donnie
12-10-2006, 09:38 PM
CUY looked like a good trading stock over the last year or so. We could see this one drift back down in the next few month.
URANIUM DISCOVERY AT OBAN PROSPECT
Curnamona Energy Limited is pleased to announce that potentially economic
intersections of uranium have been made at the Oban Prospect in Tertiary
palaeochannel sands, within EL 3181.
Drilling over the past few days has returned better results as follows :
Drillhole Metres eU3O8
CEY 05 5.75 0.03%
CEY 07 2.6 0.112%
CEY 08 3.3 0.108%
(by applying a cutoff grade of 0.01 % eU3O8 based on gamma log responses).
Six of the eight holes drilled to date have returned grade x thickness (GT’s) of greater
than 0.1 metre % eU3O8, which are considered to be economically significant. Two
holes contained peaks of 0.4% eU3O8 .
The Oban prospect is hosted by the same palaeochannel sand formation as the recent
Beverley 4 Mile uranium discovery of Alliance Resources / Quasar Resources and
also the proposed Honeymoon in situ leach uranium mine. It lies approximately 60
kilometres north of the Honeymoon deposit and 55 kilometres northwest of Broken
Hill in northeastern South Australia (see map).
Drilling at Oban is focussed on what is interpreted to have been a swampy
embayment in the palaeodrainage where pyritic, organic-rich sands accumulated and
provided a favourable entrapment environment for uranium. The initial target area
covers roughly 4 square kilometers and is defined by a discrete gravity low that is
believed to be reflecting a shallow depression, flanked to the north and west by
higher ground. Within this prospective area, Curnamona Energy has so far obtained
potentially economic uranium intersections within an east-west trending zone....
http://sa.iguana2.com/cache/61d1e0790e5551d5ef6bcc957bfc23c2/ASX-CUY-154177.pdf
URANIUM DISCOVERY AT OBAN PROSPECT
Curnamona Energy Limited is pleased to announce that potentially economic
intersections of uranium have been made at the Oban Prospect in Tertiary
palaeochannel sands, within EL 3181.
Drilling over the past few days has returned better results as follows :
Drillhole Metres eU3O8
CEY 05 5.75 0.03%
CEY 07 2.6 0.112%
CEY 08 3.3 0.108%
(by applying a cutoff grade of 0.01 % eU3O8 based on gamma log responses).
Six of the eight holes drilled to date have returned grade x thickness (GT’s) of greater
than 0.1 metre % eU3O8, which are considered to be economically significant. Two
holes contained peaks of 0.4% eU3O8 .
The Oban prospect is hosted by the same palaeochannel sand formation as the recent
Beverley 4 Mile uranium discovery of Alliance Resources / Quasar Resources and
also the proposed Honeymoon in situ leach uranium mine. It lies approximately 60
kilometres north of the Honeymoon deposit and 55 kilometres northwest of Broken
Hill in northeastern South Australia (see map).
Drilling at Oban is focussed on what is interpreted to have been a swampy
embayment in the palaeodrainage where pyritic, organic-rich sands accumulated and
provided a favourable entrapment environment for uranium. The initial target area
covers roughly 4 square kilometers and is defined by a discrete gravity low that is
believed to be reflecting a shallow depression, flanked to the north and west by
higher ground. Within this prospective area, Curnamona Energy has so far obtained
potentially economic uranium intersections within an east-west trending zone....
http://sa.iguana2.com/cache/61d1e0790e5551d5ef6bcc957bfc23c2/ASX-CUY-154177.pdf