"Drilling results for eight deposits have been released with substantial widths and high grade uranium oxide (“U3O8”) and vanadium pentoxide (“V2O5”) intersections being reported.The uranium resource drilling program has been designed to underpin JORC compliant resource estimates for each of Summit’s eight uranium deposits. The Company expects to have estimates released for at least five, and possibly six, of these deposits before the end of 2006".
Comment: Apart from these deposits, there are still quite a few to drill yet. They also acquired a highly prospective area. They will have months of drilling left to do.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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