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Texas Mineral Resources Corp. (TMRC)

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Last Post: 11/14/2018 10:33:06 PM - Followers: 22 - Board type: Free - Posts Today: 0

Standard Silver Corporation Updates Development of Round Top Beryllium-Uranium-Rare Earth Deposit. (Pink Sheets: SDSR) Initial Uranium Assay Results Demonstrate Grades of 1.09% TYLER, Texas, July 8 /PRNewswire-FirstCall/ -- The following was released today by Standard Silver Corporation (Pink Sheets: SDSR): Standard Silver Corporation today announces progress in analyzing its Round Top Beryllium-Uranium-Rare Earth property, located 85 miles east of El Paso in Hudspeth County, Texas. This deposit was initially developed by Cabot Minerals and Cyprus-Amax in the 1980's. Standard Silver Corp. is in the process of acquiring and compiling data on the Round Top deposit and has completed a first phase of field work that included re-opening the mine. The company has also commenced an evaluation of both uranium and rare earth and other rare metal potential. Drilling by Cabot Minerals in 1984-1985 discovered widespread beryllium mineralization beneath a rhyolite cap on the north side of Round Top Mtn. This mushroom shaped, shallow intrusive body is called a laccolith. The ore occurs as vein-like replacements along southeast trending fractures of moderate displacement where limestone is juxtaposed against rhyolite; as veins and lenses on lesser fractures in the limestone; and as flat lying replacements at the rhyolite-limestone contact. Their geologic resource is reported to have been 850,000 tons at an average grade of approximately 1.5% BeO, (25 million lbs of BeO), for all types of ore within the drilled area. In 1986 Cyprus Amax, who was then the operator of a joint venture with Cabot, drove 1115 feet of decline, drift and trial mine to investigate a particularly favorable group of holes near the western end of the drilled area. The ore was found to be hosted in a southeast trending fault; it was called the West End Structure. Additional drilling from underground and surface defined and extended this ore body to the southeast for a reported 2150 feet. It is open ended. Cyprus prepared a feasibility study in 1988 based on this ore zone. The basis for this study was a reported 300,000 tons at 1.9% BeO (11 million lbs of BeO). Preliminary sampling underground on the West End Structure by Standard Silver shows 3.08% BeO over a ten foot width. Another as yet undeveloped ore zone is present east of the West End Ore body, and ore grade mineralization is present throughout the area of drilling. Recon drill holes on the east side of the mountain also intersected mineralization and mineral shows were found in limestone overlying the rhyolite in several drill holes near what is thought to be the southern edge of the rhyolite. Much of the deposit remains unexplored and is of high potential, particularly along a set of fluorite mineralized faults south of and parallel to the West End Structure. Favorable host limestones at depth remain to be drilled. Round Top, we believe, may be unique among beryllium deposits in that it occurs as high grade replacements associated with fluorite in limestone. Other known deposits are lower grade and are either hosted in igneous or metamorphic rock or occur as beryl crystals in pegmatite. Grades of these other types typically tend to be in the range of a few tenths to 0.5 percent. The presence of uranium in this deposit has long been known. Visible uranium minerals were logged in several of the Cabot drill holes. Standard Silver upon reopening the mine conducted natural gamma radiation readings. Radiation is intense in almost all parts of the mine. One mine heading with a particularly high background was sampled and yielded an assay of 1.09% uranium. Compilation of data from diverse sources, both published and unpublished, has led us to the conclusion that the overlying rhyolites are the source of the uranium and that they initially contained as much as 420 million lbs. confined to an area approximately 1.5 miles in diameter. Geologic conditions during erosion and weathering of this rhyolite body were conducive to a very large amount of this uranium being dissolved and transported by ground water to the base of the rhyolite. Carbon rich sedimentary rocks are present below the rhyolite thus creating an almost ideal environment for the development of a large, high grade uranium deposit. It was recognized by geologists working for the Texas Bureau of Economic Geology (BEG), that the rhyolite laccoliths at Sierra Blanca were of the type that is associated with a variety of rare elements. Working in conjunction with the project personnel, the BEG made a study of the rare earth and other rare element potential of the Round Top rhyolite. They analyzed a series of samples from outcrop and drill cuttings and studied the geochemistry and mineralogy of the rock. Their research resulted in the publication of Geological Society of America Special Paper 246 in 1990. The economically important conclusions of this publication, quoted below, were: -- The rhyolites are so enriched in a number of trace elements that they should be considered large-tonnage, low grade resources of several rare metals, including yttrium, heavy rare earths, niobium, tantalum, lithium and thorium. -- Many of the economically interesting trace elements occur as discrete minerals. -- The resource is vast. The Round Top laccolith contains at least 1.6 billion metric tons of rhyolite. The large volume of data, advanced development and multiple commodities offer an exciting opportunity for Standard Silver Corporation. The deposit is located within four miles of a water supply, commercial power, rail and Interstate highway access. While we are excited about the potential, there is no assurance that we will be able to commercialize the property. "Statements concerning future financial results, production, expenditures, reserve estimates, and other items are forward-looking statements. These statements are based on assumptions concerning commodity prices, drilling results and other factors management believes are reasonable based on currently available information; however, management's assumptions and the Company's future performance are both subject to a wide range of business risks, and there is no assurance that these goals and projections can or will be met." Daniel E. Gorski President 915-539-5494 DATASOURCE: Standard Silver Corporation CONTACT: Daniel E. Gorski, President of Standard Silver Corporation, +1-915-539-5494
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#206   How does this stock get this kind of Steady_T 11/14/18 10:33:06 PM
#205   weekly set up is off the charts TrendTrade2016 07/17/18 05:57:21 AM
#204   TMRC look at here go!!! TrendTrade2016 07/16/18 11:27:46 AM
#203   TMRC big move coming here!!! TrendTrade2016 07/16/18 10:25:04 AM
#202   you already took a position db, we know koolmc 07/14/18 03:04:26 PM
#201   Taking a position here on Monday. This stock TrendTrade2016 07/14/18 02:08:56 PM
#200   Looks a little stronger than support. Nice day maddog 20/20 07/13/18 04:36:44 PM
#199   I'd love to know who is supporting the Steady_T 07/05/18 03:31:29 PM
#198   Took a starter here today. maddog 20/20 07/05/18 03:26:33 PM
#197   http://theweek.com/articles/765276/how-china-win-trade-war-1-move hingfdiuh 04/06/18 03:54:05 PM
#196   http://theweek.com/articles/765276/how-china-win-trade-war-1-move hingfdiuh 04/06/18 03:53:07 PM
#195   Pretty high volume lately, glad to see we hingfdiuh 12/26/17 03:40:07 PM
#194   Ahhhh. Thanks for those posts. I missed them Steady_T 10/15/17 12:43:58 PM
#193   DOE Secretary Perry and Congressman Barletta Visit Texas hingfdiuh 10/15/17 12:15:36 PM
#192   SIERRA BLANCA, TX--(Marketwired - June 12, 2017) - hingfdiuh 10/15/17 12:09:09 PM
#191   Could you expand on those things? I am Steady_T 10/14/17 11:08:13 PM
#190   $20M Department of Energy agreement and recent visit hingfdiuh 10/14/17 03:10:16 PM
#189   TMRC drifting down. The status of the minerals Steady_T 05/08/17 01:32:06 PM
#188   SIERRA BLANCA, TX--(Marketwired - March 27, 2017) - Steady_T 04/05/17 12:48:58 PM
#187   Here is a site to keep track of Steady_T 04/05/17 12:44:23 PM
#186   I believe the company has the goods. According Steady_T 03/24/17 04:40:43 PM
#185   I have been checking in on this stock RS722938 03/24/17 12:56:31 AM
#184   Finally found something that might be related to Steady_T 03/22/17 09:46:26 PM
#183   I have looked all over the web with Steady_T 03/20/17 01:29:31 PM
#182   TMRC still in an upward trend. No info Steady_T 03/16/17 01:13:31 AM
#181   Very nice move up over the last few Steady_T 02/27/17 08:30:32 PM
#180   Last several days have seen increased volume and Steady_T 01/13/17 11:11:14 PM
#179   I know nobody posts here anymore, but I hingfdiuh 12/15/16 01:31:08 AM
#178   Is this stock ever going to see mid hingfdiuh 11/19/16 02:34:35 PM
#177   Loved this interview on 'thestockradio.com' go Tony go : hambone3 11/03/16 01:34:35 PM
#176   Man, the pps really flat-lined didn't it? hingfdiuh 10/30/16 02:09:31 PM
#175   They have no money for that hingfdiuh 10/13/16 02:20:44 AM
#174   I see that no posts have been made germanium123 10/11/16 07:23:23 PM
#173   Back in at 0.12... bit of a gamble hingfdiuh 08/15/16 03:58:44 PM
#172   Looks like I lucked out. Still not hingfdiuh 08/11/16 10:40:04 AM
#171   Large dump today by someone... approaching my buy hingfdiuh 08/03/16 04:23:44 PM
#170   Moving down again or just a dip? I'm hingfdiuh 08/02/16 12:54:07 PM
#169   Thanks for pointing that out to me. I Steady_T 07/26/16 04:07:10 PM
#168   What's your take on the PR today? http://finance.yahoo.com/news/texas-mineral- hingfdiuh 07/26/16 03:46:00 PM
#167   I got your meaning. My plan is to Steady_T 07/06/16 03:00:25 PM
#166   I mean "not sold it"! hingfdiuh 07/06/16 02:35:01 AM
#165   When up 40% on a stock I sometimes hingfdiuh 07/06/16 12:24:57 AM
#164   Wise to take profits. I hope you Steady_T 07/05/16 09:34:45 PM
#163   Sold all my 0.12 positions at 0.168 average. hingfdiuh 07/05/16 10:06:07 AM
#162   I'm also in. Steady_T 06/24/16 06:33:26 PM
#161   I'm in. WilliamNoLa 06/24/16 12:50:14 AM
#160   Bought even more today at 0.12 ... solid hingfdiuh 06/22/16 11:47:34 AM
#159   picked some up at 0.12 today. hingfdiuh 05/14/16 01:53:50 AM
#158   Texas Rare Earth Resources Corp., TRER, changed to Renee 03/18/16 04:02:37 PM
#157   As far as I know they are sticking Steady_T 12/31/15 08:35:42 PM