Alpha Minerals Inc ESOFD

'Long-lived and potentially large system": Shaw

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From latest Seeking Alpha article by Malcolm Shaw:

"The grades and thicknesses of uranium mineralization and alteration encountered thus far are suggestive of a long-lived and potentially large system. End-to-end, mineralization has been discovered along roughly 800 meters of strike length, and the deposit remains open to expansion in all directions. Radon gas analysis has been used as an indicator for underlying uranium, given that radon gas is a natural product of natural uranium decay. This "radon targeting" is innovative, and at least partially responsible for the high exploration success rate to date. Grades as high as 45% U3O8 have been encountered, which should catch the attention of even the most hardened mining investors. To put it bluntly, you just can't get 45% U3O8 into a rock unless the mineralizing system is long-lived. The accumulation of mineralization (be it gold, copper, or uranium in this case) takes time, so to see grades at high as those being seen at Patterson Lake, it is logical to assume that uranium-bearing fluids were pumping through the rock for a long time. These fluids moved through a network of interconnected fractures and fissures which has been shown to be mineralized over a strike length of at least 800 meters. In the uranium world, this already qualifies it as a large system and the high grades mean that the resource has the potential to grow quite quickly. If anyone is still wondering, both of these attributes are good signs for the forward program."

Full text: https://seekingalpha.com/article/1406741-q1-drilling-shows-patterson-lake-makes-the-grade-literally?source=email_rt_article_readmore