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Velox Energy Materials Inc V.VLX

Alternate Symbol(s):  CUIRF

Velox Energy Materials Inc. is a Canada-based energy materials company, which is engaged in developing and progressing high-value assets in resource and research- friendly jurisdictions. The Company is focused on energy materials solutions for the global transition to net zero. The Company is focused on the advanced North Queensland Vanadium (NQV) project in Queensland, Australia. Its NQV project covers 1,246 square kilometers (km2) in northwest Queensland, about 500 kilometers (km) southwest of Townsville. The NQV project is located in northwest Queensland, Australia, along the Flinders Highway between Julia Creek and Richmond. Its Kotai Hydrogen Project is focused on the commercialization of technology that can produce high-pressure hydrogen following transport as an inert powder. The Company’s Lake Pierre Project is located approximately 55 km east of the town of Havre St Pierre. The Company's subsidiaries include Currie Rose Vanadium Pty Ltd., and WA Hydrogen Pty Ltd.


TSXV:VLX - Post by User

Bullboard Posts
Post by ElGrandeBurritoon Dec 05, 2010 2:14pm
445 Views
Post# 17803075

BMR Week In Review

BMR Week In ReviewIt was a very positive week, technically, for Currie Rose as the stock corrected 35% from the recent 42.5 cent high to help unwind an overbought condition, and then it snapped back quickly toclose the week at 36 cents for a loss of just 1.5 cents…CUI fell as low as 27.5 cents Wednesday, just above its rising 20-day moving average, and that’s when we correctly called an end to the pullback…volume is such an important indicator…this stock has been around for some 40 years and the record all-time trading volume we’ve seen in CUI recently has to be considered an extremely bullish sign for this company…we first mentioned CUI to our readers over 2 months ago when it was sitting at a dime…we added it to the BMR Portfolio at 16 cents in late October and the stock has more than doubled since then…what’s driving this interest in Currie Rose, we believe, is a growing appreciation of the company’s potential inTanzania where it is focusing on 2 major projects (Mabale Hills and Sekenke), approximately 200 kilometres apart, in the prolific Lake Victoria Greenstone Belt…with the Sisu River Gold Property, which is part of the Mabale Hills Project, investors are looking for a possible repeat of Currie Rose’s early success in 2005 just 8 kilometres to the southwest at Mwamazengo…14 holes totaling nearly 1,500 metres were completed through mid-November at Sisu River….the company reported that “good source rocks have been intersected beneath the ‘mbuga’ clays”…we can’t help but think a discovery could be in the making here, perhaps similar to what occurred at Mwamazengo…the drill program at SisuRiver is focusing on an area that has returned excellent sampling results and where artisanal miners made a discovery in the fall oflast year…the quartz porphyry target at Sisu River is hosted withinfelsic volcanic rocks, generally considered to be favorable hosts for Gold in greenstone belts around the world…in mid-November Currie Rose also gave more details on its Sekenke Gold Project which is 200 kilometres southeast of Mabale Hills…we are extremely bullish on this major land package as it runs in between and surrounds 2 former producing high grade mines…the company has already identified a large structure (12 km by 800 metres) within a shear zone on the margins of a large granite intrusion that hosts numerous vertical quartz reefs of the same type that developed at the nearby former mines…Currie Rose is ready to initiate significant pre-drilling work (high resolution satellite imagery, geophysics, etc.) at Sekenke in order to prioritize drill targets forthe spring…the former high grade Sekenke mine was one of Tanzania’s original Gold producers and a significant one but it’squite possible they missed the main deposit which could actually be on the ground that Currie Rose holds…
Bullboard Posts