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$CHX | #Championx Corp Breakout Trade Setup
Alert set for potential breakout above $10.00, with a
upside target to the Fibonacci Golden pocket @ $12.00.
MACD bullish cross and 50ma reclaimed as support.
Current resistance is the Point of Control which when
broken opens up the chart to sustained rally.
Just posted the news nothing more/I have no position in CHX
RR,
I thought you had given up on Cash due to the poor drilling results over the last couple of years, but apparently not since you've gone to the trouble of posting their latest results. Does this mean you think they have a good chance of hitting something worthwhile any time soon?
Cash Minerals Releases Additional Assay Results From Igor Uranium Property, Yukon Territory and Extends Mineralized Zone to the North
09:00 EDT Monday, April 21, 2008
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2008) - Cash Minerals Ltd. (TSX VENTURE:CHX) today announced remaining drill results from the 2007 exploration program at the Igor iron-oxide copper-gold-uranium (IOCG-U) property, located in the Wernecke Uranium District, Yukon. Cash Minerals has elected to earn a 75% interest in the Igor property and is required to produce a bankable feasibility study by December 31, 2012. Work on the Igor property is performed under the terms of a joint-venture agreement with Mega Uranium Ltd. (TSX:MGA). Cash Minerals will be the operator for the 2008 exploration program.
Significant intersections from the most recent results at the Igor property include the following:
--------------------------------------------------------------------
Hole From (m) To (m) Metres U3O8 (%) Cu (%) Ag (g/t) Au (g/t)
--------------------------------------------------------------------
IG-2007-26 17.00 21.40 4.40 0.132 7.24 6.79 0.21
--------------------------------------------------------------------
199.00 213.50 14.50 0.013 0.79 - 0.05
--------------------------------------------------------------------
including 205.50 209.50 4.00 0.045 2.53 2.17 0.14
--------------------------------------------------------------------
IG-2007-24 145.00 151.00 6.00 0.047 - 2.05 0.05
--------------------------------------------------------------------
"The latest drill hole assays from the 2007 exploration program continue to demonstrate the potential of the Igor property to host a copper-uranium resource," commented Basil Botha, President and Chief Executive Officer of Cash Minerals Ltd. "We expect to release an initial resource number for Igor in the coming months, which we anticipate will confirm this potential."
Igor Property Moves Toward Resource Definition
Hole 26 was drilled on an azimuth of 050 degrees and a dip of -60 degrees and was drilled from the same collar location as Hole 22 (details in January 23, 2008 press release). The intercept extends the known mineralized zone to the north of the intercept in Hole 22 by approximately 100 metres. Gravity and magnetic data suggests that the mineralized body extends further to the north and a ground EM (electromagnetic) survey is planned for early summer to aid in tracing the high-grade copper core of the zone. Drill testing this 600-metre mineralized zone to the north, as well as the southwest, will be the focus for drilling in 2008.
Highlights from results released earlier this year included 140 metres of 0.042% U3O8 (uranium oxide) and 0.76% copper (Cu) from surface, including 7 metres of 0.417% U3O8 and 7.37% Cu. A total of 9,042 metres, 31 holes, was completed at Igor in 2007. Mineralization at Igor is similar in style to the iron-oxide copper-gold-uranium mineralization at the Olympic Dam (Gawler Craton) and Ernest Henry (Mt Isa Inlier) deposits in Australia.
Selected drill hole assays are as follows:
--------------------------------------------------------------------
Hole From (m) To (m) Metres U3O8 (%) Cu (%) Ag (g/t) Au (g/t)
--------------------------------------------------------------------
IG-2007-26 17.00 21.40 4.40 0.132 7.24 6.79 0.21
--------------------------------------------------------------------
56.00 68.00 12.00(1) - 0.38 - 0.05
--------------------------------------------------------------------
including 57.00 60.00 3.00(2) - 0.95 1.16 0.10
--------------------------------------------------------------------
81.50 83.50 2.00 - 0.77 - 0.06
--------------------------------------------------------------------
107.00 132.50 25.50 - 0.37 1.15 0.05
--------------------------------------------------------------------
including 116.50 121.50 5.00(3) - 0.98 2.01 0.09
--------------------------------------------------------------------
153.00 159.00 6.00 - 0.33 1.01 0.06
--------------------------------------------------------------------
193.00 194.50 1.50 0.030 - - -
--------------------------------------------------------------------
199.00 213.50 14.50 0.013 0.79 - 0.05
--------------------------------------------------------------------
including 205.50 209.50 4.00 0.045 2.53 2.17 0.14
--------------------------------------------------------------------
289.00 299.00 10.00 - 0.45 - -
--------------------------------------------------------------------
358.00 380.00 22.00 - 0.41 - 0.05
--------------------------------------------------------------------
including 374.00 379.50 5.50(4) - 1.08 1.08 0.13
--------------------------------------------------------------------
IG-2007-24 145.00 151.00 6.00(5) 0.047 - 2.05 0.05
--------------------------------------------------------------------
IG-2007-27 70.00 76.50 6.50 - 0.33 - -
--------------------------------------------------------------------
IG-2007-28 89.50 93.00 3.50 - 0.44 - -
--------------------------------------------------------------------
186.50 211.00 24.50 - 0.23 - -
--------------------------------------------------------------------
252.00 255.00 3.00 - 0.42 - -
--------------------------------------------------------------------
IG-2007-29 204.50 216.00 11.50 0.007 0.20 - -
--------------------------------------------------------------------
1. Includes 0.034% cobalt
2. Includes 0.047% cobalt
3. Includes 0.040% cobalt
4. Includes 0.038% cobalt
5. Includes 0.078% cobalt
Minimum values shown are: Cu 0.20%; U3O8 0.006%; Ag 1 g/t;
Au 0.05 g/t; Co 0.030%
Note that true width intervals are as yet unconstrained
"The main objective of the 2008 exploration program is to determine the northern extent of the mineralized zone at Igor," stated Mr. Botha. "The drill hole data from this year will be used to expand and enhance the resource number."
Samples were prepared and analyzed by ALS Chemex, Vancouver. Samples are crushed, pulverized and digested in a four-acid solution and all elements, but gold were analyzed by ICP methods. Gold was analyzed by Fire Assay and ICP-AES.
Exploration in the Wernecke Uranium District is being conducted under the supervision of Mr. Christopher K. Hutchings, P. Geo., who is the qualified person as specified in National Instrument 43-101 for technical disclosure. Mr. Hutchings, President of Kiex Consulting Limited, a professional geoscience consulting company, has reviewed and approved the technical information contained in this news release.
About Cash Minerals
Cash Minerals is a Canadian-based resource company focused on uranium exploration coal and alternative fuels (synfuels). Under an agreement with joint venture partner Mega Uranium Ltd., Cash Minerals can maintain a 75% working interest in the highly prospective Igor property, located in the Wernecke Uranium District, Yukon, by completing a bankable feasibility study on the Igor property by December 31, 2012. Wernecke Uranium properties include numerous iron-oxide copper-gold-uranium (IOCG-U) and structurally-controlled hydrothermal uranium targets.
Forward-Looking Statement
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to Cash Minerals Ltd., please refer to the Company's 2006 Annual Report filed with SEDAR on April 30, 2007.
Should you wish to receive Company news via email, please email info@cashminerals.com and specify "CHX News" in the subject line.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cash Minerals Ltd.
Basil Botha
President and CEO
(604) 633-9942
Email: bbotha@cashminerals.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
© Copyright CCNMatthews
Ya that's the golden rule.
Kinda looks like they aren't going to mine sweet tweet
But then there is no mine
So I guess they aren't going to mine any coal?
Shelved it I think
Did they ever put out that coal report?
Trading for a quarter and 110M shares.......about time for a rollback?
Its alive!
What's up here?
40 cent close?
400k volume?
Cash, Mega Uranium drill 0.042% U3O8 over 140 m at Igor
2008-01-23 06:41 MT - News Release
Also News Release (C-MGA) Mega Uranium Ltd
Mr. Basil Botha of Cash Minerals reports
CASH MINERALS INTERSECTS 140 METRES OF 0.042% U3O8 AND 0.76% COPPER AT SURFACE IN IGOR URANIUM PROPERTY
Cash Minerals Ltd. and joint venture partner Mega Uranium Ltd. have released additional drill results from the 2007 exploration program at the Igor iron-oxide copper-gold-uranium (IOCG-U) property, located in the Wernecke uranium district, Yukon. The 2007 drill program produced the most significant intersections on the Igor property to date, including the following highlights:
* Hole IG07-22 -- 140 metres of 0.042 per cent U3O8, 0.76 per cent Cu and 0.05 gram per tonne gold (Au), including seven metres of 0.417 per cent U3O8, 7.37 per cent Cu and 0.33 g/t Au;
* Hole IG07-06 -- 64.7 metres of 0.090 per cent U3O8, 1.18 per cent Cu and 2.25 g/t silver (Ag)(i);
* Hole IG07-12 -- 50 metres of 0.026 per cent U3O8 and 0.54 per cent Cu, including 6.9 metres of 0.152 per cent U3O8, 2.31 per cent Cu, 0.05 g/t Au.
(i) Intersection includes previously released results in Stockwatch Sept. 19, 2007, and Oct. 24, 2007.
Positive 2007 drilling results have confirmed the following:
* Mineralization at surface;
* Mineralization open to the north and at depth;
* Potential for an economic resource (resource estimate expected in second quarter 2008);
* Olympic-Dam style IOCG-U mineralization.
SIGNIFICANT IGOR RESULTS FOR 2007 SEASON TO DATE
(excluding results already released)
Hole ID From (m) To (m) Metres Cu (%) Ag (ppm) U3O8 (%) Au (g/t)
IG-2007-22 10.00 150.00 140.00 0.76 - 0.042 0.05
including 10.00 17.00 7.00 7.37 6.65 0.417 0.33
139.00 150.00 11.00 1.79 2.17 0.234 0.09
and 156.5 163.5 7.00 0.17 - - -
IG-2007-06(1) 96.30 161.00 64.70 1.18 2.25 0.090 -
and 62.80 66.80 4.00 0.22 - - -
IG-2007-12 5.00 55.00 50.00 0.54 - 0.026 -
including 45.20 52.10 6.90 2.31 4.83 0.152 0.05
and 120.40 133.00 12.60 0.30 - - -
IG-2007-21 164.50 234.50 70.00 0.55 - 0.007 -
including 196.00 234.50 38.50 0.93 - 0.013 0.06
200.00 207.50 7.50 2.45 1.33 0.037 0.15
IG-2007-09 7.00 19.50 12.50 0.74 1.44 - 0.11
including 7.00 14.50 7.50 1.18 2.03 - 0.16
and 76.00 81.00 5.00 0.39 - 0.009 -
and 114.00 118.00 4.00 0.21 - - -
IG-2007-15 6.50 29.00 22.50 0.85 - 0.016 -
including 6.50 8.50 2.00 7.05 4.53 0.148 0.23
and 46.50 52.00 5.50 0.56 1.39 0.011 -
IG-2007-05 6.00 24.50 18.50 0.90 5.74 0.011 0.15
including 6.00 9.50 3.50 4.01 4.75 0.050 0.50
and 34.00 40.00 6.00 0.20 - - -
and 93.00 97.00 4.00 0.32 - - -
and 114.10 117.50 3.40 0.52 1.04 - -
IG-2007-20(a) 22.00 76.00 54.00 0.14 1.96 0.020 -
including(b) 27.50 33.50 6.00 0.13 3.01 0.088 0.05
including(c) 46.00 56.50 10.50 0.05 1.15 0.023 -
including(d) 61.50 74.00 12.50 0.41 3.32 0.015 0.06
IG-2007-17(e) 29.50 34.00 4.50 0.14 2.95 0.076 0.06
and 53.00 58.00 5.00 0.03 1.68 0.053 -
IG-2007-04 72.50 77.00 4.50 0.40 1.12 - -
and 187.00 208.00 21.00 0.18 - - -
including 188.50 191.50 3.00 0.50 - - -
and 201.50 208.00 6.50 0.22 - - -
and 274.00 283.50 9.50 0.17 1.52 - 0.05
IG-2007-07 201.00 205.00 4.00 0.01 - 0.012 -
and 226.00 237.00 11.00 0.35 - - -
IG-2007-10 192.20 199.70 7.50 0.17 - 0.027 0.31
including 192.20 194.20 2.00 0.61 2.71 0.050 0.33
IG-2007-11 80.90 84.90 4.00 0.46 - - 0.05
and 117.60 125.00 7.40 0.85 2.18 0.006 -
and 130.00 133.00 3.00 3.00 2.57 - 0.07
and 236.90 253.00 16.10 0.12 - - -
IG-2007-16 124.50 140.00 15.50 0.21 - - -
and 182.50 203.00 20.50 0.18 - - -
maybe Doug Casey?
Energy Speculator refreshes Cash Minerals buy
2007-12-24 10:33 MT - In the News
The Energy Speculator in its Dec. 17, 2007, issue, refreshes its buy of Cash Minerals Ltd. at 32 cents. The newsletter or predecessor International Speculator said buy three times between Jan. 2, 2004, and Oct. 15, 2007, at prices ranging from 23.5 cents and 62 cents. An investment of $1,000 for each of the three buys is worth $2,867. The Speculator's writer checks over the press releases and notes a statement disclosing litigation with Archer Cathro, a Yukon mineral consultant. Archer claims $395,000 plus interest for work it claims to have done for the company. The writer phoned Cash president Basil Botha to get the company's side of the story. The Speculator quotes Mr. Botha as saying, "The onus is on Arch Cather to prove his claim and we will defend." The writer figures that with both sides firm in their positions, the matter will wind up in court. That may be the only fly in the Cash ointment. Besides the lawsuit, everything is going well for the explorer. The writer figures the company has interesting projects and that it is a great buy at these prices. Expect lots of results in 2008, he adds.
Cash Minerals Ltd (C-CHX) - In the News
Energy Speculator refreshes Cash Minerals buy
2007-12-24 10:33 MT - In the News
Shares issued 109,059,269
CHX Close 2007-12-21 C$ 0.45
The Energy Speculator in its Dec. 17, 2007, issue, refreshes its buy of Cash Minerals Ltd. at 32 cents. The newsletter or predecessor International Speculator said buy three times between Jan. 2, 2004, and Oct. 15, 2007, at prices ranging from 23.5 cents and 62 cents. An investment of $1,000 for each of the three buys is worth $2,867. The Speculator's writer checks over the press releases and notes a statement disclosing litigation with Archer Cathro, a Yukon mineral consultant. Archer claims $395,000 plus interest for work it claims to have done for the company. The writer phoned Cash president Basil Botha to get the company's side of the story. The Speculator quotes Mr. Botha as saying, "The onus is on Arch Cather to prove his claim and we will defend." The writer figures that with both sides firm in their positions, the matter will wind up in court. That may be the only fly in the Cash ointment. Besides the lawsuit, everything is going well for the explorer. The writer figures the company has interesting projects and that it is a great buy at these prices. Expect lots of results in 2008, he adds.
No kidding - a double
Who would have thought CHX would be one of the stars of the month?
A million served, up 25%
This is almost breakout status
Nostalgia. I've been in the yukon alpine in spring,
waited for mountain sheep to cross the road on the way up to the adit...
Could this be the first potash discovery in the Yukon?
What's with the freaking flowers?
Cash Minerals sued for unpaid $395,000 bill
2007-12-04 13:55 MT - Street Wire
by Mike Caswell
Vancouver mineral consultant Archer, Cathro & Associates is suing Cash Minerals Ltd. over an unpaid $395,000 bill.
In a statement of claim filed in B.C. Supreme Court on Nov. 23, Archer Cathro says it performed consulting and geological services on three of Cash Minerals' properties from July, 2006, to April, 2007, but nobody paid for the work.
Most of the disputed amount stems from work on the Yukon uranium project, where Cash Minerals has drilled over 18,000 metres this year.
Last April, Cash Minerals optioned the ground from Twenty-Seven Capital Corp. (now part of Mega Uranium Ltd.). The terms called for Cash Minerals to spend $3.4-million on exploration, but Twenty-Seven Capital would remain operator.
According to the brief lawsuit, Cash Minerals authorized Twenty-Seven to hire Archer, Cathro to carry out some of that work, which it did. Cash Minerals paid the bills until June, 2006, without any problems.
Since then, Cash Minerals has refused or neglected to pay any invoices, says the statement of claim. In spite of that, Archer, Cathro says it kept performing work and sending bills until April, 2007.
Despite demands, Archer, Cathro says Cash Minerals has refused or neglected to pay the outstanding charges. In addition to the Yukon ground, Archer, Cathro is claiming amounts owing for work on the Division Mountain coal property and the Silverquest property.
Archer, Cathro is seeking a $395,000 judgment, plus interest and costs. It has not proven its allegations in court and Cash Minerals has not yet answered them. The lawsuit was filed on Archer, Cathro's behalf by Jack Webster of Webster, Hudson & Akerly LLP.
Cash Minerals closed at 38.5 cents on Monday, up half a cent.
Cash Minerals Ltd (C-CHX) - News Release
Cash Minerals, Mega Uranium drill 4.5 m of 0.993% U3O8
2007-10-24 07:57 MT - News Release
Shares issued 108,592,469
CHX Close 2007-10-23 C$ 0.66
Also News Release (C-MGA) Mega Uranium Ltd
Mr. Basil Botha of Cash Minerals reports
CASH MINERALS ANNOUNCES ADDITIONAL DRILL RESULTS FROM IGOR PROPERTY INTERSECTING 0.993% U3O8 AND 2.7% COPPER OVER 4.5 METRES
Cash Minerals Ltd. and joint venture partner Mega Uranium Ltd. have received additional drill results from Igor, an iron-oxide copper-gold-uranium property located in the Wernecke uranium district, Yukon. New results include 0.993 per cent U3O8, 2.70 per cent copper, 0.07 gram per tonne gold and 5.7 g/t silver over 4.5 metres. On-ground exploration in the 2007 season has also identified that numerous new properties, staked in the 2006 season, exhibit highly anomalous uranium and polymetallic mineralization. The most prospective new properties will be tested by diamond drilling in 2008.
Highlights from 2007 initial drill results at Igor and Lumina also include 22.25 metres at 0.055 per cent U3O8, 2.82 per cent Cu, 5.2 g/t silver (Ag) and 0.03 g/t gold (Au); and 1.5 metres of 0.14 per cent U3O8, 0.035 per cent molybdenum (Mo) and 0.08 g/t Au, respectively. These intervals are augmented by the newly presented results.
"The findings from the 2007 program reaffirm management's belief that the Igor and Lumina properties, both located in the highly prospective Wernecke uranium district, have the potential to host Olympic Dam- and polymetallic (copper, gold and uranium)-style deposits," commented Basil Botha, president and chief executive officer of Cash Minerals.
The 2007 drill program strategy was to employ an integrated and systematic approach to reaching the company's objective of defining a resource at one or more Wernecke properties. This strategy aims to expand recently discovered mineralized zones by determining continuity and orientation of IOCG-U and polymetallic mineralization, as well as exploring the remaining, untested mineralized and altered zones within the Igor and Lumina properties. Recent drill results released (see news reported in Stockwatch Sept. 19, 2007) demonstrate the success this approach has yielded.
Igor and Lumina
Three drill rigs were allocated to the Igor property during the 2007 exploration program. Approximately 8,000 metres of drilling has been completed at Igor to date. Initial results from Igor show appreciable uranium and copper mineralization close to surface and extend the area of known mineralization. The last phase of the program at Igor will test the buried gravimetric anomaly identified in 2006, as well as attempt to extend the extent of known mineralization to the north; mineralization is open to the north and south, as well as to depth. These data will provide a greater insight into the distribution and continuity of uranium-copper mineralization at Igor, which will enable more productive exploration on the property and elsewhere in the Werneckes.
Drilling on the Lumina property has concluded for 2007, with more than 4,000 metres drilled this year. Drill results, released earlier this year from the 2007 exploration program, prove the continuity of uranium mineralization and extend the known subsurface distribution of uranium confirming that mineralization continues to the south of the Jack Flash showing. Additionally, on-ground fieldwork shows that uranium mineralization also crops out along the same structure to the north of the Jack Flash showing. Moreover, the geological understanding of the Lumina property has evolved due to drilling and on-ground exploration conducted this year, which indicates that uranium is manifest as polymetallic U-Mo-Au mineralization.
SUMMARY DRILL HOLE RESULTS
FROM PRELIMINARY ANALYSIS FROM THE IGOR PROPERTY
Hole From To Interval U3O8 Cu Au Ag
name (m) (m) (m) (%) (%) g/t g/t
IGOR
IG-06 96.30 101.80 4.50 0.993 2.70 0.07 5.7
IG-10 137.30 138.30 1.00 0.053 - 0.01 0.7
192.20 199.70 7.50 0.027 0.17 0.31 1.0
includes 192.20 194.20 2.00 0.050 0.61 0.33 2.7
IG-11 80.90 84.90 4.00 - 0.46 0.05 3.0
117.60 125.00 7.40 - 0.85 0.04 2.2
130.00 133.00 3.00 - 3.00 0.07 2.6
THE GEOCHEMICAL COMPOSITION
OF SELECTED SURFACE ROCK SAMPLES
FROM THE VIC, LUMINA AND NAD PROPERTIES
IN THE WERNECKE URANIUM DISTRICT
Sample U3O8 Cu Mo Au Ag Wt
No. % % g/t g/t g/t kg
Vic property
2571 6.716 0.13 0.002 0.01 4.2 0.56
2573 6.856 0.01 0.002 0.00 0.9 2.40
2574 2.878 0.05 0.002 0.03 12.4 1.40
2575 1.392 0.06 0.003 0.02 4.8 1.16
2576 0.125 0.03 0.002 0.02 0.5 1.43
2227 0.001 0.85 0.002 0.03 6.6 2.04
2228 0.113 0.44 0.151 1.43 8.9 0.84
2280 0.071 0.02 0.007 0.50 1.4 1.28
2311 0.303 0.02 0.398 4.46 9.6 1.44
2352 0.025 0.51 0.011 0.49 1.3 1.24
2353 0.117 0.21 0.018 0.03 3.0 1.48
2354 0.036 0.04 0.060 0.04 2.4 1.08
2276 0.002 6.13 0.001 0.72 4.6 1.10
2277 0.002 3.81 0.007 0.05 4.3 1.34
2355 0.026 0.10 0.007 0.01 1.5 2.54
2263 0.002 0.43 0.002 0.12 1.3 1.12
2270 0.004 0.98 0.001 0.01 1.3 0.82
2271 0.000 0.35 0.000 0.03 8.8 0.90
2278 0.000 0.67 0.006 0.26 2.0 0.94
2279 0.002 0.32 0.002 0.01 0.8 1.70
Lumina property, Flash Gordon
1127 0.228 0.27 0.001 0.045 1.3 2.08
1128 0.107 0.37 0.000 0.026 0.5 1.42
1129 0.220 0.42 0.000 0.010 0.8 0.80
1130 0.010 0.04 0.000 0.003 0.1 1.90
1131 0.094 0.44 0.000 0.009 0.5 1.37
1132 0.046 0.02 0.000 0.006 0.1 1.50
1133 0.028 0.00 0.000 0.001 0.0 2.89
NAD property
2324 0.150 0.00 0.001 0.036 0.8 1.10
2325 0.200 0.00 0.000 0.021 0.0 1.88
2327 0.064 0.00 0.001 0.038 0.4 2.75
Cash looks ready for a little go here
Time for the news flow to fire up
Cash intersects 22 m of 0.055 % U3O8 and 2.8% Cu
Cash Minerals Ltd (C:CHX)
Shares Issued 80,578,011
Last Close 9/18/2007 $0.84
Wednesday September 19 2007 - News Release
Mr. Basil Botha reports
CASH MINERALS INTERSECTS 0.055% U3O8 AND 2.82% COPPER OVER 22.25 METRES IN FIRST PHASE OF DRILLING AT IGOR URANIUM PROPERTY
Cash Minerals Ltd. and joint venture partner Mega Uranium Ltd. (TSX: MGA) have released their results from the first phase of drilling at the Igor and Lumina properties. Advanced exploration in the Wernecke uranium district builds on past exploration success by once again producing notable results as shown by intersections yielded in the first phase of drilling.
Highlights from recent drilling at Igor and Lumina include:
At Igor: 22.25 metres at 0.055 per cent uranium oxide (U3O8), 2.82 per cent copper (Cu), 5.2 grams per tonne silver (Ag) and 0.03 g/t gold (Au);
At Lumina: 1.5 metres of 0.14 per cent U3O8, 0.035 per cent molybdenum (Mo) and 0.08 g/t Au; as well as 40.1 metres of 0.014 per cent uranium (U), 0.047 per cent Mo and 0.31 g/t Au.
Igor and Lumina, known as iron-oxide, copper-gold-uranium (IOCG-U) and U-Mo-Au targets, respectively, are both located in Canada's mineral-rich Wernecke uranium district, Yukon Territory. A total of 16,000 metres has been diamond drilled in 2007, with up to six drill rigs operating concurrently on a number of the Yukon properties. The focus for drilling in 2007 has been the Igor and Lumina properties. Exploration on other Wernecke properties is engaged in testing other areas to identify targets for this year and 2008 drilling.
"Management is extremely pleased with results from the first phase of drilling, which continues to show the potential of a world-class IOCG target, similar to that of Australia's Olympic Dam mine," commented Basil Botha, president and chief executive officer. "Our plan this year was to use a systematic approach to exploration, which would support us in reaching our objective of defining a resource. Today's results clearly validate our approach where we are continuing to extend the distribution of known uranium mineralization, in addition to creating additional project value through new mineral discoveries, such as the polymetallic U-Mo-Au mineralization shown in the 2007 drilling data at Lumina."
Igor property continues to deliver
At Igor, IOCG-U mineralization crops out and is open at depth. Uranium-copper mineralization is largely coincident with masses of magnetite, hematite, barite and pyrite within dilatant veins and breccias, interpreted to have formed over a long period of geological time.
Drilling at Igor began in June, 2007, and initial results show intersections with appreciable uranium and copper mineralization, which include 22.25 m at 0.055 per cent U3O8, 2.82 per cent Cu, 5.2 g/t Ag and 0.03 g/t Au; 9.5 m at 1.68 per cent Cu, 0.24 g/t Au; and 3.0 g/t Ag; and 3.6 m at 0.125 per cent U3O8 (see first table).
The objective of the 2007 drill program at Igor aims to define a resource by testing existing areas with known uranium and copper mineralization, as well as examining the potential for IOCG-U mineralization at depth, which would comprise testing the annulus-shaped subsurface geophysical anomaly identified in 2006. Initial drilling conducted this year has yielded intersections of U-Cu-Au-Ag mineralization comparatively close to the surface, with the source of the anomaly currently being tested. Drilling will continue at Igor until the end of October weather conditions permitting, with three drills allocated to the property.
SUMMARY DRILL HOLE RESULTS FROM PRELIMINARY
ANALYSIS FROM THE IGOR PROPERTY
Hole From To Interval U3O8 Cu Au Ag
name (m) (m) (m) (%) (%) (g/t) (g/t)
Igor
IG-06 138.75 161.00 22.25 0.055 2.82 0.03 5.2
IG-02 6.00 15.5 9.50 - 1.68 0.24 3.0
includes 9.00 12.0 3.00 - 3.01 0.39 4.4
and 110.20 119.4 9.25 - 0.60 0.05 1.0
includes 110.15 111.90 1.75 - 2.01 0.16 2.4
IG-03 186.2 191.7 5.50 0.037 - 0.03 1.6
includes 190.7 191.7 1.00 0.099 - 0.01 0.6
and 223.0 226.6 3.60 0.125 - - 2.2
includes 225.0 225.6 0.60 0.310 - - 1.8
SUMMARY DRILL HOLE RESULTS FROM PRELIMINARY
ANALYSIS FROM THE LUMINA PROPERTY
Hole From To Interval U3O8 Mo Au Ag
name (m) (m) (m) (%) (%) (g/t) (g/t)
Lumina
LU-20 124.05 153.45 29.4 0.026 0.034 0.23 0.9
includes 127.05 130.95 3.9 0.053 0.115 0.89 3.1
LU-21 78.10 98.10 20.0 0.031 0.022 0.04 0.5
includes 78.10 85.55 7.5 0.048 0.017 0.05 0.5
LU-23 52.0 65.5 13.5 0.043 0.008 0.03 0.6
includes 64.0 65.5 1.5 0.139 0.035 0.08 1.9
and 79.0 81.0 2.0 0.033 0.084 1.09 3.2
LU-27 96.7 136.8 40.1 0.014 0.047 0.31 1.3
includes 96.7 106.8 10.1 0.025 0.065 0.22 1.9
includes 125.3 131.3 6.0 0.015 0.062 0.88 1.4
Yes the spot price got way ahead of itself. Glad it corrected, gave me another opportunity to get back into some of my favorites. Sold a little too soon last time around but I'm not complaining. The spot price correction in combination with the Hedge funds having to dump holdings to cover their bad real-estate investments seemed like an bonus.
I take the opinion of professionals with a grain of salt. Seems like most have some sort of an agenda. Good companies with proven diversified reserves will be making money @ $50.- $80. spot. Never have owned CHX, but I'am up an average of 18% on my buys last month. Would not surprise me if they go up an average of another 50% over the next few months.
GLTY
Heard an interview with one of the Coffins on the weekend.
As I remember his view on the u stocks were there were too many and the spot price wasn't going up in the near future.
If you had to have u stocks buy the ones with news flow expected.
He wasn't too optimistic was what I took out of it.
I fell in love with this thing-should have been out two years ago.
Live and learn.......at least I am living.
JW
Anyone have any opinions that Uranium stocks have finally seen a bottom of this consolidation cycle? I'm thinking a bottom or close to a bottom and put my money where my mouth is yesterday and today. No worries if it slides some more, the world can't burn other metals to make clean electricity at this time. Rate cut by US Fed was nice.........
"Rescheduling “would not be necessary for all sports,” Mr Rogge said. “But definitely the endurance sports like the cycling race, where you have to compete for six hours; these are examples of competitions that might be postponed or delayed to another day.”"
http://www.asianews.it/index.php?l=en&art=10041&size=A
http://www.cnn.com/2007/WORLD/asiapcf/08/08/olympics.beijing.reut/index.html?eref=rss_topstories
Yep...it's been ugly. As of 2:00pm today I'm a buyer again, doubling up on some of my junior positions. Been waiting all summer and think it's time with all the compounding negative news. Time will tell...
Potash biggest drag on TSX
Thursday, August 16, 2007
Heading into the afternoon session on the TSX Thursday, these stocks are having the most influence on the composite index’s 557-point drop or 4.27 per cent.
Potash Corp. of Saskatchewan Inc., down $8.39 to $77.81.
EnCana Corp., down $2.71 to $59.54.
Barrick Gold Corp., down $2.34 to $31.91.
Research In Motion Ltd., down $4.23 to $66.96.
Manulife Financial Inc., down $1.26 to $37.54.
On the flip-side, buoying the composite index is:
Canadian Imperial Bank of Commerce, up 66 cents to $87.66
TransAlta Power LP, up 17 cents to $7.12.
Kingsway Financial Services Inc., up 22 cents to $19.01.
Pason Systems Inc., up 19 cents to $15.49.
Transcontinental Inc., up 13 cents to $19.18.
© Copyright The Globe and Mail
lol
you are just a barrel of monkeys this morning
chx not worth a hill of beans in these markets as juniors getting creamed
2M cross at 70 cents
FWIW
wow hit .63 cents today
Pretty obivious what the market thinks of this deal for CHX.
Crummy for current CHX bagholders.
At least I got down to 20k before this meltdown started-lol
Cash Minerals Ltd (C-CHX) - Acquisition
Cash agreement to acquire Signet Minerals
2007-08-14 18:05 ET - Acquisition
Shares issued 80,578,011
CHX Close 2007-08-13 C$ 0.80
Also Acquisition (C-SGN) Signet Minerals Inc
The TSX Venture Exchange has accepted for filing an arrangement agreement dated June 12, 2007, between Cash Minerals Ltd., Signet Minerals Inc. and Troymet Exploration Corp., whereby Cash Minerals has acquired all of the outstanding common shares of Signet and spun out the non-uranium assets of Signet to Troymet.
In connection with the arrangement, Signet shareholders will receive one unit of Cash for each Signet common share held. Each unit consists of 0.67 common share and one-half common share purchase warrant. Each whole common share purchase warrant is exercisable into one common share at $1.75 for a three-year period. In addition, Signet shareholders will also receive 0.25 common share of Troymet for each Signet common share held.
As a result of the arrangement, approximately 27,549,355 Cash shares, 20,559,220 Cash warrants and 10,279,610 Troymet shares will be issued for the 41,118,440 Signet shares issued and outstanding. Outstanding Signet warrants will be exercisable into Cash common shares and warrants and Troymet common shares in lieu of one common share of Signet on the same terms and conditions as the original warrant after taking into consideration the above exchange ratios.
Pursuant to the arrangement, Signet has become a wholly-owned subsidiary of Cash.
For further information please refer to the company's information circular dated July 10, 2007, and the company's news releases dated April 25, 2007, June 14, 2007, and Aug. 7, 2007.
Van Sun hypes Fronteer's Olympic Dam-in-Yukon quest
2007-07-23 09:07 ET - In the News
The Vancouver Sun reports in its Saturday edition western North America may have once been joined to Australia, a hypothesis that Fronteer Development is banking on to help it find riches in the Yukon. The Sun's Fiona Anderson writes the theory is that if Australia and the Yukon were once joined, the two areas would share geology. Australia boasts the Olympic Dam mine, a multimineral orebody that includes the world's largest uranium deposit and fourth-largest copper deposit. Fronteer is spending $6-million in the Yukon this year looking for the Canadian equivalent. The theory has academic backing. Derek Thorkelson, chair of Earth sciences at Simon Fraser University, is researching whether the continents were joined and is finding "a very strong connection." Mineralization in Yukon's Wernecke district is "virtually identical to the mineralization at the Olympic Dam mine in southeast Australia," Mr. Thorkelson said. The most important thing is the age of the rocks, and the Wernecke Mountains and the Olympic Dam mineral deposit are both about 1.6 billion years old, he said. The link to Australia "does add a lot of potential to exploration efforts which are going into similar rocks in the Yukon," he said.
ball fetcher in the ponds
Too lazy need cart and drinks lol
Young fella like you?
What's up with dat?
Wonder what was up today anyway?
Casey give another nod?
powered golf cart i can't walk
ya and velcro gloves improve your grip lol
BAAAAAAAAAAA!
TAAAAAAAAAAAACKLER
i got a pair of rubber boots for you for here
I really need new golf shoes
ya chopper only 1000 buks per hour
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