Porky Lake from Claude report:Currie has a 30% carried interest in about 12,000 acres I believe, adjacent to The Seabee mine. Porky Lake is on this property. I believe that they will end up finding a lot of mineabe gold here. The only reason, in my opinion, that this prospect isn't drilled more, is that it's not 100% owned by Claude. I have no idea why with such a small market cap of cui, that Claude doesn't buy out there 30%. Better yet, they should go for the whole company, since they will then get Curries very promising properties in Tanzania. This stock is incredibly cheap. Currie also owns the Scadding property in Canada which has been drilled with some sucess.
(from Claude's release today)
Porky West Zone
The Porky Lake area lies three kilometres north of the Seabee mine and contains an extensive, 7.5 kilometre long, gold mineralized shear horizon at the contact of volcanic and sedimentary rocks. Four significant zones have been identified along this horizon to date, one of which (Porky West) has been sufficiently drill-tested to support the calculation of an estimated indicated mineral resource of 90,000 tonnes of 7.33 grams per tonne and an estimated inferred mineral resource of 130,000 tonnes of 5.00 grams per tonne.
The necessary permits were received in 2005 and by the end of the third quarter, the Company had ramped down and accessed the vein system in three places, collecting a 5,000 tonne bulk sample. Mill and metallurgical tests are currently being assessed and will be reported in the first quarter of 2007.