GREY:CPLJF - Post by User
Post by
megacopperon Mar 07, 2007 10:50am
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Post# 12370957
This is highly encouraging
This is highly encouragingI didn't realize this before (see paragraph below from an article on the homepage of stockhouse) because I am no uranium expert by any means but the fact that there have been high grade samples of uranium found on surface on the Sibley basin near TAL's ground is highly encouraging. Large uranium deposits such as Cigar Lake on the Athabasca Basin also reported high grade uranium samples before they started drilling. It seems to me that all the geological ingredients are there for a major uranium discovery on TAL's ground so this year should be very exciting!!!
"For gold exploration, high-grade sample result does not indicate the company will have the same level results from underground drilling. But for uranium exploration, the two are highly relevant. Uranium investors still remember before Strateco Resource Inc (TSX: V.RSC, BullBoards) started drilling at Otish Mountain, before Cameco Corp (TSX: T.CCO, BullBoards) started drilling at Cigar Lake, they all reported very high grade of U3O8 from grab samples."