cluong3000
Apart from the Hayes Creek tenement, which the buyer has already paid a deposit and still owes $900k, THX still 100% owns what has the potential to be a very good prospect, from past comments made by management, is the Sth Allamber, Cliff Sth prospect.
from the 6 Dec 2010 ASX announcement;
"The strong uranium-copper mineralisation discovered at both the Cliff South and Lucas prospects appears to be related to late stage granitic intrusions. This style of mineralisation has the potential to host a large tonnage uranium-copper resource and will be a target for exploration in 2011."
Take a look at the Following ASX announcements and you'll get an idea of what they're looking at with the minimal drilling done to date.
6 Dec 2010
7 Dec 2011
12 Dec 2012
The grades are good and getting better as they drill to the N.E.
I know Uranium is not the talk of the town at the present, but when things start to change, there's a possibility that THX has got a very nice prospect waiting to be drilled and possibily turned into a resource.
IMO
Regards
Dabru
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