GREY:BHNGF - Post by User
Comment by
loparnon May 07, 2007 12:52pm
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Post# 12737910
RE: what? That''''s it????/CanadaPost
RE: what? That''''s it????/CanadaPostDon´t you see what this means ?
"The geochemistry, mineralogy and the geological environment of the BCB offer considerable newly recognized potential for the occurrence of a higher-grade uranium exploration target on the recently expanded Pele property. Regardless of the potential for higher grade deposits, the BCB adds an additional dimension to Pele's Elliot Lake project. If sufficient thickness, continuity, and grade can be established, the BCB could add substantial mineral resources and enhance project economics.
All previous announcements from the Company regarding mineral resources, an additional potential mineral deposit, scoping studies, and mine planning at its Elliot Lake project have referred only to MCB mineralization. Therefore, everything announced today regarding BCB mineralization is in addition to the previous project scope.
Uranium, REO, and gold assay results from intersections of the BCB are included in the table below.
Drill Results - Basal Conglomerate Bed
Drill Hole From (m) Core Length (m) U3O8 (%) REO (%) Gold (ppb)
PM-04 101.28 0.72 0.155 0.136 416
PM-10 102.65 0.32 0.572 0.159 210
PM-11 112.00 1.26 0.218 0.113 141
PM-22 200.85 0.27 0.219 0.090 573 "
More uranium than before, much more likely, and HIGHER GRADE !
And on top of that MORE Rare Earth Oxides.
And some gould that I cannot judge the value of now.
GEM should go well over CAD 1.1 after the trading halt.