uranium phosphate and lead

i pinched this from cefadog on another website

D






ASX:URM uranium phosphate and lead
Post #244130 by: cefadog
Reads: 5 Position: Holds Report Abuse 24-06-2008 08:16
IP 220.238.xxx.xxx
PRO Member


yes im ramping and why not,look at what is to be released over coming weeks and months,i tell you this is a ten bagger...................................................................BOX HOLE MVT (MISSISSIPPI VALLEY TYPE) LEAD-ZINC PROJECT
Programs conducted over Uramet’s Box Hole lead-zinc project area during the
quarter included:
• Mapping and surface sampling (soil, rock, and vegetation)
• Field inspection of proposed drill targets
• Interpretation of helimag data
Mapping and surface sampling at Box Hole has defined extensions to previously
known surface lead-zinc mineralisation. Soil sampling using a Niton portable XRF
analyser has indicated that lead and zinc mineralisation noted in outcrop also
continues undercover in places (figure 3.)
Figure 3: “Lead in soil’ imagery with mapped surface lead and zinc mineralisation, and
interpreted faults overlain on aerial photography at Box Hole
Quarterly Report March 2008 Page 4 of 12
In conjunction with the mapping and surface sampling, field inspection of
proposed drill targets has demonstrated that several of the IP anomalies
correlate well with surface mineralisation, which is significant as it indicates a
continuation at depth of the mineralisation.
Magnetic data (“helimag”) was collected as part of the helicopter-borne VTEM
surveys flown in 2007. Interpretation has revealed a correlation between helimag
features and known surface mineralisation at Box Hole. The helimag data has
also proved useful in helping to define faults which may have acted as conduits
for the mineralisation.
Both the field work and the helimag interpretation carried out during the Quarter
are highly encouraging, with drill testing of targets due to commence in May.
BOAT HILL AND DESERT SYNCLINE BASE METALS AND URANIUM
Interpretation of Boat Hill helimag has delineated five new magnetic anomalies
M2 to M6, and confirmed another anomaly (M1) that was previously identified as
Anomaly CWN-148 from regional aeromagnetic data. M1 has been modelled as
occurring at about 200m below ground level, well within the range of
conventional RC drilling. It is located directly below base metal prospective
Thorntonia Limestone strata and is located on a major gravity gradient structure
coincident with a VTEM anomaly. One interpretation is that M1 represents a
deep magnetic feeder system below higher level mineralisation. Anomalies M2 to
M6 are all modelled at depths of between 300m and 450m below ground level.
Figure 4: Boat Hill helimag image showing anomalies M1 – M6
Quarterly Report March 2008 Page 5 of 12
WILORA PALAEOCHANNEL CALCRETE URANIUM PROJECT
A VTEM survey was flown over the north western end of the Wilora
palaeochannel last year to help define the lignite uranium targets deeper in the
palaeochannel. The associated helimag coincidentally highlighted a “bulls eye”
anomaly approximately 1200 metres long and 800 metres wide. Preliminary
interpretation gives an estimated depth to the source of the anomaly of 800
metres. Another similar anomaly occurs nearby just outside of the VTEM survey
area, but visible within the regional aeromagnetic data, estimated to be 850 to
900 metres below surface. Uramet considers these anomalies very interesting as
possible IOCGU targets and will conduct a gravity survey over them in 2008.
FORTHCOMING WORK
• Box Hole MVT Lead-Zinc Project – Drilling
• VTEM Interpretation and Target Generation
• Field Inspection of VTEM Targets
• Helicopter Assisted Gravity Surveys at Mt Skinner and Wilora
Figure 5: Helimag image showing “bulls eye” anomaly
Quarterly Report March 2008 Page 6 of 12
TABLE 1: TENEMENT SUMMARY
Project Tenement Name Type &
Number
Date
Granted or
Renewed
Held By Area
km2
Northern Territory
Box Hole Dulcie1 EL22537 16Jul07 URM 108
Boat Hill-Red Heart Marqua SEL1 SEL24769 9Aug06 URM 971
Toko Range Toko SEL1 SEL24768 9Aug06 URM 794
Field River,
Desert Syncline
Field River1 EL24693 13Dec05 URM 1,540
Wilora-Mt Skinner Central Mt Stuart1 EL25366 11Jan07 URM 1,422
Wilora-Mt Skinner Mt Skinner1 EL25367 21Feb07 URM 1,284
Wilora-Mt Skinner Harper Springs1 EL25574 30Jul07 EDN 144
Wilora-Mt Skinner Mt Skinner East1 EL25573 30Jul07 EDN 83
Wilora-Mt Skinner Prince Henry1 EL25610 31Aug07 EDN 32
Wilora-Mt Skinner Millionaires Well
South
EL26025 3Dec07 URM 109
Wilora-Mt Skinner Millionaires Well EL25993 19Nov07 URM 258
Wilora-Mt Skinner Millionaires Well
Central
EL26543 Application URM 32
Corella Lake Corella Lake
West3
EL25992 29Oct07 URM 199
Queensland
Listore Creek Listore Creek6 EPM16552 Application URM 307
Thorntonia Seymour River2,4 EPM15014 21Aug06 EDN 272
Thorntonia Thornton River2,5 EPM15015 21Aug06 EDN 240
Toko Range Cravens Peak2 EPM15083 13Feb06 EDN 123
Toko Range Cravens Peak
North2
EPM15230 31Oct06 EDN 316
Total
Area 8,234
Abbreviations: URM = Uramet Minerals Ltd, EDN = Elkedra Diamonds NL, EL = Exploration Licence,
SEL = Substitute Exploration Licence and EPM = Exploration Permit Minerals.
Notes
1. EDN retains the diamond exploration and mining rights on URM tenements previously owned by
EDN.
2. URM holds the non-diamond exploration and mining rights on tenements owned by EDN.
3. Corella Lake is subject to Native Title Claim NTD6001/03.
4. Seymour River is subject to Native Title Claims QC99/023 (Waanyi), QC05/012 (Kalkadoon) and
QC02/036 (Indjilandji-Dithannoi).
5. Thornton River is subject to Native Title Claims QC05/012 (Kalkadoon) and QC02/036 (Indjilandji-
Dithannoi).
6. Listore Creek is subject to Native Title Claims QC02/35 (Mithaka) and SC97/3
(Wangkanggurru/Yarluyandi)
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ASX:URM re: uranium phosphate and lead
Post #244131 by: cefadog
Reads: 3 Position: Holds Report Abuse 24-06-2008 08:20
IP 220.238.xxx.xxx
PRO Member


this quarter we have phosphate drilling over 16 square kilometres with some samples as high as 32 %.we have uranium drilling on 5 major anomolies which could host an ioocg system.we have lead drilling n,this is going to be a very exciting quarter for urm,i still predict this to be a ten bagger,plus uranium predicted to go sky high as well,this mob have it all,the hottest minerals on the market
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