Uranium price started to Boom, page-4344

U40 prospect, right next to AGE!!... and gravity survey is going right to the border... Found this announcement from 2010 when they drilled U40 . What i also find very interesting is that there is higher values of copper, gold , platinum .

Question is, will the alligator want results for not only uranium but other mineral occurances ? ..
If U40 prospect channel continues in to AGE tennament with similar U values.. it will be epic .. 6% U308 is huge.

Also good to see Cameco sniffing around there too ..



Higher Uranium Grades Returned from U40 Prospect –
Nabarlek Project, Northern Territory
Final laboratory assays return intercepts of 6.8m @ 6.71% U3O8, 4.8m @ 1.85% U3O8
Australian uranium explorer Uranium Equities Limited (ASX: UEQ) is pleased to advise that
final independent laboratory assays have returned significantly higher uranium grades
compared with previously announced results from down-hole gamma probing at the U40
Prospect, part of its Nabarlek Joint Venture with Cameco Australia in the Northern Territory.
The U40 Prospect is located 10km east-north-east of the historic Nabarlek Uranium Mine
(Figure 1) within the 477km2 West Arnhem Joint Venture between Uranium Equities (40%)
and Cameco (60%).
Cameco has advised that final independent assay results have now been received,
returning significantly higher uranium grades than those determined by the down hole
gamma probe (see previous ASX Announcement – 21 October 2010) as follows:
NAD7492 6.8m @ 6.71% U3O8 from 75m(1)
(previously reported 6.65m @ 2.6% eU3O8 from 74.2m)
NAD7493 4.8m @ 1.85% U3O8 from 80.4m(1)
(previously reported 4.8m @ 1.39% eU3O8 from 79.8m)
The lithologies encountered in the drill holes are extremely altered, sheared and deformed.
Mineralisation occurs as pitchblende in massive blebs hosted within intensely altered rock.
The detailed structural controls of mineralisation are yet to be determined but structural
analysis of the diamond drill core suggests mineralisation is hosted within a steeply eastdipping shear zone striking north to north-west. NAD7493 appears to have been drilled at a
higher angle to the mineralisation and is probably a better indicator of the true width of
mineralisation on the drill section.
In addition, laboratory results have also revealed that the uranium mineralisation is
associated with elevated levels of gold, copper, palladium and platinum and anomalous
heavy rare earth elements. Results include:
NAD7492 7.3m @ 1.68% Cu from 74.5m(1)
4.5m @ 0.91g/t Au from 76.5m(1)
1.5m @ 0.54g/t Pd and 0.24g/t Pt from 78.5m(1)
NAD7493 8.3m @ 2.12% Cu from 77.4m(1)
3.1m @ 6.89g/t Au from 82.1m(1)
2.6m @ 1.57g/t Pd and 0.96g/t Pt from 82.6m(1)