Zen, does it seem strange to you that Urban would be interested in uranium exploration up in the Athabasa Basin if we do not have a significant uranium deposit or two in the FALC?
The more I think of it, the more I believe that uranIUM is what we have, at least in the two oreos... Uranium oxide is non-magnetic, right? Remember when they first started drilling the oreo and they had to move the rig after intercepting significant groundwater? I thought that very odd, as groundwater would do nothing to affect drilling or core samples of kimberlite containing diamonds... I understand that uranium is commonly mined, using a leaching process, so it stands to reason that the uranium oxide might be to some extent water-soluble (I haven't been able to confirm that yet)? I guess you can see where I am going with this. I'm thinking of the other non-magnetic oreo located in the swamp... Guess we might have an idea now why that one was not the first to be drilled?
I believe the company knew all along what they had there from the TDEM survey, however they just needed a confirmation of concentrations. They apparently found what they were looking for and appear to have moved on...
So, now we know what we will be getting from UCA and also know the paltry sum that was supposed to have been paid by CMKM for this. I think we are just seeing the very tip of the iceberg here... do you?
All speculation for sure, LOL
Cheers, Scruffy