RRS 0.00% 0.1¢ range resources limited

load up, page-53

  1. 2,629 Posts.
    lightbulb Created with Sketch. 1
    re: ***** uranium update soon********************* Just to add a little more information for those interested please see the following:

    http://www.frontierpacific.com/macusani.htm

    Macusani Project - Peru
    ***************
    Project Highlights
    ***************
    * Assays returned values from 1.5% to 28% U3O8 (uranium oxide)
    * 30,000 hectares of mineral concessions in Southern Peru
    * Over 60 uranium showings and anomalies
    * Uranium price has tripled in five years to US$23.50/pound
    * World demand for uranium exceeds supply
    * Exploration commencing in May 2005


    The Macusani Project is located in the Macusani district of Southern Peru. The Project mineral concessions total 30,000 hectares (300 square kilometres) and cover over 60 uranium showings and anomalies identified by the Peruvian Institute of Nuclear Energy (“IPEN”).

    The uranium mineralization was confirmed by geologists of Solex, and examined with a scintillometer and a short wavelength ultraviolet lamp by Mohan R. Vulimiri, M.Sc., P.Geo., a director of Frontier Pacific. Mr. Vulimiri is the qualified person responsible for the project with the Company. Nineteen (19) grab samples from a number of prospects with underground and surface workings were collected by Solex geologists, examined by Mr. Vulimiri and sent in for analyses. Fifteen (15) samples returned assay values ranging from 1.5% to 28% U3O8. The samples were analysed at ALS Chemex Labs, North Vancouver, BC, and at SRC Analytical Labs, Saskatoon, Saskatchewan, Canada. Uranium mineralization, in one of the showings with three interconnected underground adits, is exposed over an area of 100 metres by 30 metres.

    According to recent reports by IPEN, the uranium mineralization is present in the ignimbrite units of Pliocene-Quaternary age. The uranium mineralization occurs in fractures 1 cm to 10 cm in thickness. The most common mineral is meta-autunite and weeksite in certain districts and pitchblende in others. The wallrock was also observed to carry disseminated mineralization comprising of mostly the mineral gummite, and appears to be restricted in ignimbrite units up to 25 meters thick. Other minerals identified are autunite, torbenite, fosforanilite and renardinite.

    Phase 1 of the exploration program began in the first week of May 2005. An engineering report conforming to the National Instrument 43-101 guidelines began at the same time. The report will be authored by Roscoe Postle Associates of Toronto, Canada and the work program will supervised by Dr. W.J. Scott, Ph.D., P.Eng. of GeoScott Exploration Consultants, a qualified person under the National Instrument 43-101 guidelines.

    ======================

    http://www.frontierpacific.com/newsReleases/nr2005apr21.htm

    Uranium mineralization was confirmed by geologists of Solex, and examined with a scintillometer and a short wavelength ultraviolet lamp by Mohan R. Vulimiri, M.Sc., P.Geo., a director of Frontier Pacific. Mr. Vulimiri is the qualified person responsible for the project with the Company. Nineteen (19) grab samples from a number of prospects with underground and surface workings were collected by Solex geologists, examined by Mr. Vulimiri and sent in for analyses.

    Fifteen (15) samples returned assay values ranging from 1.5% to 28% U 3O 8. The samples were analysed at ALS Chemex Labs, North Vancouver, BC, and at SRC Analytical Labs, Saskatoon, Saskatchewan, Canada. Uranium mineralization, in one of the showings with three interconnected underground adits, is exposed over an area of 100 metres by 30 metres.

    According to recent reports by IPEN, the uranium mineralization is present in the ignimbrite units of Pliocene-Quaternary age. The uranium mineralization occurs in fractures 1 cm to 10 cm in thickness. The most common mineral is meta-autunite and weeksite in certain districts and pitchblende in others. The wallrock was also observed to carry disseminated mineralization comprising of mostly the mineral gummite, and appears to be restricted in ignimbrite units up to 25 meters thick. Other minerals identified are autunite, torbenite, fosforanilite and renardinite.

    On behalf of the Board of Directors

    "Peter F. Tegart"
    Peter F. Tegart, P. Geo.
    President & CEO
 
watchlist Created with Sketch. Add RRS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.