re: bikini drill results
The new resource estimate will be very interesting. From today's announcement - "The Bikini uranium deposit is one of the targets being drilled in Summit’s Mount Isa Uranium Project in northwest Queensland where resource definition drilling and metallurgical testwork is now underway on eight separate uranium deposits. All eight deposits are located within 60 kilometres of Mount Isa city. SUMMARY - Sufficient holes have now been completed at Valhalla, Andersons, Skal, Bikini and Mirrioola to commence, when combined with previous drilling results, calculating new resource estimates. Drilling is now underway at Tjilpa, Warwai and Watta. The objective is to have sufficient density of drilling and sampling in each deposit and, on receipt of all drill assays, calculate JORC compliant resource estimates for each of the eight deposits in 2006."
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held