uranium baby, page-42

re: good things come to those who wait vt123,
Lagoon Creek is the biggy for me.

If they find something it will be developed very quick as Laramide has 40 million pounds a skip away.

From earlier post...
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LAGOON CREEK--- NUMERO UNO SPECCIE U PLAY IN OZ, IMO. **********************************************
JV with Laramide (TSX.LAM.V).
When this JV was announce the Arafura S/p did not move, Laramide went up significantly and for a long time.
http://arafuraresources.com.au/documents/U...FactSheetDD.pdf
http://arafuraresources.com.au/documents/R...reekUranium.pdf
http://www.arafuraresources.com.au/documen...ofAgreement.pdf

"The Lagoon Creek uranium-gold prospect is located 400 km north east of Tennant Creek, Northern Territory, near the Queensland border.
The host rocks and geological structures in Lagoon Creek area are similar to those in the nearby Queensland Westmoreland deposits, which are reported to host over 20,000 tonnes of contained U3O8. Prospectors in the 1970s mined narrow high-grade uranium lodes at Lagoon Creek.
Previous exploration has defined mineralisation grading 2.4% U3O8 and 6.7 g/t Au over intervals of 1 to 20 metres.
A joint venture agreement with Laramide Resources Ltd allows Laramide to farm-in to Lagoon Creek Prospect. Exploration using modern techniques will be used to delineate further extensions to known mineralisation and identify new targets for exploration."

****HOW PROSPECTIVE IS THIS AREA?****
Arafura are pretty modest folk and they say;
"Previous exploration has defined mineralisation grading 2.4% U3O8 and 6.7 g/t Au over intervals of 1 to 20 metres."
Now I think 2.4% (and 1 to 20 mtr intervals... ) is heading in the right direction (hopefully end those posts complaining about bad grades at Nolans).
--One has to remember these were the days when drill holes went straight down, rather than the 60deg we see now.