re: going... going...
It certainly is good to see this one just keep on rising. These were some of my posts in Sept last year. I've followed it from 4.6c.
With Geochemical analysis confirming anomalous uranium values as high as 2550ppm it's full steam ahead at the Beverley 4 Mile Prospect. Quasar has commenced drilling at least 40 holes(8000metre)this week. A second Drilling Rig starts next week. A Native Title Heritage survey has been completed which has opened the way for drilling. A 171 line kilometre Electromagnetic survey has been completed and is being interpreted and modelled by Quasar. The host sediments are considered to be equivalent to the Eyre Formation, (host rock to the Honeymoon(approx 7900T U308) and Goulds Dam(approx 17600T U308) Uranium deposits),within the Southern Frome Basin. The neighboring Beverley Uranium Mine has a 21000T U308 Deposit extractable by In Sutu Leaching. It is highly prospective and well worth a look but also is highly speculative so DYOR.
AGS have produced excellent High Grade drilling results for Gold at Maldon on 3 occasions(up to 0.85m @ 114.19g/t gold). The Beverley 4 Mile Prospect has had great 1st up drilling results(up to 5.5m @ 0.40% U308). It's prospective enough for Quasar Resouces,(an affiliate of Heathgate Resources-owner/operator of Beverley Uranium Mine),to be a JV partner and recommend an extensive drilling program to delineate the mineralisation.The Arkaroola Tenament borders the Beverley Uranium Mine. This company is well ahead of most companies that are talked about all the time.
Gawlor Craton..Yes. This is regarded as their MOST encouraging prospect! It's a 10km magnetic and offset gravity anomaly at Eurelyana,S.A. A minor drill was done that intersected 0.17% Cu. Very early stages.
This stock has already established itself with Gold and Uranium with intersections of between 10 and 141 g/t Gold and 5.5m @ 0.40% u308. The Beverley 4 Mile Prospect borders the Beverley Uranium Mine and is now a JV with Quasar Res(an affiliate of Heathgate Res). It's one of the best speculative buys on the market.
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held