gpn ground is red hot, page-2

I don't believe it 100 views on this posting and not one response. Shameful.
What, was there too much to read? Too many facts, rather than crup and personal slander LOL!!

OK I'll make it a little easier to read by extracting the relevant paragraphs from the nuclear report December 2006 and comparing them to today's GPN announcement.

Let me spell it out so that it is a little clearer for some of us who are too tired to read it in it's entirety.


Geology of Uranium Deposits
Nuclear Issues Briefing Paper # 34
December 2006
--------------------------------------------------------------------------------

Unconformity-related deposits - Unconformity-related deposits arise from geological changes occurring close to major unconformities. Below the unconformity, the metasedimentary rocks which host the mineralisation are usually faulted and brecciated. The overlying younger Proterozoic sandstones are usually undeformed.

Unconformity-related deposits constitute approximately 33% of the World Outside Centrally Planned Economies Area (WOCA)'s uranium resources and they include some of the largest and richest deposits. Minerals are uraninite and pitchblende. The main deposits occur in Canada (the Athabasca Basin, Saskatchewan and Thelon Basin, Northwest Territories); and Australia (the Alligator Rivers region in the Pine Creek Geosyncline, NT and Rudall River area, WA).

GPN's Announcement today

West Arnhem Tenure
The Gumadeer and Table Hill tenements, known as the West Arnhem Tenure
(WAT), are found in the Alligator Rivers Uranium Field (ARUF), a region
located approximately 250 kilometres east of Darwin and approximately 30
kilometres east of the Nabarlek Uranium Mine. They cover an area of 700km2.

Nuclear Issues Briefing Paper # 34
December 2006

Unconformity-related deposits constitute a major proportion (20%) of Australia's total uranium resources, and much of Australia's total production since 1980 has been mined from two of these deposits - Nabarlek (now mined out) and Ranger 1 & 3. Other major deposits in the Alligator Rivers region are Jabiluka, Koongarra and Ranger 68.

GPN's Announcement today

The worked out uranium mine of Nabarlek, which produced 12,000 tonnes of
uranium oxide at the high average yield of 1.95% U3O8 is close to the two
tenements. Geologists consider the Nabarlek area as a suitable exploration
model for the WAT because of the similar geological setting and geographical
proximity.

Nuclear Issues Briefing Paper # 34
December 2006

Today, all of Canada's uranium production is from unconformity-related deposits - Key Lake, Cluff Lake, Rabbit Lake (all now depleted), and McClean Lake and McArthur River deposits. Other large, exceptionally high grade unconformity-related deposits currently being developed include Cigar Lake (averaging almost 20% U3O8, some zones over 50% U3O8).

The deposits in the Athabasca Basin occur below, across and immediately above the unconformity, with the highest grade deposits situated at or just above the unconformity (eg Cigar Lake and McArthur River). In the Alligator Rivers region, the known deposits are below the unconformity and like their Canadian counterparts, are generally much lower grade.

Uranium exploration in the Alligator Rivers region and Arnhem Land has been restricted since the late 1970s because of political and environmental factors. Much of the Alligator Rivers region and Arnhem Land have only been subjected to first pass exploration designed to detect outcropping deposits and extensions of known deposits, eg Jabiluka 2 was found by drilling along strike from Jabiluka 1.

There has been very little exploration to locate deeply concealed deposits lying above the unconformity similar to those in Canada. It is possible that very high grade deposits occur in the sandstones above the unconformity in the Alligator Rivers/Arnhem Land area.
......................................................................................................................................................................

Now if you do not consider their recent aqquisition from todays announcement as anything other than huge potential, well than sadly you do not agree with experts on uranium geology.

Unconformity related uranium deposits are the richest and from where most of todays U308 is mined from.

Those willing to research further may actually just find out how prospective this area really is.

Is it not possible that GPN beat other major companies to these newly available tenements before they could act on them.
It wouldn't be the first time that David beat Goliath at something????

The full article is at the start of this post or follow this link
http://www.uic.com.au/nip34.htm

By the way it is the first hit of 113,000 when you google uranium mineralisation just so you know I didn't look too hard to find the relevant FACTS!!!!