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Replies to post #877 on CKUA

Replies to #877 on CKUA

johnlw

01/08/06 10:54 PM

#879 RE: johnlw #877

So let's look at HPU.......from the Nat Bank list of jrs with proven resources..
From their website:
ALLEMAND-ROSS PROJECT
Approximately 970,000 pounds of recoverable uranium in the "indicated resource" category (214,000 short tons at 0.32% U3O8 grade) and 3,790,000 pounds of recoverable uranium in the "inferred resource" category (1,400,000 short tons at 0.19% U3O8 grade) at Sand Draw and 827,700 pounds of recoverable uranium in the "inferred resource" category (361,300 short tons at 0.167% U3O8 grade) at Bear Creek

And the Swinney Switch project:
''The estimate provided is historical. No mineral reserve or mineral resource estimates have been prepared by High Plains. This estimate was not prepared in compliance with the categories set out in the CIM Guidelines, as the estimates were prepared prior to the implementation of the CIM Guidelines. Micon considers that this estimate is sufficiently reliable to provide an order-of-magnitude estimate as to the amount of uranium present on the property and to serve as the basis for further exploration work. The historical data reviewed by Micon did not provide sufficient support for the category, tonnage or grade of the resources at the Wallace Ranch Property. As at the date hereof, the Company is not in possession of any more recent estimates or data on the Wallace Ranch Property.

What a joke