A brief summary of what attracted me to BLR.
Koonenberry Base Metals: 100 % rights
5.75 mt @ 1.03 % cu, .35 % zn, 2.3 g/t ag, and .05 g/t au.
for 60,000 tonnes of copper.
Only 5 kms have been tested. 50 kms untested, which is agressively going to be explored by airbourne EM survey January, which should take 5-7 days, then followed by immediate drilling.
Past EM surveys here have been very close to minerilisation later found.
Peveril Deposit has shown grades like 7 meters @ 5.5 % cu and 11 meters @ 2.04 % cu.
News expected soon on Koonenberry.
Wyoming - Red Desert.
Eagle Prospect U3O8. Earning a 50% share.
Only 8 kms from Cylone. Previous old data has show grades ranging from 0.025% to 0.017%
Target resource is 2 mil pounds of U.
Open along strike in both directions. Considerable potential with infill drilling.
Shallow deposits.
JORC in the 1st Quarter.
25 kms from Sweetwater U Mill.
Cyclone Prospect U3O8. Earning a 50% share.
Previous average grades 0.04% to a high of 0.11% U.
3 Mil pounds target indicted from only 3 of 6 mineralised sand horizons...(hmmm 3 untested ? :)
Happening this drilling round.
Open in both directions.
They are going into STATE LEASE AREAS to evaluate them (more area claims??)
25 kms from Sweetwater U Mill.
Taylor Ranch (TR) U3O8 . 100% rights.
2.5 mil pounds U estimated at TR, North West prospect.
Close to (30kms) Canyon City Uranium Mill.
Mining/Processing in a Uranium friendly environment.
Possibility hinted at gold as well.
Extensice drillling March 2007.
Further testing of the high grades at the North West (37,000 ppm or 3.7 %)
JORC 1st Quarter 07.
TR is very close to the Hansen deposit which has 30 mil pounds of U3O8 :)
Ferris - Haggerty Copper Mine. Earning up to 90 % interest.
55,000 tonnes of copper
No modern exploration or drilling.
Estimated 1mt cu at 5-6% and 3-4 g/t of gold.
Confirm reserves and test for exploration in 07 (2nd Q I think)
JORC Mid-07.
Fesibility study Mid 07.
Other considerations for BLR in general.
1. 47 % of shares held by top 20.
2. Near term production.
3. Looking for more aquisitions.
4. Very good upside potential for ALL projects.
5. 3.5 (approx) million dollars in the bank.
6. Field office being set up in the USA.
7. Agressive exploration planned for all projects in 2007.
8. Rio not selling the Sweetwater Uranium Mill anymore (acknowledge Brantley)
9. Solid Management team.
10. Massive increase in volumes over the last 3-4 weeks with expected rise in SP. (and still good value at present IMHO)
11. Other interested parties...interested (POSSIBLY) in BLR. Cotters, Cameco (who owns Uranerz)...(Acknowledge Tibbs)
If these facts (In all honesty correct) interest you, then I'd suggest getting into research mode over the weekend. Next week and beyond, the whole picture could resonably be expected to change....for the better of present holders :)
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