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WATCHMEN - Boneyard Tree
WATCHMEN - Stereo
Neorhinos promise weekly orgasms, marijuana for all
By Alexander Panetta, The Canadian Press
OTTAWA - Talk about a party platform.
The Rhinos are back and they're hoping to lure voters with the tantalizing promise of weekly orgasms - and marijuana in every pot. The Neorhino party promises to declare Spanish as Canada's official language and pass legislation forcing Prime Minister Stephen Harper to go on a diet.
They're proud of smoking pot, they draw their political inspiration from cigar-chomping comics and rock legends, and they want to get elected so they can stick it to "The Man."
The new party - officially called neorhino.ca - is one of at least two groups claiming to be a reincarnation of the defunct Rhinocerous party that specialized in political satire.
Like the old Rhinos, the party has no clear political ideology except for two deep beliefs: something's seriously wrong with the state of modern politics, and Canadian public discourse could use a lot more fun.
"We are a Marxist-Lennonist party - based on the philosophy of Groucho Marx and John Lennon," said party president Francois Gourd.
He calls himself "Yo" Gourd, which in French sounds just like "yogurt." He strode to the podium in the news-conference room near the House of Commons on Thursday sporting a cloth rhinoceros horn on his head.
The original Rhinos were founded in 1963 by Quebec author Jacques Ferron, and reached the pinnacle of their success in the 1980 election where they received 110,000 votes - or 1.01 per cent of the popular vote.
They never won a seat and stopped running election candidates in 1993 after an election reform law that stripped the party of its registered party status.
Gourd recently ran in Quebec's Outremont byelection and finished sixth with just 145 votes.
The party claims to have 600 members in 30 ridings - 20 of them in Quebec.
Among its other campaign planks: Replace soldiers' weapons with paintball guns; Create a national gas-barbecue registry; and replace the Defence Department with a Ministry of Laughter.
Beneath the thick veneer of gags, the party raises a serious point: people are so disenchanted with politics that almost 40 per cent of Canadians no longer bother voting in federal elections.
That, for the Neorhinos, produces a tantalizing bit of electoral math. If every single one of those non-voters were to cast a ballot for them, they could statistically hope to win a majority government.
And then: "We're gonna put The Man under the blanket for a while," Gourd says.
The Neorhinos admit some respect for the established political parties - including the NDP and the Greens. They say it's hard to like Liberals, and dismiss Conservatives as proponents of the politics of fear.
For example, they are no fan of the Tories' war on drugs.
"We are for the Marijuana party of Canada - and we inhale. And we enjoy it," Gourd said. "I am an illegal person. I have been smoking dope for 30 years."
They poked fun at the prime minister for saying recently that he struggles to explain the drug references in Beatles lyrics to his son, Ben. To them, it offers further proof of how dull politicians are.
But they want in.
"We're just joining the herd of the stupid, the idiots and the nuts," Gourd said. "When you have to explain Beatles songs to your children, something is strange."
LOL
Glad we got Roy...
it's unthinkable that the various DRC exploration concessions ... are anything but proper...
Similar positive comments can be articulated for First Quantum (FM.TO, C$93.95),
the most experienced listed miner on the adjoining DRC and Zambia copper belts.
For sale: bankrupt copper mine, has new bulldozer
Tue Oct 30, 8:26 PM
BOR, Serbia (Reuters) - Once a socialist success story, Serbia's bankrupt copper mine is now hoping surging copper prices can attract a new owner with cash to reverse the fortunes of the sprawling complex and dusty town beyond.
By Ivana Sekularac
BOR, Serbia (Reuters) - Once a socialist success story, Serbia's bankrupt copper mine is now hoping surging copper prices can attract a new owner with cash to reverse the fortunes of the sprawling complex and dusty town beyond.
In Yugoslav times, RTB Bor had 20,000 employees and sold copper to East and West. But isolation in the war-torn 1990s and zero investment since brought the firm to its knees, burdened with $500 million debts and sky-high production costs.
Despite the boom in copper prices, currently around $7,800 a tonne and five times higher than 2003 levels, RTB is losing $45 million annually.
In the second privatization attempt this year, Serbia has set the minimum price for two surface mines, one underground mine and the smelting and refining unit at $340 million.
"We are a thinking of ourselves as a bride, looking for a groom," said Branislav Mihajlovic, RTB's deputy manager. "Trends in the world copper market have turned RTB from a company with low prospects into a company with a future."
As a measure of its optimism the firm this month bought a new bulldozer -- the first in 25 years.
RTB has ore reserves of over a billion tonnes, confirmed by state reports, Mihajlovic added. Exploiting these would require investment, opening a new pit and restarting an old one that was closed down in 2000.
Five investors are interested, with the deadline for binding bids expiring on Oct 31: Britain's Vedanta Resources, Montanwerke Brixlegg, the copper producer of Austria's A-Tec Industries, Cyprus-based East Point, a Russian fund called Strike Force and Russia's Solvej, which runs several mines in Macedonia.
In RTB's golden era in the 1980s, annual production stood at 140,000 tonnes of copper per year. It fell to 10,000 in the 1990s, when Serbia was punished with sanctions for its role in the Yugoslav wars.
After nationalist strongman Slobodan Milosevic was ousted in 2000 and the country started making tentative steps towards the West, RTB's massive furnaces were again fired up. Production reached 45,000 tonnes in 2006.
"The price of copper was like God's gift," Mihajlovic said. "Without investment in new equipment we would have had to close down the biggest open pit by the end of 2007."
DYING TOWN
The new owner will have to modernize the rusty, creaking complex, and invest in research and development: opening a new mine alone is estimated to cost $180 million.
But hopes for the complex go beyond cash and production figures. The town of Bor, home to 65,000 people, was built around the mine in the early 20th century and was once one of Yugoslavia's richest, a multinational hub buzzing around the company.
As RTB declined the town has suffered: it is now one of Serbia's poorest, and the most polluted.
Old neo-romantic houses, reminders of the French who ran the mine from 1905 to World War Two, stand crumbling next to the miners' barracks.
Nearer to the smelter, piles of barren soil and scrap metal lie by the roadside. The air smells of sulphur and tastes acrid. Workers in the smelting hall where red-hot molten copper ore is stirred in massive vats don't even wear masks.
RTB's technology is 80 years old, and considered obsolete in most European countries. In a recent study the World Bank said the high levels of pollution in the air, earth and water made the environment the region's biggest problem.
Despite the hardships, 26-year old Asim Alijevski said he was happy to find a job in the complex.
"I finished high school eight years ago and this is my first job," he said. "I get 20,000 dinars ($370) every month and I am very happy to be given the opportunity to work."
What! no EOX???
WAG 11-10-2007 04:49 PM
Beef business going bust
Alberta may lose up to 40 per cent of cow-calf operations by Christmas
David Finlayson
The Edmonton Journal
Saturday, October 27, 2007
Tired of losing money, Brian and Lois Scarrow plan on getting rid of almost all of their cattle next month.
CREDIT: Larry Wong, The Journal
Tired of losing money, Brian and Lois Scarrow plan on getting rid of almost all of their cattle next month.
EDMONTON - Marcel Turgeon cried when he watched 50 years of his life get sold for $56,000.
That's what the 63-year-old Lac La Biche rancher got at auction for 123 of the best charolais cows in the province.
They were so good they didn't need to be fattened up at a feedlot before going to slaughter, but that didn't matter to the packing plant buyer.
"I told him he stole my cattle, but he said he had no bidding competition so what was he to do," said Turgeon, who was banking on the sale to help fund his retirement.
Under normal market conditions Turgeon could have expected to get $200,000 to $250,000 for the pregnant cows, but he only got $479 apiece.
"I knew prices were low but I didn't expect that bombshell," he said. "I'm pretty depressed. I've put my life into this."
Turgeon is among thousands of ranchers quitting Alberta's heritage industry or drastically cutting their herds because of rock-bottom cattle prices and higher feed, fuel and other costs. Industry insiders believe Alberta will have lost as many as 40 per cent of its 35,000-odd cow-calf operations by Christmas.
Lois and Brian Scarrow of Donalda, east of Ponoka, have been raising cattle for only seven years, but are sending almost all of their 180 cows to auction next month.
"They've treated us well but we're stretched too thin," Brian Scarrow said. "Everybody's still hurting from the BSE days, and grain has gone up three or four times while cow prices have fallen."
"We'll keep a few, just enough for the grass, and maybe rebuild again."
The Scarrows will keep this year's calves and sell them in the spring, then concentrate on the trucking business they started in 1999, at least for a while.
Lois Scarrow said she and Brian, in their mid to late fifties, can't afford to keep losing money on the ranching side.
"I feel sorry for people who have spent years building up their herds, and then spend their retirement fund feeding their animals," she added.
Fairview rancher JoAnne Loland is selling half her 200 cattle because she can't afford to keep them, and she's ready to give up ranching altogether after 30 frustrating years.
"We had three years of drought, then three or four years of BSE and now prices are so low we're losing money," said Loland.
"Sometimes I feel like crying. I wish I'd never started ranching."
Not only have feed costs increased, cattle prices are less than half what they were five years ago, Loland said.
"Yet that's not reflected in the supermarket prices, so somebody's making money. If it goes on we'll all be eating beef from Brazil and Australia."
Gary Jarvis, owner of Triple J Auctions in Westlock, said he's already had a number of herds come through, and there are more scheduled in the next few weeks.
"Based on what I am seeing, we will lose between 30 and 40 per cent of cow-calf operations before Christmas, and they are the grass roots of Alberta ranching," Jarvis said.
"We're getting the same today for fall calves as we did 30 year ago."
A good young cow that's been pregnancy tested is selling for between $500 and $600, he said. Before the arrival in Alberta of bovine spongiform encephalopathy, commonly known as mad cow disease or BSE, such a cow would sell for as much as $1,500.
It costs $650 to $675, not counting labour, to keep a cow for 12 months, he added.
Cory Sekura, at Sekura Auctions in Drayton Valley, figures one in four ranchers in his area have got out of the business in the last couple of years.
"People who've been in it a long time are getting out," Sekura said. "They get so fed up they say just let the cattle go."
"It just doesn't add up when you're getting 80 cents a pound for a fat calf when it costs 85 cents to put each pound on it."
Economies of scale are taking over, so farmers with 40 cattle or less can't make a living, Sekura says.
Even ranchers with 200 or 300 cattle are suffering because high feed costs and the strong loonie are combining to push down cattle prices, he said.
Blair Vold, owner of Vold Jones Vold Auction at Ponoka, said he's had far more people than usual calling about selling their cattle, even before the peak winter sale season.
"I'm seeing a lot of sad faces at the auctions," Vold said.
Prices for calves are about as bad as they were during the darkest days of BSE, and grain prices have jumped 70 per cent because of the competition from the biofuels industry, he said.
At times like this, many ranchers get a push from the banks to sell some or all their cattle, he said.
Meanwhile, Marcel Turgeon will start looking for another job and probably will have to sell some of his five quarter sections so he can enjoy the retirement that's being forced by his worsening asthma.
"They said at the auction my cows were some of the best they'd seen, didn't even need to be finished," he said.
"But it didn't help. It's really sad."
dfinlayson@thejournal.canwest.com
WHERE'S THE BEEF
There are more than 35,000 Alberta beef cattle producers, with an estimated cattle population of 5.5 million.
Alberta produces almost 60 per cent of Canada's beef, about 700,000 tonnes a year.
Most cow-calf ranches breed their cows in June and July, so the calves are born in March and April and miss the winter.
Calves graze with their mothers on pastures and grasslands until October or November. That's when they are bought by feedlot owners or packing plants for finishing on a grain diet, usually barley, which gives the meat its distinctive white fat.
The animals got to slaughter when they are between 12 and 14 months old. Smaller calves can be 18-24 months old before they are big enough for slaughter.
Ranchers will also sell pregnant cows at the winter sales.
Food prices raise inflation alarm in Latin America
Mon Oct 22, 2007 11:50am EDT
By Cesar Illiano and Lucas Bergman
BUENOS AIRES, Oct 22 (Reuters) - Rising commodities prices are stoking inflation in Latin America, a trend that will force monetary officials to further raise interest rates to stop their booming economies from overheating.
Analysts say rising global demand for raw materials such as oil, grains and biofuels, coupled with high public spending by Latin American governments is creating a potentially dangerous inflation cocktail in the region, though for now the situation remains under control.
"Governments will be obliged to tighten monetary policies because the phenomenon of inflation will continue to grow due to domestic consumption, " said Enrique Alvarez, Latin America debt strategist with IDEAglobal.
Interest rate rises, increasing reserve requirements for banks, or reduced public spending are among restrictive policies that could be coming as Latin American governments seek to tame price rises.
Earlier this year inflation concerns were concentrated in Venezuela, which has double-digit inflation, and Argentina, where consumer prices are up almost 9.0 percent over the last 12 months.
But inflation has spread and annual inflation rates are now higher than 5.0 percent in several South American countries.
The pace of inflation has surpassed official targets in Chile, Colombia, Paraguay and Uruguay. And Peru's government recently said 2007 inflation will exceed the 3.0 percent target. Prices have also shot up in Bolivia.
In Brazil and Mexico, figures are still within the official target ranges, but central banks and governments are already taking measures to battle against rising prices.
FOOD PRICES
As global food prices soar, producers are increasingly passing the cost onto consumers in a region where around 200 million people live below the poverty line.
International wheat prices have risen nearly 74 percent since January, though corn prices have settled back after jumping by as much as 100 percent last year.
Rising global crude oil prices are also impacting the region. Oil prices have climbed 44 percent so far this year, adding to the upward pressure on fuel prices in non-producer countries.
Fuel prices impact not only public transportation but also the cost of distributing food.
In Argentina, where economic analysts and consumer groups accuse the Economy Ministry of under-reporting inflation, the center-left government has struck price accords with dozens of companies.
The accords have not proved entirely successful and angry consumers decided to boycott the purchase of tomatoes this month to force down soaring costs.
Some countries have tried to tame price rises by allowing local currencies to appreciate against the U.S. dollar in an attempt to reduce the price of imported goods, or by reducing import duties.
Others have cut taxes on sensitive goods and sought to control fuel prices and utility rates. But analysts say there is little officials can do to halt the root of the problem: the steady rise of commodity prices.
"(The rise in global commodities prices) is a factor that can't be controlled by the domestic side, and it will keep being harmful for Latin America's economies," Alvarez said.
A BARMAID who crushed beer cans with her breasts has described a police fine as a "farce", while her manager says she has now been forced to "go underground".
Luana De Faveri, 31, was fined $1000 after entering a guilty plea without appearing in court to breaches of licence conditions under the Liquor Control Act.
She was fined for attempting to hang spoons off her nipples and for while performing in a pub in rural Western Australia.
De Faveri exposed her breasts on two separate occasions in June of this year and performed her can-crushing party trick at least once while working at Pinjarra's Premier Hotel as a "skimpy barmaid".
Police say a mobile phone video was obtained that showed De Faveri remove her top, rubbed ice on her nipples and attempt to hang spoons off her breasts on the night of June 7.
On a second occasion in late June, alcohol and drug officers observed De Faveri again expose her breasts when she performed the can-crushing trick.
She was also observed to crush a can between her buttocks.
"They (the police) told me I was attracting too much attention to my sexuality ... because I was crushing cans with my breasts," Faveri, an Italian, said in an interview with Channel 7 before the case went to court. In it she is named as "Sophie".
"I can't believe it. I think it's a farce."
Raunchy Promotions owner Steve Zielinski, who contracted Faveri to the hotel, labelled the charges "a massive over-reaction and an absolute joke", ninemsn reports.
"The girl did nothing wrong you'd see more down on the beach on a Sunday," he said.
"To be taken to court for showing your boobs is an absolute joke It's not like she was having sex with a bar tap or anything over the top like that.
"There's a massive crime problem in Pinjarra drugs are out of control in Western Australia,he said.
"If the police are fair dinkum about protecting people in pubs and clubs, why don't they target the real issues instead?
"I'm not surprised she didn't show up for court," Zielinski said.
"She's probably humiliated and I don't blame her.
"She's been forced to work underground now."
Mary Jane - Ill Scarlett
FRICKIN UBOOB!!!
KLAXONS ATLANTIS TO INTERZONE
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=1270293
Bad Shoes by Stagger Lee
Iron and Wine- Such Great Heights
Lion's Mane - Iron and Wine
Iron and Wine - The Devil Never Sleeps
Stars - Take Me To The Riot
Stress Free Zone - Mark Wydler w/ Clayton Allen
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=8594325
Neko Case - Maybe Sparrow
Neko Case - Hold On Hold On
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=2421545
The Sadies - The Horseshoe
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=3468762
The SADIES - First Inquisition pt.IV
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=20268579
The New Pornographers - Challengers
Nice dip!
AAB on sale, the next Pinetree?
-----------------------------------
Aberdeen Int'l 75-million-share private placement
2007-07-27 14:36 MT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on May 15 and May 18, 2007.
Number of shares: 75 million common shares
Price: 80 cents per share
Warrants: 37.5 million common share purchase warrants to purchase up to 37.5 million common shares
Warrant price: $1.00 for a five-year period
Hidden placees: 70
Insider: RAB Special Situations (Master) Fund Ltd. five million
Agents' compensation: Orion Securities Inc. and GMP Securities LP acted as agents and have received total compensation consisting of a cash commission equal to 6 per cent of the gross proceeds raised, plus brokers' warrants entitling the agents to acquire up to 4.5 million units at a price of 80 cents per unit, to be exercisable for a period of two years following closing (each unit consists of one common share and one-half of one common share purchase warrant, with full warrants having the same terms as above).
Stars - The Night Starts Here
The Weakerthans - Aside
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=7161305
Hinder - lips of an angel
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=3595156
Black Lips "Cold Hands"
dd/mm/yyyy
Johnny Cash - Hurt
fight for kisses
http://www.ffk-wilkinson.com/
Built to Spill - Goin' Against your Mind
Here is the full UEX release, interesting to note that these are not core lab results but instead are calculated (estimated?) from gamma probe logging...
UEX, Areva drill 33.7 m of 4.73% U3O8 at Shea Creek
2007-10-18 09:48 MT - News Release
Mr. Stephen Sorensen reports
UEX/AREVA REPORT SECOND-BEST HOLE EVER AT THE ANNE DEPOSIT INTERSECTING TWO ZONES OF HIGH-GRADE BASEMENT-HOSTED MINERALIZATION: SHE-122-1 INTERSECTS 4.73% U3O8 OVER 33.7 METRES, INCLUDING 23.21% U3O8 OVER 3.6 METRES, AND A SECOND ZONE GRADING 1.24% U3O8 O
UEX Corp. has received from Areva Group subsidiary Areva Resources Canada Inc. the results from the first three holes of the 2007 fall drilling program from the Shea Creek uranium project, which is located in the western Athabasca basin of Northern Saskatchewan, Canada. Areva has also advised that it plans to submit a project description to the federal and provincial regulatory agencies in early 2008, for one or two underground exploration shafts and related test mining facilities. Construction could begin in 2010, based on the outcome of regulatory procedures.
Shea Creek hosts the Kianna, Anne and Colette deposits, and is one of the 10 western Athabasca projects currently under option from Areva, the operator. UEX has earned a 40.0-per-cent interest in the 10 projects by spending in excess of $24.5-million on exploration and development expenditures in just over three years. UEX has an option to earn an additional 9-per-cent interest and anticipates that it will earn its full 49-per-cent interest during the first quarter of 2008, at which time, Areva and UEX will form a joint venture where expenditures will be shared 49 per cent by UEX and 51 per cent by Areva.
"With the recent success at the Kianna deposit, Anne has taken a back seat to Kianna. However, that is about to change. Anne's SHE-122-1 ranks in the top five holes at Shea Creek," said Stephen Sorensen, president and chief executive officer of UEX. "Areva has informed UEX that at least three drills will be employed to focus on all of Shea Creek starting in January, 2008." Mr. Sorensen went on to say, "The escalation of drilling and development programs by Areva at Shea is evidence of their confidence in the potential of Shea Creek becoming a future mining camp in the western Athabasca basin of Northern Saskatchewan."
About the Anne deposit
The Anne deposit is geologically comparable with the Kianna deposit with both unconformity and basement mineralization. To date, the unconformity mineralization at the Anne deposit has been traced over a strike length of 250 metres and a width of 100 metres, and remains open in all directions. With the recent focus on the Kianna deposit, no work has been carried out on the Anne deposit since the fall of 2004.
Previous drilling programs have outlined three distinct styles of high-grade mineralization:
* Unconformity-type mineralization (UC) in close proximity to the unconformity (previous hole SHE-99-2, grading 9.17 per cent U3O8 over 15.7 metres, including 36.37 per cent U3O8 over 2.5 metres);
* Basement-hosted mineralization (B) found in zones up to 35 metres below the unconformity (previous hole SHE-96-3, grading 1.39 per cent U3O8 over 47.3 metres);
* Fracture/fault-controlled perched mineralization (P), higher in the sandstone column, is also prevalent within the Anne area, but intersections cannot be correlated between drill holes with the current density of drill information.
Fall, 2007, drilling program at the Shea Creek project
Drilling continues using three drills which started in mid-September. One drill is being used to expand the Anne deposit. Currently the Anne deposit is open in all directions. Pilot hole SHE-122, completed during the summer months (see map No. 1 on UEX's website), is being used to test the unconformity and basement extensions of mineralization in the northern portion of the Anne deposit. With the discovery of high-grade basement mineralization in the Kianna deposit, a greater focus is being placed on the basement mineralization at the Anne deposit.
Another two drills are being used to explore the area between the Kianna and Anne deposits, where historical drilling intersected mineralization in nine out of 13 drill holes. The two deposits are about 600 metres apart. Drilling is using pilot holes SHE-121 and SHE-123 (see map No. 2 on the company's website) to target inferred structures that offset a favourable geological trend between the Anne and Kianna deposits. Structural offsets are considered important for uranium deposition and are recognized in all three deposits at Shea Creek.
Anne deposit
SHE-122-1 -- (B) 4.73 per cent U3O8 over 33.7 metres, including 23.21 per cent U3O8 over 3.6 metres, and (B) 1.24 per cent U3O8 over 11.4 metres
SHE-122-1, the first hole of the 2007 fall drilling program at Shea Creek, has resulted in the second-best intersection of high-grade mineralization to date at the Anne deposit. The hole was a step-out hole of 20 metres and targeted the continuation of potential mineralization within a basement structure that was first observed in SHE-96-3 during the 1999 drilling campaign. With the success of intersecting basement mineralization at Kianna, the importance of basement structures has been applied to Anne. The unconformity was intersected 35 metres northwest of pilot hole SHE-122 at a depth of 713.0 metres (see map 1 on UEX's website).
High-grade basement mineralization was encountered between 713.8 and 747.5 metres, grading 4.73 per cent U3O8 over 33.7 metres, including 23.21 per cent U3O8 over 3.6 metres from 715.9 to 719.5 metres.
A second zone of high-grade basement mineralization was also encountered between 773.4 and 784.8 metres, grading 1.24 per cent U3O8 over 11.4 metres.
It is currently recognized that all the mineralization is associated with a large structure that remains open along its strike length. The high-grade zone directly below the unconformity will expand the basement mineralization at the Anne deposit. New drilling targets have also been outlined to follow up on this success.
Drilling between the Anne and Kianna deposits
SHE-121-1 -- (P) 0.17 per cent U3O8 over 5.5 metres
SHE-121-1 is located between the Anne and Kianna deposits. The purpose of this hole was to start exploration drilling between the deposits, target unconformity mineralization and identify basement structures that could host additional deposits. The unconformity was intersected 50 metres southeast of SHE-121 at a depth of 718.1 metres (see map No. 2 on UEX's website). The majority of the mineralization intersected was a perched style above the unconformity in the sandstone between 708.2 and 713.7 metres, grading 0.17 per cent U3O8 over 5.5 metres. Perched mineralization is seen in all three deposits at Shea Creek and is considered very significant for follow-up drilling.
SHE-123-1 -- (UC) 0.37 per cent U3O8 over 2.1 metres
SHE-123-1 is located between the Anne and Kianna deposits, and the purpose of this hole was the same as SHE-121-1. The unconformity was intersected 65 metres southeast of SHE-123 at a depth of 743.4 metres (see map No. 2 on UEX's website). The mineralization was associated with breccias just above the unconformity between 740.6 to 742.7 metres, grading 0.37 per cent U3O8 over 2.1 metres.
Uranium grades are calculated from gamma probe logging. True widths of mineralized intervals have not yet been determined. The technical information in this news release has been compiled and reviewed by Erwin Koning, PGeo, Areva's district geologist, west Athabasca region, a qualified person as defined by National Instrument 43-101.
Development work for proposed exploration shafts at Shea Creek
Areva is planning to submit a project description to the federal and provincial regulatory agencies in early 2008, for one or two underground exploration shafts and related test mining facilities. Construction could begin in 2010, based on the outcome of regulatory procedures.
As first announced in Stockwatch on April 10, 2007, Areva has started the necessary studies for site characterization and baseline studies for an exploration shaft. The first proposed shaft has been strategically located between the Kianna and Anne deposits to provide underground access to both deposits, as well as the highly prospective corridor between them (see UEX's website for a map depicting the shaft location). Each of the proposed shafts will have a vertical depth of approximately 950 metres and an estimated capital cost of $100-million.
Three drill rigs, during the summer of 2007, completed five piezometer holes each to a depth of 800 metres in the vicinity of the planned shaft location. The piezometer installation and pumping tests, and groundwater monitoring and sampling, have recently been completed.
Packer tests for hydrological studies were performed by Golder Associates during the summer. The importance of these tests is to estimate groundwater inflows in underground openings. A final report is expected later this year.
An environmental baseline study has been started in the form of surface hydrology with monitoring stations and lake level gauges installed during the summer. Aquatic and terrestrial ecology began in July. The aquatic studies will begin in September followed by terrestrial studies later in the fall. These studies will be continuing into next year.
This development work and related studies are required to file a project description to the federal and provincial regulatory agencies.
About the Kianna deposit
At the Kianna deposit, high-grade uranium mineralization has been intersected in multiple zones at depths from 662 metres to 922 metres, a vertical distance of approximately 260 metres, located in sandstone high above the unconformity, at the unconformity and below the unconformity in basement rocks, with unconformity depths ranging from approximately 710 to 760 metres.
To date, the Areva-UEX drilling programs, from 2004 through to 2007, have outlined three distinct styles of high-grade uranium mineralization that are still open in all directions:
* Perched sandstone-hosted mineralization found in discrete zones tens of metres above the unconformity currently has a defined strike length of 80 metres and a width of 60 metres (previously announced 2005 hole SHE-114-5, 27.4 per cent U3O8 over 8.8 metres, including 58.3 per cent U3O8 over 3.5 metres).
* Unconformity-type mineralization in close proximity to the unconformity has a defined strike length of 200 metres and a width of 200 metres (previously announced 2006 hole SHE-115-3, grading 12.57 per cent U3O8 over 11.9 metres, including 27.35 per cent U3O8 over 4.2 metres).
* Basement-hosted mineralization found in zones up to 200 metres below the unconformity has outlined a strike length of 200 metres and a downdip extension of 160 metres (previously announced 2005 hole SHE-114-11, grading 5.40 per cent U3O8 over 37.7 metres, including 25.46 per cent U3O8 over 4.0 metres).
SHEA CREEK DRILL RESULTS FOR THE FALL OF 2007
Hole Total depth Depth to From To Length Average grade within
(m) unconformity (m) (m) (m) (m) intersection (% U3O8)
SHE-122-1 898.0 713.0 713.8 747.5 33.7 4.73
including 715.9 719.5 3.6 23.21
773.4 784.8 11.4 1.24
SHE-121-1 881.0 718.1 708.2 713.7 5.5 0.17
SHE-123-1 863.0 743.4 740.6 742.7 2.1 0.37
Same situation here I am sure, prices at auction are down and peoples response is to cull more.
"The record high grain prices are compounded by a very strong Australian dollar. There seems little relief in sight for either."
UBS - You Bull $hit?
Congrats Ed, now looks like it was a no brainer at .12, missed it.
You paint the THU chart today?