AI
Saturday, December 15, 2007 9:36:39 AM
JNN
One of the premier jrs operating in the Athabasca Basin, UEX being the big dog.
JV with DML on some claims. I don't know if DML has any money to buy them out or not. Possible scenario.
The Moore Lake project is the one that has been getting all the headlines and has delivered big numbers 3 years in a row if memory serves correct. They have been at it for almost 10 years on this property and gotta be getting close to an NI43-101 on it. Drill results from summer's program, consisting of 38 holes comprising 14,317 metres, usually start showing up in late Jan/Feb.
The Way Lake project is 100% owned and is the wild card I think. Get a couple metres of 5-10% U look out. 14 diamond drill holes totalling 2,467 metres was the 2007 program and will continue with more drilling in early '08.
High grade uranium mineralization was obtained from outcrop sampling of a previously identified massive pitchblende vein, referred herein as the Hook Lake showing. Two grab samples collected from the vein returned 40.1% and 48% U O , while a soil sample overlying the vein assayed 27.8% U O .
Lots of other projects in Sask
They have a jv with Altius in Nfld too fwiw.
MD&A worth a read if interested
They seem to have a nice steady news flow in the winter.
Disclosure:
I loaded the truck this week.
One of the premier jrs operating in the Athabasca Basin, UEX being the big dog.
JV with DML on some claims. I don't know if DML has any money to buy them out or not. Possible scenario.
The Moore Lake project is the one that has been getting all the headlines and has delivered big numbers 3 years in a row if memory serves correct. They have been at it for almost 10 years on this property and gotta be getting close to an NI43-101 on it. Drill results from summer's program, consisting of 38 holes comprising 14,317 metres, usually start showing up in late Jan/Feb.
The Way Lake project is 100% owned and is the wild card I think. Get a couple metres of 5-10% U look out. 14 diamond drill holes totalling 2,467 metres was the 2007 program and will continue with more drilling in early '08.
High grade uranium mineralization was obtained from outcrop sampling of a previously identified massive pitchblende vein, referred herein as the Hook Lake showing. Two grab samples collected from the vein returned 40.1% and 48% U O , while a soil sample overlying the vein assayed 27.8% U O .
Lots of other projects in Sask
They have a jv with Altius in Nfld too fwiw.
MD&A worth a read if interested
They seem to have a nice steady news flow in the winter.
Disclosure:
I loaded the truck this week.
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