Tibbs....well done!
This is definately it, PEN is going to be huge people.....Uranium assets in the US and Sth Africa........I am so excited......get ready people we are in for one hell of a ride to the top.
See the PacMag ann:
06 Feb 2007 PacMag secures Wyoming uranium project
In part.....
KEY POINTS
• PacMag has secured exclusive rights to portions of the advanced Sundance uranium project in Wyoming USA, including major parts of the Oshoto uranium deposits.
• Historical drill intersections from the area acquired include; 3.8 metres (12.5 feet) @ 0.243% eU3O8, 3.5 metres (11.5 feet) @ 0.159% eU3O8, 6.2 metres (20.5 feet) @ 0.083% eU3O8 and 9.1 metres (30 feet) @ 0.056% eU3O8, with local vertical stacking of uranium roll fronts.
• Previous trial mining has demonstrated that the Oshoto uranium mineralisation is amenable to in-situ leaching. Wyoming is host to several former and currently operating uranium mines owned by companies such as Cameco, Rio Tinto and Cogema.
• Technical data covering the project, including a drilling database, is owned by PacMag, which will facilitate conversion of the previous resources and reserve estimates to JORC compliance.
• As previously foreshadowed, in order to focus on its advanced copper-molybdenum assets, PacMag is progressing negotiations regarding the possible divestment of the Company’s uranium portfolio, including this Wyoming uranium project.
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