Something to wrap your mind around.
Since the Patterson Lake South property is relatively close to Cluff Lake’s original discovery, I have been trying to find reference to gold production from the Cluff Lake ore body, since as I have posted before, gold values were phenomenal at the start of mining at Cluff Lake. I did find the following reference in one of ESO’s earlier news post from Aug. 22/07. You can read the entire news release if you choose, but, I have extracted the information that I was most interested in, below the link.
Aug. 22/2007
https://www.emailwire.com/release/ESO-Drills-Radioactive-Intervals-In-Eight-Drill-Holes-Testing-Radon-Anomalies-On-The-Carswell-Project-Near-The-Former-Cluff-Lake-Mine-West-Athabasca-Basin-Saskatchewan.html
Cluff Lake Mines produced more than 60 million pounds of uranium oxide during the period 1980 to 2002. More than 8,000 ounces of gold were produced in the last 3-4 years of the mining operation, before decommissioning and achieving ISO 14001 environmental classification.
Howmuch gold/silver was produced prior to 1998-99 (1980-1999) {19+years} when gold content was much, much higher? That seems to have been and still is a very closely guarded secret. If I was to guess, I would say “easily” into the millions of ounces, judging from what I remember of the original assays! ....Not to mention bonanza grade silver too!
Whatever the case, the gold/silver is definitely there and associated with the high radiation/mineralization in that area. Thus I am anxious to see if Patterson Lake South is a repeat!?
The gold/silver content is my main point of interest, although Uranium will probably be the main focus, and secondary metals hardly mentioned. That’s okay too!
IF and I stress IF, it is a repeat of Cluff Lake, expect ESO/FIS shares to go ballistic!!
My thoughts but remember your personal DD!!
Solver