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EUROPEAN URANIUM RESOURCES LTD V.EUU

"European Uranium Resources Ltd is engaged in the identification, acquisition, exploration and, if warranted, development of mineral resource projects. Its projects are Kuriskova Uranium Deposit and Novoveska Huta uranium deposit."


TSXV:EUU - Post by User

Comment by Itsagusheron Jan 07, 2015 8:15am
107 Views
Post# 23293147

RE:False hopes: EUU investors already immune, FTE ones not yet

RE:False hopes: EUU investors already immune, FTE ones not yetOh....and one more thing ref your third point. EUU's last NR informs us that "The Company completed a three hole core drilling program in late 2012 for the purpose of obtaining composite samples for metallurgical test work. Those drill results will now be reviewed to assess whether an update of the mineral resource estimate is warranted. Work will also begin on evaluating whether there is potential for significant rare earth credits within the deposit. Geochemically anomalous concentrations of certain rare earth elements are known to occur within the Kuriskova uranium and molybdenum mineralization, but their potential to be produced as a by product has not been evaluated. Initially, this work will comprise a review and evaluation of existing data, which if positive, will be followed by re-assay of select drill core samples." Forte's news release on 23rd December then informs us that "The Company is pleased to advise that the final calculations for the resource update are being finalized by our consultants. A significant increase in contained uranium is expected. The Company believes it will be in a position to announce the final upgrade in early January 2015. The Company looks forward to updating shareholders on this and other initiatives." Clearly not long to wait for what sounds like a very interesting update then....
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