In summary GLA presents a compelling investment opportunity based on the recently updated uranium grades from the South West Corner (SWC) target trench assays. The re-analysis of samples exceeding the detection limit of 4245ppm U3O8 reveals exceptionally high grades, with the top samples reaching 7139 and 4442 ppm U3O8, indicating significant potential for premium-grade uranium deposits.
Notably, the uranium mineralization is hosted in coarse sandstone, resembling the Nyota deposit located 50 km to the north, which boasts a substantial Measured and Indicated Mineral Resource Estimate of 124.6 Mlbs U3O8.Moreover, recently acquired radiometric data indicate that the North and South Limb zones may collectively span approximately 3 km in surface strike extent, although the down-dip extent remains unknown. The upcoming exploration plan involves core drilling in Q2 2024 to test these zones, as they have seen minimal drilling activity since the promising shallow-hole (<15 m) auger drilling in 2008, which yielded excellent results.In summary, the outstanding uranium grades, substantial thickness of mineralized layers, geological similarities to proven deposits, and the upcoming core drilling program position makes GLA an attractive investment opportunity with strong potential for significant uranium resources in the South West Corner.
AIMHO - DYOR
- Forums
- ASX - By Stock
- GLA
- Ann: Updated Uranium Grades achieve up to 7139ppm U308 in SWC
Ann: Updated Uranium Grades achieve up to 7139ppm U308 in SWC, page-10
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLA (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $10.61M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.4¢ | $4.101K | 292.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1364343 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 173555 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1364343 | 0.012 |
5 | 858909 | 0.011 |
5 | 950400 | 0.010 |
2 | 511100 | 0.009 |
2 | 370000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 173555 | 2 |
0.015 | 1153091 | 3 |
0.016 | 100000 | 1 |
0.017 | 8938 | 2 |
0.018 | 355555 | 2 |
Last trade - 11.52am 18/10/2024 (20 minute delay) ? |
Featured News
GLA (ASX) Chart |