Uravan Minerals V. UVN Message Board

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Gold/Mining/Energy : Uravan Minerals V. UVN

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To: Gord Bolton who wrote (6)	3/20/2000 9:32:00 AM
From: 1king	of 7

G'day Gord, Just looking at the first PR on this thread. Interesting numbers for sure but there is a lot of BS pump in the middle. That is not to take away from the drill intercept which is positive. But as I have told other people these layered ultramafics or stratiform occurrences can be locally enriched but still with zero economic potential. The lack of discussion about the other drill holes attests to that (location, location, location). Nevertheless I will try to see what their web site offers versus the PR starting this thread. BS discussion e.g. Discussion the the BGC anomaly around the old mine. No geochemical survey around old workings is worth a pinch of rat shit. Discussion of analytical detection limits versus quality of anomalies is meaningless. The data should be evaluated as a single independent data set to establish background and anomaly values (>95 percentile). That would dramatically change the interpretation of the data based on what they presented. Especially since they are in an area of flat lying ultramafics! It is essential to establish background for that lithology and then identify anomalies within that context. Economic comparisons with other deposits with 25-100 year mining histories is also BS. Complete disclosure of all drill information is what respectable companies do. Regardless of results. There is always room to put a positive spin e.g. technically successful means they hit a non-economic magnetic conductive body. FWIW 1King P.S. The web site is probably much clearer??

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