From my neglected blog deeplode.com still relevant though. B4M is so different to many other deposits and so rich.
Friday, September 25, 2009 South Australian Government and AGS AGS and Heathgate will have a very profitable mine from existing announced resources. But so much more is yet to come. The geological landscape around B4M is so uranium rich that the Blue Bros are having sleepless nights. The recent announcement of more finds to the North of Beverly are a precursor to more announcements from B4M. The following is in the public arena but is it in the public awareness. But Mr Rann is well aware of the importance of B4M.
"Sam Walker (Team Leader — Project Facilitation, Mineral Resources Group, PIRSA) "The geological settings are different to the Beverley uranium system which is hosted in Miocene sand channel systems of the Namba formation. Four Mile mineralisation is within reduced Eocene sands and sandy siltstones interpreted to belong to the Eyre Formation which locally overlies Mesoproterozoic basement "
AGS Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held