uranium potential looks very real

The Posters on the NUP Thread have been looking for more information re a recent Announcement by their Company NUP of more drilling results from NUP's Eva prospect so the following was Posted IN nup for their considerations:-


viewpoint from over the fence at rcp (moly)
Forum: ASX - By Stock (Back)
Code: NUP - NUPOWER RESOURCES LIMITED ( 8c | Price Chart | Announcements | Google NUP)
Post: 5112228 (Start of thread) Views: 9
Posted: 03/03/10 12:15 Stock Price (at time of posting): 8c Sentiment: LT Buy Disclosure: No Stock Held From: 210.10.xxx.xxx

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Hello all(in NUP), A Quote from an RCP (then RBM) Announcement last Year which gives You some more information about the potential of the Calvert Fault region, which is showing very good Assays compared with some that we have been seeing from Africa..
Quote from the then RBM now RCP :-
We will also conduct spectrometer work in addition to the geophysical surveys on Redbanks ERL94 license area, he said. Mr Morrin said our new tenements, as well as tenements currently under applications, offer uranium potential. In February 2009, Redbank was granted five new exploration tenements close to the Redbank mine site and ERL94. The geology in the license area includes stratigraphic horizons in the Echo Creek sandstone known to be anomalous for uranium and phosphates elsewhere in the region. The uranium potential of the broader tenement area acquired recently will become clearer in the next couple of months, when the first comprehensive collation of previous exploration is completed, he said. Redbank announced in March it is the sole applicant for the additional and contiguous tenements numbered EL 27240 and EL 27241. These are in a known uranium region, and ground within these tenements has a strong radiometric signature, Mr Morrin said. The two tenements are located 50km North West of the Westmoreland deposit owned by the Canadian uranium developer Laramide Resources Limited, through its Australian operating subsidiary Lagoon Creek Resources Pty Ltd.
Laramide (www.laramide.com) report that the Westmoreland deposits contain a Canadian 43101 compliant indicated mineral resource(1) of some 8Mt @ 0.09% U308 containing 15.6 Mlb of U308, and an additional inferred mineral resource of 16Mt @ 0.09% U308, containing 32.9 Mlb of U308, which places it in the top ten undeveloped uranium resources in Australia. Historic uranium production occurred from the Cobar 2 (35km south of Redbank) and the Eva/Pandanus Creek mines (50km south of Redbank mine) uranium mines in the late 1950s and 1960s, where hand-sorted pitchblende ores were treated at Rum Jungle. Historic production from Eva was reported at 312 tonnes averaging 8.37% U308 (2). The Pandanus Creek area is currently held by Rio Tinto. For further information, please contact: Bruce Morrin Warrick Hazeldine / Ryan McKinlay Managing Director Purple Communications Tel: +61 (0)488 770 553 Tel: +61 (0)8 9485 1254 Mob: +" End Quote
Yes keep prospecting there NUP because it looks like what's good for NUP may also be good for RCP without RCP having to 'detour' from its present Copper Mining Focus and setting up a Cash flow situation at Redbank.

No responsibility taken for any losses in association with this Posting.

Regards,

moly