Good to see ESO/FIS finally getting back to doing some exploration on the PLS. Have reviewed the company presentation and came across this piece of info that might be of interest to share holders:
"OF NOTE: GOLD (quote)
Of the 74 samples of boulders and mineralized soil samples submitted for fire assay, 9 samples returned anomalous gold values ranging from 0.101 g/t gold to 2.43 g/t gold. This reflects a general association of gold and uranium which is also reported in the largest South West Athabasca Basin deposits. The Shea Creek Deposits of Areva-UEX (with approximately 90 million pounds) and the former producing mines of Amok (Areva) at Cluff Lake (approximately 60 million pounds produced) are examples. This suggests that elevated gold values may be characteristic for deposits in the South West area." (end quote)
This is interesting in that the gold/silver in these samples is quite easily recoverable (metallurgy) with only a very limited adjustment to the U recovery process (very economical). It is almost certain that when they find the boulder field source, they will have a double bonus in gold values too. What is not mentioned is that silver is usually present in about a 3:1 ratio to the gold too, if it follows the trend analysis of Cluff Lake ore body.
Not overly keen on a consolidation but sometimes there is no choice; so the present exploration program may decide which direction that goes. Also in the Corp. news they hinted at a name change; that might be anything from a merger to a re-structuring?! I am not suggesting either, but simply wonder what that means for us shareholders? I have no information on that. Consolidation or not their properties will continue to have high value prospects if they can weather the present junior exploration dog days.
All indications are the Japan will be forced back into nuclear energy just to survive, as their energy costs using gas or oil would overrun into the trillions of yen (re: BNN), raising the prospects of higher export costs! That would mean higher import costs for any country importing from Japan and they would lose any economic advantage they presently enjoy. Can't see them allowing financial suicide?! Expect U prices to rebound as demand is greater than production (from all sources that I have been able to find). Interesting times!
Remember your personal DD
Solvers ramblings.