continues to move along the main Matoushtrend in Quebec to identify areas with
stronger uranium grades that can be focus
areas to expand the project resource from 20
million to 60 million pounds. RSC plans to
drill the entire 13.8 km of the Matoush project
at 200 metre spacing, to be followed up
by intensive drilling where new zones are intersected.
This is a 2 year 125,000 metre
drill program. With permitting in place to
begin underground workings for exploration
purposes, Matoush is now arguably the most
advanced uranium exploration project in
North America outside of Nunavut to be positioning
a new uranium district. The market
has not treated uranium explorers well recently
and RSC is no exception. It will be
some time before we know if RSC can approach
its new resource target of 60 million
pounds but reaching a lower threshold that
would make it an economic project certainly
seems doable. For those with patience RSC
is a good holding to accumulate in the current
price range.