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Thursday, 08/12/2004 11:12:34 AM

Thursday, August 12, 2004 11:12:34 AM

Post# of 45597
Debeers link - Kimberlite/Uranium

http://216.239.57.104/search?q=cache:osRyK_jiyYgJ:www.debeerscanada.com/files_2/pdf_documents/victor....

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As we can see from this study, even though uranium was found in the country rock and kimberlite tested, they determined it wasn't minable.

Please note, what I'm offering is just discussion and trying to learn more about our claims and their potential based on what Zen32 wrote a few days back.

My initial thought when I read his post boiled down to one simple but important point. If Shore Gold's Star Project and Debeers/Kensington's #122 were uranium rich, they certainly would have identified and reported this in their findings by now.
It seems at least for the portion that Debeers tested, this conclusion holds true.

That is not to say we won't find minable uranium in our country rock or kimberlite, but our business is diamonds. Based on the above, our efforts will stay concentrated on diamonds, unless minable uranium is found by chance.

If others have found additional info to agree or disagree with the above, I would certainly welcome reading it. : )

The other point of Zen32's uranium post can't be dismissed however. Because he connected the dots to key players in the industry with CMKX, we cannot overlook CMKX's huge leverage position. With the promising Goldak survey, we have seen over the past 3 weeks how such leverage works to our benefit.

If CMKX chooses to have a percentage stake in uranium mining, or any other natural resource (i.e. oil and natural gas), they have the collateral in their claims to afford such a venture.

Be well, Bo




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