SRT 0.00% 16.0¢ strata investment holdings plc

interesting check it out, page-6

  1. 7,761 Posts.
    Good morning Alpha,

    In September 2007, RSL's announcement stated:

    Dear Sir

    Update on Mt Alfred Tenement
    Under an Agreement for Sale of Assets
    and Subscription of Securities dated
    26 July 2007, between Red Rock Resources
    plc (Red Rock) and Retail Star Limited
    Retail Star), Retail Star acquired the
    right to explore and mine for Uranium
    on the Mt Alfred Tenement E29/581, as approved by shareholders at a general meeting held
    on 6 August 2007.

    Red Rock and Retail Star had agreed that
    as soon as practicable after Settlement, they would negotiate in good faith the terms of a
    joint venture agreement to govern access to,
    exploration and mining of the Uranium
    Rights in relation to E29/581. The Directors
    are pleased to announce that this agreement
    has now been completed.

    The Mt Alfred Tenement is located 130km west
    of Leonora in Western Australia, covering an area of
    210.5km2. It covers the western portion of the same prospective drainage channel in which the neighbouring
    McPherson’s Bore prospect lies (E29/587: 80% Encounter Resources Limited, 20% Avoca Resources Ltd).

    Encounter recently announced uranium
    intersections in drilling of McPherson’s Bore.
    Uranerz (Australia) Pty Ltd also intersected
    anomalous uranium (≥1 metre at ≥100ppm U3O8)
    in three shallow auger holes, drilled on
    the southern edge of the current Mt Alfred
    lease during 1976.

    **********
    Retail Star is in the
    final phase of planning the evaluation of the
    untested part of the lease. Work on the ground
    is expected to commence shortly.
    *********


    Then on 23rd November, their Uranium Update stated:


    Mt. Alfred:
    Phase 1 (2007-08):

    1. Collate geology, geophysics, geochemistry: Q4 2007

    2. Portable radiometrics/sampling over drainage channel. Confirm Uranium chemistry : Q4 2007

    ************
    3. Coarse-spaced auger/air-core drilling on eastern side of lease. Confirm location of Uranerz anomalies and test remainder of eastern zone.: Q2 2008

    ************

    Phase 2 (2008-09):
    4. Coarse-spaced drilling over selected areas of rest of drainage channel

    Q3-4 2008

    5. In-fill aircore drilling

    Q1 2009
    Targets: Uranium in near-surface calcrete and in deeper sandy sediments where redox boundaries may occur.



    Cheers,
    Tangrams




 
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