Replies to post #3837 on Uranium Mining and Exploration

[johnlw]

When I see numbers like you guys are throwing around I always go to JNN's website and take another look a the Maverick Zone numbers:

The better mineralization to date is located in the vicinity of the original Maverick discovery, centred about ML-03 and ML-25. The mineralization is intimately associated with graphitic pelites, reactivated faulting and extensive clay replacement associated with hydrothermal alteration in the sandstone and basement rocks. This classic unconformity-style mineralization is best exemplified by holes ML-61, ML-54 and ML-55, where respective intervals of 4.03% eU3O8/10 m (incl. 1.4 m @ 20% eU3O8), 3.5% U3O8/5.0 m and 5.14% U3O8/6.2 m were obtained. In ML-29, returning 1.61% eU3O8/7.5 m, an 0.5 m intersection graded 7.91% U3O8, 3.65% Ni, 2.8% As, 1.6% Cu, 0.9% Co, 0.35% REE and 5.3g/t Ag, confirming the polymetallic nature of the mineralization.

http://www.jnrresources.com/s/Moore_Lake.asp

An advanced drill program in elephant country, my second favourite.

JW

[Chamane]

And now we understand why the "key value" of 0,1% is so significative for mining operations!

Values of 1% and more are not frequent in majority of drill holes (except for Athabaska -style mineralisations)and with it occurs it is taken very seriously by the administration! That's why cies like RSC.v are making all their publicities (in hoping to be buy by Cameco or other majors)with one hole grading 1.5 % on 9,5 m

To johnlw: You're right. And I'm in into JNN ;-) But there are so many data to take into acount in comparing uranium mines vs gold mines; Recovering price, mining processes, exploration and production costs, etc.. vary so much with mineralisation types.

Chamane

ps. Thanks so much to oasdihf, johnlw, earthfarm and others to get us inform on uranium cies. I read you since months and you are so quick to post news!