bum's rush, page-47

Excerpt from NUP site. Its hard to believe but this may be even better. Norm also mentioned it as possibly better. Who knows??????




thaCobar II Uranium/Gold/PGM Project
The Cobar II orebody comprises a shear zone in basalts of the Seigal Volcanics overlying Westmoreland Conglomerate.

Cobar II produced very high grade ore with reports of 78 tons of hand picked material grading 10.25% U3O8, treated at Rum Jungle. Kratos Exploration reported a rock chip sample assay of 5.2% U.

The known structure at Cobar II is 130m long and 7m wide (but also reported as 11m wide). Geophysics suggests it is open to the north. NuPower considers Cobar II to be prospective also for gold and PGM and to hold the possibility for sandstone hosted uranium in Westmoreland Conglomerate 100-200m below the surface prospect.

In 2009, NuPower intends to undertake a limited drilling program on Cobar II to determine the extent of addition mineralisation, assess the gold and PGM potential, and, if feasible, proceed to define a JORC compliant resource.