sellers today, buyers tomorrow, page-13

re: what happen to all the uxa post? I also find this interesting: )



"URANIUM Exploration Australia says it has used new in-house technology to find a "newly recognised style of deposition of uranium mineralisation" in South Australia's Gawler Craton region and plans to drill the targets, along with a number of more conventional anomalies, in the next quarter.


When contacted by MiningNews.net UXA executive chairman Neill Arthur was particularly guarded, not wanting to reveal the company's "competitive advantage" at this point in time.

"Obviously we've got some in-house technology, which is able to find uranium from the surface, which other people haven't been able to do in Australia," Arthur said.

"One of those keys is the types of rocks and surface cover involved so we want to keep that to ourselves for the moment, for the benefit of our shareholders."

The company says "several" of the 10 targets that it has identified in its 4000 square kilometre ground holding in the "mineralised corridor" of the Gawler Craton were of the new style. The company has projects to the south-west of Olympic Dam and south-east of Oxiana's Prominent Hill.

UXA used more traditional airborne radiometric surveying, along with field mapping and surveying, to identify the rest of the 10 targets.

Seven of these targets, at estimated depths of 50-350m, will be drill tested in a 3450m drilling program budgeted at $A520,000, and set to start in April."


Don't be disheartened.. I love following floats
all you have to do is look at IOH ... 1000+
eme vul....

look at abs... in about a few months from memory I think it went from $1.00 to $14.oo