Sunday, November 18, 2007 8:00:53 PM
"Layne Berman and Tony Brandt representing Russell Industries, Inc. (Pink Sheets:RSDS) report that on August 29, an independent uranium drill logging company contracted by the company began the initial step in the process of quantification on the first ten holes drilled on its Cache claims in Utah’s Lisbon Valley.
Using Gamma technology, the preliminary results indicate that certain quantities of uranium were indeed found. To confirm these findings using alternate methodology, core samples taken from the tailings of the drilled holes are being sent to an independent laboratory for assay. Preliminary field analysis of these tailings indicates such mineralization as to suggest a reasonable probability that uranium is present in the area. "
In my head, this is the logical way to approach this. Why waste money and time in coring, if the logs come back indicating little or no evidence of uranium.
-faz
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