"Highlights Assays confirm uranium mineralisation with grades to 1,160ppm (0.1116%) U3O8 Molybdenum grades confirmed in excess of 2,000ppm Two priority drill targets confirmed."
Page 2 contained extract: "The geochemical U3O8 assays confirmed the radiometric eU3O8 grades at each site where samples were collected. In many cases higher grades were reported by geochemistry reflecting the lower sensitivity of radiometric analysis by scintillometer to high grade uranium mineralisation.
The variability in the Mo grades from the limited initial sampling is not surprising as molybdenum is usually located slightly above or offset from the uranium mineralisation in this style of deposit in the Karoo, and therefore sampling higher radiogenic material will underestimate the Mo potential. This makes the assay of two samples with Mo grades in excess of 1,000ppm very encouraging. Detailed sampling followed by drilling will define the location and tenure of the Mo mineralisation at each anomalous zone."
---------------------------- back to work. Not very detailed but shows the begining of a good by product (my definition of Mo).
PEN Price at posting:
4.5¢ Sentiment: None Disclosure: Held
