Again please note that this an historical resource of the Daneros and Geitus leases from White Canyon. This is likely to be upgraded now given the grade cut-off is expected to be reduced given demand. In addition to this there is "substantial exploration potential on the Thompson Project." The Thompson project is what GDN is bringing to the joint venture. Covering 2,703 ha in Grand County, Utah; this area has a long history of Uranium mining, and several abandoned mines including the "significant Ringtail Mine" that could be conceivably be upgraded and put back into production.
From the GDN website about the Thompson project: "Previous drilling by the US geological survey located widespread uranium mineralisation on the company's tenements with intersection grades of up to 6% U3O8."
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
