Previous exploration undertaken during 1960’s and 1970’s Comprised wide-spaced reconnaissance drilling with >550 holes drilled on the Project
Extensive mineralisation delineated At the Northwest Taylor Deposit exceptionally high-grade results returned included:
0.3m at 3.767% U3O8 or 37,670 ppm
0.6m at 0.95% U3O8 or 9,500 ppm
0.6m at 0.829% U3O8 or 8,290 ppm
0.45m at 0.536% U3O8 or 5,360 ppm
0.45m at 0.519% U3O8 or 5,190 ppm
1.95m at 0.284% U3O8 or 2,840 ppm
0.75m at 0.318% U3O8 or 3,180 ppm
0.75m at 0.313% U3O8 or 3,130 ppm
DEVELOPMENT STRATEGY:-
Compilation of historic data has commenced
JORC-compliant resource for NW Taylor Deposit anticipated early 2007
Extensive drilling programme to commence March 2007
Will confirm all priority anomalies/deposits
Will infill and test extensions of all deposits
Discussions to utilise uranium mill in Canon City to be initiated
Additional exploration/mining licenses to be secured
Additional JORC-compliant resources throughout 2007
Commence pre-feasibility study within 12 months
It's all there in the Investor Presentation - 17th January 2007 :- http://sa.iguana2.com/cache/eacba50fff926f79f6f7e189635a3e5b/ASX-BLR-348547.pdf
If you missed it, the company has announced these are "exceptionally high-grade results" and an extensive drilling programme is to commence March 2007.
Also they expect to commence pre-feasibility study within 12 months.
It will be the early "UNHEDGED" new U308 producers which should benefit the most from current record level U308 prices:- and discussions to utilise uranium mill in Canon City are to be initiated
Cheers to all the long term holders.
BLR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
