Wow! Two for two!
Well I'm on a roll with a two'fer. It will be interestring to see if the next "Mikwam" or "Nevada results" comes about as I suspected.
I am especially happy to see work being done on the Patterson, since as I have stated before on my posts, that, that particular area of Uranium discoveries often comes with a very high probability of high gold/silver values.....especially when we see the arsenic compounds as indicator elements. For any "newbies" on this board, I was involved with the laboratory analysis of samples from that area, particularly the Cluff Lake discoveries and others. Some of the gold/silver analysis ran over 400 OPT (not grams) gold and over 1500 OPT silver. Main Uranium hits were over %75 U3O8. Other samples from this particular area by other exploration companies have concentrations as high as 33-39% U3O8 and the South Patterson property is on the same line of discoveries. Of interest is that both ESO and FIS are excited about the Patterson. ( A lot of expertise and experience between the two)
New air survey technology is now capable of better able to fine tune the hot spots for drilling sights (that last two years were a leap in that technology). The Uranium market continues to be- buyers can't buy- at these prices and sellers won't sell. So it appears at this point, that we have reason to be optimistic in the U field.
The Donna property at the head waters of the Kettle River, may be a surprise. ESO talks of a bulk ore body, those usually in the 0.5 gpt-1.0 gpt and large tonnage, but the west area has never been drilled from what I can find and the pathfinder elements show some great promise. Anything over the 0.5-1.0 gpt range will for a certainty be a huge boost for ESO. I would say not to expect Bonanza grade results (except maybe silver) but ESO has stated that the source material for all the placer mines in that area has never been discovered and the Donna is dead center of that scenario. At this post gold and silver are on a nice upswing with gold prices predicted to surpass $1600/oz. by year end if not sooner.
My guess is that if the drillings on the Donna are reasonably good, share prices should reflect that in higher sps.
There is really nothing new stated above that can't be found on various web sites, but I like to express reasons for optimism from time to time for the longs. Above all remember your own DD.
Solver