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Subject in for a big day ! acumulate $1 vsoon
Posted 07/07/05 08:12 - 47 reads
Posted by castaway
IP 144.134.xxx.xxx
Post #641664 - start of thread - splitview

in for a big day ! acumulate $1 vsoon
could crack $1 and beyond next week, a hot bit of dirt get some if anyone knows hotter let us know!!! dont forget get some hav as said before they are founders with 50%.
many other great tenaments re: hav posts

Voluntary Disclosure: Position Sentiment: LT Buy TOU violation






Subject re: in for a big day ! acumulate $1 vsoon
Posted 07/07/05 09:54 - 59 reads
Posted by falcon2000
IP 147.10.xxx.xxx
Post #641750 - in reply to msg. #641664 - splitview

Further Level 1, 22 Oxford Close, West Leederville WA 6007
PO Box 396, West Perth WA 6872
Telephone: (08) 9380 4600 Fax: (08) 9381 5911
Web: www.cazalyresources.com.au
4th May 2005
ASX Release
New Uranium Projects
Cazaly Resources Limited (ASX Code: CAZ) has made priority applications for two Exploration
Licences situated in the Gascoyne region of Western Australia. The two applications lie some
150 kilometres apart and are called the Pells Range (ELA09/1193) and the Jailor Bore
(ELA09/1194) projects and are deemed to be particularly prospective for Uranium
mineralisation.
The Pells Range project contains some very significant historical results including rock samples
up to 1.95 kg/t U3O8 and drilling results including 0.4m @ 0.8 kg/t U3O8 from drilling spaced at
1,600 metres and has yet to be followed up. Classic “roll front uranium” mineralisation styles are
recognised at Pells Range.
The Jailor Bore project surrounds known mineralisation at Jailor Bore, which is excised from
the application area, and is prospective for calcrete hosted uranium mineralisation numerous
occurrences of which occur throughout the area.
Pells Range
The Pells Range project lies within the Lower Palaeozoic Mernleigh sub-basin of the Carnarvon
Basin. The area is prospective for roll front uranium style of mineralisation occurring within the
more carbonaceous sediments of the Moogooloo Sandstone unit. Historical drilling within a
major regional flexure of this unit has identified several uranium anomalies. Previous exploration
in the late 1970’s included regional radiometric surveys, rock and water bore sampling, mapping
and drilling. Drilling was completed on 1,600 metre centres however, little record of analyses is
been presented. Where available several intervals of significant uranium mineralisation is noted
including several narrow zones of high grade uranium highlighting the potential of the region.
Observations on the mineralisation include; the association of mineralisation with more oxidised
portions of the Moogooloo Sandstone in particular in areas of regional flexuring, an association
with more carbonaceous units and sandstone channelling and a marked increase in
mineralisation towards the basin margins. The project occurs in an ideal environment for the
development of classic roll front uranium mineralisation. In this model uranyl ions are
transported by oxidising ground waters and are precipitated out when they come into contact
with a reducing environment such as those presented by carbonaceous sediments. Uraniferous
minerals such as weeksite, coffinite and uraninite are subsequently deposited at this redox
boundary producing a roll front uranium deposit. Deposits of this style include the Maningee
Deposit (6.4Mt @ 1.2 kg/t U3O8) owned by Paladin Resources Ltd. and is situated along the
eastern margin of the Carnarvon Basin.
Jailor Bore
The Jailor Bore project covers a suite of basement granitoids, schists and gneisses which are
overlain by early Palaeozoic sediments. Uranium occurs in calcreted palaeodrainage sediments
with carnotite, a uranium-vanadium mineral, being the dominant uranium bearing mineral. The
basement rocks are thought to be the source rocks for the uranium which is transported through
oxidised groundwaters before being precipitated into the calcretised horizons. Numerous
occurrences of carnotite have been observed within the terraced calcrete deposits along the
flanks of the major creek systems in the area. Previous exploration has only been of a broad
reconnaissance nature but was successful in defining specific areas requiring further work.
Other deposits of this type include the Yeelirrie Deposit (35Mt @ 1.5 kg/t U3O8) situated in
Western Australia and Langer Heinrich (46.2Mt @ 0.7 kg/t U3O8) situated in Namibia.
Uranium Market
The Company recognises that there continues to be a bullish outlook for the uranium market.
Demand is forecast to outstrip supply for at least the next ten years and the pricing for U3O8 has
moved quite appreciably in recent times for both the spot and long term markets. Spot prices
have moved from US$7.00 /lb (December 2000) to US$24.00 /lb U3O8 (April 2005). Demand is
being driven not only by end users (nuclear plant construction in China, India and Russia) but
also by market speculators who are aiming to stockpile U3O8 to benefit from continuing rising
prices. The Pells Range and Jailor Bore projects give the Company some exposure to this
rapidly growing market.
Yours sincerely
Nathan McMahon
Managing Director
I
nformation in this report pertaining to mineral resources and exploration results was compiled by Mr. C.B Jones who is a Member of
the Aus.I.M.M with not less than 5 years experience in the relevant fields, and who consents to the report appearing in the form and
context in which it appears.Gold Mineralisation Outlined from RC Drilling

Voluntary Disclosure: Position Sentiment: None TOU violation




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