Important caveat in the release - you should read:
"These
results are interim and assaying and interpretation of assays continues
XRF analysis of samples is from a Niton XRF hand held analyser and are
indicative assays that will be confirmed by chemical assay should the need
arise. The laboratory and XRF results have shown the uranium is in
disequilibrium. Disequilibrium is prevalent in sandstone hosted uranium
deposits and it is not uncommon that the higher levels of uranium occur
outside of the zones of gamma radiation.
Results to date indicate this type of uranium deposition exists at Lake
Surprise.
The Lake Surprise project covers some 3000 sq km and the two prospect
areas currently being explored, Clayton and Mumpie cover more than 300 sq
km. The Clayton Basin is centrally located in the project area whilst Mumpie is
located approximately 40kms south east of Clayton Basin
The drilling programs at Clayton Basin and Mumpie were designed to follow
up on early exploration that had identified uranium anomalies over large areas
from radiometric surveys and preliminary field work."
This means there is more to come. I am sure there will be further clarification at the AGM on Friday.
DYOR
PKT
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