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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Goldberry who wrote (4226)11/21/2006 9:11:05 PM
From: TheSlowLane  Respond to of 30216
 
goldberry - I have to go back and re-read it, I only had time to skim it this morning. I like the team at FDC.V, including Dr. Tan and I like their properties and their exploration thesis (relatively shallow unconformity deposits). Maurice Point looks interesting and the Key Lake area looks good, too. I think Forum is one of the high-quality juniors that has a decent shot at a discovery. The trading action today was encouraging, for sure!



To: Goldberry who wrote (4226)11/21/2006 9:50:09 PM
From: TheSlowLane  Read Replies (1) | Respond to of 30216
 
From Forum's news release today:

"Strong chloritization and hematization were observed in most of the uranium occurrences over a 200m by 200m area. A strongly silicified and hematized graphitic metapelite outcrop assayed 1.07% U3O8 over a 20m strike length. Further grab samples of calc-silicate and metapelite assayed 0.15%, 0.21%, 0.29%, 0.58%, and 1.82% U3O8. Isolated uranium mineralization is found up to one km south of the main zone that is separated by overburden and swamp cover."

A couple of things...
- 1.07% is a very good grade
- 20m is a decent interval
- it is at surface
- it is from a 200m x 200m area
- grab samples indicate potential for higher grades

On top of all of that, if this showing is connected to the showing 1km away, then we have major size. The fact that they are going to go ahead and drill it indicates that the company thinks there is some potential here. Looking good...