uranium hopeful slipping under the radar

Considering recent reactions to u plays at the sniff of mineralisation, URL appears to have been overlooked.


UNIVERSAL COMMENCES URANIUM EXPLORATION
The directors of Universal Resources Limited (Universal) are pleased to report that fieldwork
has commenced upon known uranium occurrences within Universal’s wholly owned 3,600
square kilometre tenement portfolio in the Mt Isa and Cloncurry regions.
HIGHLIGHTS
The current exploration programmes are targeting mineralisation located by previous
explorers north-east of the former Mary Kathleen uranium mine (9.2 million tonnes mined
grading 0.13% U308) and reported by Universal in an ASX release dated 22 June 2006 as
follows:
• Janet Maude-Mount Harold prospects rock chip values up to a peak of 6.18% U308;
• Godkin prospect costean rock samples gave grades in the range of 0.3-0.4% U308,
including 0.3 metre channel sample at 1.32% U308.
Mapping and sampling programmes commenced early in December and remain in progress.
This work has shown that:
• The Janet Maude, Mount Harold and Godkin prospects sub-outcrop proximal to a
major north-east trending fault that also passes through the former Mary Kathleen
uranium mine.
• Geometries of the Mount Harold and Janet Maude prospects support the concept of
a north-east structural control to mineralisation.