Russell Industries: RUSSELL INDUSTRIES ANNOUNCES STRATEGIC PLAN HOUSTON, TX, Mar 27, 2007 (M2 PRESSWIRE via COMTEX) --
Russell Industries, Inc. - (RSDS.PK) plans on acquiring 200 Uranium Mine Claims as part of its strategic plan for 2007.
" Upon evaluating present market trends, The Company believes very strongly that the value of Uranium will continue to increase and will aggressively pursue acquiring claims as opportunities present themselves," Rick Berman, President.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries.
Russell Industries to acquire 8 mine claims - HOUSTON, TX, Mar 26, 2007 (M2 PRESSWIRE via COMTEX) --
Russell Industries, Inc. - (RSDS.PK) has agreed to acquire 8 Uranium mine claims, known as the "Rage Mining Claims" in San Juan County, Utah from BRW Mines (Monticello, Utah).
The Company plans to engage BRW to mine part of the claims in coordination with buy orders from interested mills.
"The opportunity to acquire these claims is consistent with Russell Industries strategic plan for 2007", Rick Berman, President.
The transaction should close in April.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries.
FYI. 31/12 2005 RSDS had 90,331,098 shares issued - at $5 per shares is a total - market value $451,655,040 in market capitalization -
31/12 2005 RSDS owned patented water tretment process -
26/03 2007 RSDS is continuing - development of the patented water treatment process - that has been discharged in oil, gas and mineral exploration - mfg. production industry -
26/03 2007 RSDS also own the uranium and vanadium mines described below acuired after 31/12 2005 -
so in reality the real value in the RSDS real estate mining properties is much higher today - compared to 31/12 2005 -
but still the current 666gypt mmm's guile frauds of the markets? - in the beds with the 666nss anti-America 911copycatz bolshwevikz? - the real values aren't reflected in any way - with any common sense? -
the mmm gypsies nss bolshevikz should all be in jail? - why are the 666clownz allowed to be walking on the street??? -
FYI. RE: RSDS market cap 25/03 2007 basically $450k? -
RSDS -- Russell Industries, Inc. -
For a year ago RSDS didn't own the uranium - vanadium properties - Payday old mines -
RSDS is continuing - development of a patented water treatment process - that has been discharged in oil, gas and mineral exploration - mfg. production industry -
I don't see a ligitimate reason to why RSDS - should be trading for less share price at present - than RSDS did trade at for a year ago -
RSDS with the uranium and vanadium mines should - been trading in the opposite direction in a fair market -
The Payday mines claims and Rage Mining Claims - in San Juan County, are part of the Morrison formation known for the many - valuable deposits of Uranium.
The sandstone formation along the East Canyon Wash - contains a good grade of Uranium - and is easily mine able.
Adjacent to the claims, a drift runs 800 feet.
A full face of ore ranging from 8-12 feet in thickness is average.
The sides and back of the drift indicate ore values ranging from .35 to .80 Uranium - and up to 2 to 3% Vanadium.
The dump from the drift shows values - from .15 to .20 Uranium.
The ridge to the north of East Canyon Wash has many notable addits, including Dermo Shaft Mine, Locust Mine, Rim Shaft Mine and the Vanadium Queen. The mines removed ore from the 1950s thru 1970s etc.
The south ridge of the East Canyon Wash, where - the Payday is located - is scattered with addits as well.
The owner has followed the ridge for 20 plus miles to the west - locating well over 10 addits that range from 400 to 800 feet in depth - all showing ore consistent with the addit adjacent to the block of Payday Claims.
A prominent geologist who visited the property - feels that these addits are merely - the tip of the iceberg - and many million pounds of ore - are located behind these outcroppings -
A drilling program would bear out this theory with minimal costs as the ore is close to the surface.
The area lends itself to open pit mining - as overburden is 30-80 feet thick.
A n aerial photo of the property shows many roads pushed in a grid formation consistent to those used for drilling.
Physical inspection of the property bears out that indeed the property was drilled extensively at one time, however - any records of past studies - have to be located -
Section 36, a State School section adjacent to the Payday Claims - has been drilled and surveyed - with many holes drilled on 20-foot centers.
Russell Industries believes that surely a prudent company would not have conducted and continued such an extensive - drilling program without having ample success - as the project progressed.
East Canyon is included within the Lisbon Valley district.
Since 1952 until the early 1990s, it has produced over 85 million pounds of Uranium along the flanks of - the Lisbon Valley anticline.
All of the major ore bodies did not outcrop - and were discovered by exploration drilling.
The White Mesa Mill is a fully permitted uranium mill with a vanadium co-product recovery circuit.
It is located in rural southeastern Utah, near the town of Blanding in San Juan County.
Access is by state highway.
The Mill has been in operation for over 25 years - since its startup in 1980.
The climate and geology in the area are ideal for receiving, processing and permanently disposing of radioactive materials.
The tailings system is below surface grade, and is separated from the nearest aquifer by nearly 1,200 feet of low-permeability rock.
Twenty-five years of monitoring have demonstrated no release from the tailings impoundments.
Construction of the White Mesa Mill started in 1979, and conventionally mined uranium-mineralized material was first processed in May 1980.
The Mill cost $40 million to construct.
With inflation, more stringent permitting requirements, and the lack of suitable sites, the cost of constructing a facility such as the White Mesa Mill, if possible, would be considerably more than that amount today.
During mining, uranium-mineralized material is received at the Mill and stockpiled. The material is initially fed to an 18-foot diameter SAG Mill, then stored in slurry form in one of the two pulp storage tanks. The Mill utilizes a two-stage leach process where overflow solution from the No. 1 CCD Thickener is combined, in an "acid kill" step, with feed from the pulp storage tanks. The slurry from this first stage leach is then separated in the pre-leach thickener, with the solids going to the second stage leach and the clarified solution going to the solvent extraction circuits. Concentrated sulfuric acid, steam, and an oxidizer are added in the second stage leach. This slurry is subsequently fed to the 8-stage CCD Circuit where the underflow is discharged to tailings.
In full operation, the Mill employs approximately 100 people. The Mill is maintained in good operating condition and is capable of commencing a Mill run at any time without the need for regulatory approvals or any significant capital expenditures. White Mesa will begin to purchase ore in early 2007.
Went to Utah and evaluated the Payday mines -
Snow covered -
many holes -
and hindered -
our evaluation -
on the upper area -
please, understand with common sense -
Payday mine area is at - the elevation above sea-level is about 6740 feet -
we have to be into spring before the snow is gone - and we can do a more visible overview of - the Payday's 2 Sq. miles area - (btw. don't want to be the snowman - got out in time) -
East Canyon near Monticello, Utah -
While on the Pay-Day Claims - spent time looking at the rim thickness, alteration, and viewed Uranium (U) & Vanadium (V) mineralization in several adits - well, its all there to eyeball - big demand - its well protected by snow and its in the safest hardrock box - it doesn't lose any value -
Mesa don't need big samples - to do assaying? - but need lots of feed - 2000t per day -
The Payday mines property has 54 mining claims covering an area of almost 2 square miles -
The claim group covers an area where the favorable upper rims of the salt wash member of the Morrisson Formation (Jurassic in Age) exist almost intact -
As a Professional Geologist with five years experience in Uranium (33 years overall), I conclude - the Payday claims cover an area of good potential - to develop a new uranium - vanadium deposit - within the virgin claim area -
The Vanadium Corporation of America -
Operating History - The Vanadium Corporation of America - opened a vanadium ore-buying station at Monticello - in late 1940 and began mill construction in 1941 -
In 1943, Vanadium Corporation - began producing uranium-vanadium - for the Manhattan Engineer District (ATSDR, 1997) -
A 1942 photo of Monticello shows housing for mill workers in the foreground and uranium mill in background. The mill closed in 1960.
Construction of the Monticello plant - in addition to the mill proper, included the development of an adequate water supply, installation of a power plant, and construction of two large housing projects for workers -
The staff town site, on the hill opposite the mill - to the south, consisted of staff houses, manager's house, and family dwellings.
The other housing project consisted of family houses and bunkhouses and boardinghouses (ATSDR, 1997).
Intermediate owners and operators of the Monticello Mill Tailings Site included;
the War Assets Office; the Atomic Energy Commission (AEC); American Smelting and Refining Company; Galigher Company; Lucius Pitkin, Inc.; National Lead Company; the Bureau of Land Management (BLM); and the DOE (ATSDR, 1997). Mill operations were terminated on January 1, 1960.
The ore-buying station remained open until March 1962 (ATSDR, 1997).
The mill tailings were stabilized by grading and covering with dirt and rock between 1961 and 1962, and the actual mill building was dismantled in 1964 (DOE, 2002).
World War II brought further changes -
The Vanadium Corporation of America - (VCA) selected Monticello as a site for a wartime vanadium - processing mill.
It employed 200 workers until it closed in 1946 - only to reopen in 1949 as a converted vanadium and uranium plant -
During the 1950s, the mill processed large amounts of ore taken from the canyons of southeastern Utah; however, in 1960, the Atomic Energy Commission closed the plant.
Information obtained by the Atomic Energy Commission dating back to February and June 1955 the geo-statistical estimation of reserves with underground mining, estimated reserves from the Russell Industries 54 claim group would be 2 - 20 million pounds of Uranium (U308) An additional benefit of this area is the high content of Vanadium within the ore. Based on historical records, shipping records and samples, the average Vanadium content is 2 - 3%.
The Company intends to fully maximize the advantage of its ownership of the only conventional uranium mill operating in the U.S. -
To that end, in addition to processing its own ore and alternate feed material, the Company has entered into negotiations for toll milling arrangements with other mines in the region - lots of feed its needed -
The Company intends to fully maximize the advantage -
of its ownership of the only conventional uranium mill
operating in the U.S. -
within an hour trucking distance from Payday mines area -
To that end, in addition to processing its own ore and alternate feed material, the Company has entered into negotiations for toll milling arrangements with other mines in the region -
That's the Mesa future - to feed the powerplants - RSDS - to be re-discovered -
When extrapolating the preliminary report from -
Edge Consulting in December 2006 - and information obtained by the Atomic Energy Commission -
dating back to February and June 1955 - the geo-statistical estimation of reserves - with underground mining, estimated reserves - from the Russell Industries 54 claim group -
would be 2 - 20 million pounds of Uranium (U308) - with an average grade of .27% and a cutoff of .10%. -
An additional benefit of this area is the high content of Vanadium within the ore. Based on historical records, shipping records and samples, the average Vanadium content is 2 - 3%. (est. from part of the Payday area)
Payday to be mined - blast and scoope out? - RSDS & Mesa want pos. Shareholders - for more info - Contact:
US Minerals LLC. Josh Bleak, Mining Projects Manager
Note. RSDS owns the patented great water tretment process - all mine owners must present to get a mine permit? -
the one who has the patented right water tretment process - will get the permits and the uranium mines to be restarted? - and it may be easy to get the old mines - for they maybe very costly to someone - who can't get the permits? - Imo. Tia.
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