Two reasons why this stock is going to fly apart from zinc.
(1) Sampling of the calcretes generated results of up to 2819 ppm (0.282%) U3O8.
A 42 square kilometre palaeochannel system with a strike length of 11 kilometres has been identified at Mile 72.
Eight calcrete samples were collected along 8 kilometres of the 11-kilometre strike length within the palaeochannel. Six of these samples returned ore-grade results of over 300 ppm (0.03%) U3O8.
Aggressive sampling is scheduled to start immediately.
(2) Look at the last report on Sherlock Bay 29 Jan 07
METALS AUSTRALIA OBTAINS 30% FREE CARRIED INTEREST OVER THE SHERLOCK BAY EXTENDED PROJECT.
The Sherlock Bay Extended project consists of three exploration licences, E 47/1226, 1227 & 1251 that cover more than 470 km2 and surround Australasian’s Sherlock Bay Nickel project
The Sherlock bay Nickel project has a current resource in excess of 100,000 tonnes of contained nickel metal, with an in-ground value of more than $4 billion, at current nickel prices.
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