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Modern PVC Inc MPVC



GREY:MPVC - Post by User

Post by Campinon Apr 18, 2014 12:06am
154 Views
Post# 22466756

FILING STATEMENT, December 19, 2013

FILING STATEMENT, December 19, 2013Got this from Sedar (Pg 62-68)

"Based on the results of exploration to date, two targets in the Northwest Manitoba property area, two targets (Snyder 4 + Snyder 13/Maguire Lake Trend) presently require drill testing."

Looking at the two areas Snyder 13 looks to be the more interesting and I'm guessing is the main target for this seasons drill campaign.

Snyder 13:

"Prospecting in the area during 2005 discovered uranium mineralization in an arkosic calc-silicate outcrop of up to 9.51% U308, with thorium values of up to 0.23%, molybdenum values up to 0.43%, and anomalous selenium, tellurium and barium values in nearby boulders and grab samples.

The prospecting encountered aanomalous uranium values in a variety of different rock types: arkosic calc-silicate: 1.73% U308 (sample JR176), syenogranite: 1.26% U308 (sample:JR121), syenite: 0.72% U308 (sample RSW005), pink pegmatite: 0.42% U308 (sample RH507), mafic poor calc-silicate: 0.69% U308 (sample OM243), tonalite: 0.55% U308 (sample CM027) and psammite: 0.49% U308 (sample GM269). The average uranium value of 80 samples submitted for assay was 1.09% U308. LREE values were seen to range from 15 ppm to 8,070 ppm, with an average of 577 ppm. HREE values ranged from 17 ppm to 10,873 ppm and averaged 389 ppm. A pitchblende pebble in overburden returned an assay of 66.3% U308 (sample JR176b).
 
Follow-up pole-dipole DC resistivity (50.6 line-km) and gravity (441 stations) surveys along the Maguire Lake Trend in 2012 (Figure 10) indicated several targets where coincident gravity lows and resistivity lows may indicate the possibility of basement hosted uranium mineralization. Initial shallow (100-150 m length) diamond-drill hole testing is recommended on geophysical anomalies in the Maguire Lake Trend to confirm the presence of the inferred mineralization."

Of the drill campaign... The plan is 35 holes for a total of 5855 meters (Average I guess if 167 meters per hole)...

Lets not forget that 1% U308 is about equal to around 20 grams-per-ton gold... So shallow and high grade.. 

I like this prospect and with a guy like Charles Fipke involved.. I like it even more...

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