GREY:CPLJF - Post by User
Comment by
sammenardon Feb 24, 2007 6:46pm
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Post# 12305197
RE: Just two words ....
RE: Just two words ...."Just a question, are there any uranium producers or are there any real and substancial uranium deposits discovered in this area of Ontario ever?"
Uranertz explored the area in the late '70's but then the market collapsed and they left. So, the answer is no - there are no producers and no deposits have been discovered (yet)in NW Ontario. RPT hit 2% over 1.5 meters and a 19% grab sample last year - not too far away from TAL's claim block. The Sibley basin has been compared to the Athabasca and it's a matter of time before U3O8 is found in a lareger intercept. Unlike the Athabasca and Otish, there aren't many companies exploring in this area; however that could change in a heartbeat. IMO, this is as good a bet as any.
Good luck!
Sam