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Gold/Mining/Energy : Uranium Stocks

URNM 58.40

+0.6%

Dec 9 4:00 PM EST

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To: johnlw who wrote (4193)	11/21/2006 1:08:33 PM
From: Tommaso	Read Replies (3) of 30204

More on UEX: "On July 13, 2005, UEX announced the discovery of high-grade uranium mineralization in hole SHE-114-5, the fifth unconformity impact from 2004 pilot hole SHE-114. SHE-144-5 intersected 27.4% U3O8 over 8.8 metres, including 58.32% U3O8 over 3.5 metres, at a point approximately 30 metres above the unconformity." I have never heard before of grades of uranium above 50%. I wonder if this 58.32% may be a world record. I haven't figure out yet what problems there may be in recovering this uranium--how deep it is or what kind of formations it is in. That information may be on the web site, but I haven't dug it out yet. uex-corporation.com

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