Latest Drill resultsFrom my perspective, the results are disappointing.The company was attempting to drill deeper to see if the surface trench resultsextended below. It does not appear that the vertical extension is there.
The average depth of a hole was 24 meters. The average intervalgreater than the cutoff is 2.73 meters all within the top 5 meters. Thisis what we knew beforehand from hand trenching and auguring.
The news release does mention the loss of sample after the first 3 meters inmost holes. Is this loss of material that can be assayed or loss ofmineralization? If the former, then perhaps the company can do something aboutbetter collection below 3 meters. After hole 46 when "modificationswere made to the drills cyclone system to reduce loss of fines", there-drilled results revealed increases in grade, but not depth of discovery.Thus, those modifications do not seem to extend the mineralization to depth.
Mind you, just a few meters at thesurface over a wide area can mount up.The holes (spread over a length of 3.5 km) have an average U308% of 0.03in a mineralization thickness of 2.73 meters. The press release says Australia’sLake Maitland has inferred resources of 23.7 million pounds from 0.33 U308 in 1.7meters of mineralization that is spread over 10 square km. BSK has similar average grade (so far) from abigger (2.73 m) mineralization interval in the approximate 4 square km area ofAnit West. It is not clear, however,whether the mineralization is spread across the entire area. Holes 1 and 2 were dramatic sideway stepoutsand they did not hit reportable grades.
Does anyone know how to value V2O5 %? I presume it has value, otherwise itwould not be reported.
Although BSK’s report is not as I would like, it still haspromise. While Anit West appears to bethe best anomaly, Anit Central and East are equal or larger in size. The pounds could add up.