RE: News Release!What I find most interesting about this news release is the following paragraph (pay particular attention to the FINAL sentence):
"Regional geologic work and detailed uranium occurrence mapping over the last three months have provided confirmation that the uranium (U3O8) occurs within particular siliceous-aluminous young ignimbrite flows, at several horizons, as disseminations between tuffaceous fragments and within congealing fracture fillings related to cooling of the near-surface flows. At several locations the favourable flows appear stacked one on top of the other and separated by barren or low-grade ignimbrites. Better grades of uranium appear to be related to coarse fragmental tuffs suggesting proximity to volcanic necks. This work is continuing and is expected to yield many additional targets in addition to those selected for drilling."
FRP announced after their spring drilling this year they were going to conduct an extensive regional prospecting program over a wide area of Macusani. The above is the first information they have reported on that activity. I was wondering when we were going to see something.
Two things stick out in the above paragraph-------the upcoming drill program will reveal even higher grades of uranium, and "MANY ADDITIONAL TARGETS" (their words) implies that the resource at Macusani could be quite a bit more substantial than the 50 million pound figure that has been speculated. It would be mere hype at this point to say we're sitting on the mother-of-all uranium deposits - the current drill program will give us some answers - but I can't help but get giggly about what this might all entail.
It also seems to me - or is it my imagination? - that FRP seems to be keeping rather low-key about Macusani - they could but they aren't waving their flag around all over the place about this. Is there a reason for that? They seem to be holding their cards rather close to their chests with regard to Macusani, and I think that's a good thing from a longer-term perspective. This could be much larger and significant than any of us have imagined to this point.
Thasis, you have great insight, I would appreciate in particular your feedback on the above.