So I thought I'd hand this over to AI and fed the whole announcement into https://www.perplexity.ai/ to see what it had to say.
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Attached are drill results for uranium. I would like you to analyse the results and compare them to drill results typically reported by other companies and tell me if you think these are poor, good or exceptional results for an ISR mine.
Based on the drill results provided for the Manyingee South prospect at the Yanrey Uranium Project, these appear to be good to exceptional results for an in-situ recovery (ISR) uranium mine. Here's an analysis of why:
- Grade and Thickness:
The results show several high-grade intersections with significant thicknesses. For example:These grades are considered high for ISR deposits. Typical economic ISR grades often range from 300-500 ppm U3O8, so intersections above 800 ppm are exceptional.
- Drill hole 24YRAC058 intersected 3.00 m @ 880 ppm eU3O8, including 2.40m @ 1,015 ppm eU3O8
.1- Drill hole 24YRAC056 intersected 1.38 m @ 673 ppm eU3O8, including 0.90 m @ 869 ppm eU3O8
.1When compared to other ISR uranium projects globally, these results are very encouraging. For example:
- Depth:
The mineralization is relatively shallow, with most intersections occurring between 50-80 meters depth. This is favorable for ISR mining, as shallower deposits are generally more economic to extract.1- Continuity:
The results demonstrate continuity of mineralization over at least 2 kilometers along a north-south trend, which is open to expansion. This suggests potential for a significant resource.1- Multiple Horizons:
Many drill holes show multiple mineralized zones, indicating stacked roll-front deposits. This is advantageous for ISR mining as it allows for multiple extraction horizons.1- Comparison to Known Deposits:
The Manyingee South prospect is located 4.5 km south of Paladin's Manyingee Deposit, which is described as a "globally renowned ISR uranium deposit". The similarities in stratigraphy and mineralization style suggest Manyingee South could be of similar quality.1- Palaeochannel Width:
The mineralization has been intersected across a width of ~600 m, which is open to the east and west. This indicates a wide mineralized palaeochannel system, which is favorable for ISR operations.1The grades and thicknesses reported at Manyingee South are comparable to or exceed these operating ISR mines.In conclusion, based on the grade, thickness, continuity, and geological setting, these drill results can be considered good to exceptional for an ISR uranium project. However, further drilling and economic studies would be needed to fully assess the project's potential.
- The Honeymoon ISR project in Australia has an average grade of 620 ppm U3O8.
- The Lance ISR project in Wyoming, USA, has average grades around 480 ppm U3O8.
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