It's a common price ramping tactic to release artificially high-grade rock-chip results collected non-systematically.
What I mean is it's easy for a geologist to go up to an outcrop and "pick the eyes" out of it. With uranium in particular it's simple to identify the high-grade zones using a scintillometer which measures radioactivity.
Rock chip results can be meaningful when;
1) they are collected over a systematic grid and the grid is at a close enough spacing to be representative
2) they are collected as representative channel samples over significant widths
I could go to most(outcropping) uranium prospects in Australia and easily get you high-grade rock-chip results.
Unfortunately, most of the market are not geologists and don't really understand these basic concepts. This allows some companies to take advantage.
As a few others have said today, a few high grade rock-chip samples are nothing compare to a mineralised drill or trench intercept.
BTW I hold THR
"Do your own DD"
Add to My Watchlist
What is My Watchlist?
