DiscoveryUraniumSA Limited is pleased to announce the discovery...

Discovery
UraniumSA Limited is pleased to announce the discovery of sediment-hosted uranium in its Mullaquana tenement on the Eastern Eyre Peninsula. Uranium mineralisation at grades averaging 0.010% eU3O8 was encountered over widths of between 0.31m and 1.92m in two of the first five holes drilled. This is a new discovery of uranium mineralisation in a geological setting that is distinctly different to that of conventional sediment-hosted systems, and in an area that has not previously been explored for uranium.
The Company announced it had commenced drilling at Mullaquana on Monday 26th November 2007 with its own Mayhew drilling rig and associated down-hole logging equipment(ASX release of that date). Uranium mineralisation was intersected in the first drill hole, MRM-001, and a photograph of that hole being drilled was included in the ASX announcement. A further significant intersection was obtained in drill hole MRM-004, collared 1 km to the west.

Isn't 0.01% U only 100ppm??? - Only 1.6m width. And in only 2/5 holes.

And USA is up 60% today...