Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Cogito Ergo Sum who wrote (5287)	12/22/2006 11:56:07 AM
From: Land Shark	Read Replies (2) \| Respond to of 30365

Nice Xmas Present from RSC Montreal, December 22, 2006. - Strateco Resources Inc. (TSX Venture: RSC; USA: SRSIF; Deutsche Börse (Frankfurt): RF9) STRATECO INTERSECTS 2,1%U308 OVER 12,4 METRES ON MATOUSH AND ALLOCATES A $12 MILLION BUDGET FOR 2007 Strateco Resources Inc. (“Strateco”) is pleased to announce the completion of 38 drill holes by one drill rig on the Matoush property in 2006 for a total of 13,668 metres. The Matoush property is wholly-owned by Strateco. Drilling covered a 730-metre section of the Matoush structure, which has been traced over a distance of more than eight kilometres. Most of the drilling, 17 holes, targeted the AM-15 zone. Strateco has received the results of 15 additional holes from the Saskatoon Research Centre ( SRC), with analyses for 12 holes still pending. The best results for the new holes (holes MT-06-14 to 21, MT-06-27 to 29, MT-06-30) were from Hole MT-06-30, which returned a grade of 2.1 % U3O8 over 12.4 metres representing 42 lbs/tonne U3O8 over 41 feet; this includes 4.7 % U3O8 over 3.3 metres (94 lbs per ton) and 16.6 %U308 over 0.3 metres (332 lbs per ton). This is the best intersection obtained to date on the property. A pound of U3O8 presently sells for US $72. Hole MT-06-30 lies in the northern extension of the AM-15 zone, at the upper contact of the ACF facies. It is the first of a series of holes with strong potential for high grades, including holes MT-06-31, 32, 33 and 37 drilled the length of the AM-15 zone going north and above hole MT-06-16, which intersected low U3O8 values (see location map on the website at www.stratecoinc.com). Holes MT-06-14, 15 and 16 all returned values of U3O8, albeit low values for Matoush. Results for Hole MT-06-18, located 175 metres north of AM-15, included 0.27% over 2 metres, but it should be noted that a 3-metre section of the fault was not recovered. Of the most recent holes drilled on the AM-15 zone for which chemical results were not available, Hole MT-06-35 is of particular interest. This hole in fact intersected a section strongly mineralized in pitchblende and uranophane over 15.1 metres, with up to 65,000 counts per section (cps). Exploration holes (MT-06-20 to MT-06-27) drilled on a 100-metre grid to the north all intersected the fault with typical alteration, with radiometry indicating weak to moderate values of up to 2,500 cps. The following table shows mineralized intersections for which chemical results have been received, as well as the radiometry in holes for which chemical results are still pending.