this type of mineralization to the Matoush site. Subsequent core recovery was 100% in all holes. MT-06-2 Vertical depth of intersection 220 metres - twin of AM-15, (intersection 2 metres south); core recovery 100%, including the 2 metres of clay. MINERALIZED intersection 18 METRES - very high radioactivity of up to 24,000 counts per second. MT-06-3 Vertical depth of intersection 178 metres - located 15 metres south of AM-15; core recovery 100% - medium radioactivity. MINERALIZED intersection 7 METRES - maximum 1,000 counts per second.MT-06-4 Vertical depth of intersection 243 metres - located 6 metres south of AM-15. Intersection of two mineralized zones, the first located in the hangingwall of the main zone. A new 13- metre long zone was intersected, composed of a uranium-bearing mineral (Uranophane), radioactivity of up to 19,000 counts per second; the main, 4-metre thick zone was intersected 8.0 metres down hole; radioactivity of up to 22,800 counts per second; core recovery 100%. ------------------------------------- How does this compare elsewhere? Are these intersections large enough? Is the price reflective of these interesections of at least 1% U3O8?

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A junior copper-gold stock trading at a bargain of monumental proportions