tommy
08-05-2008, 03:17 PM
Just to add more fuel to the phosphate mania, Uramet Minerals (URM) digs up some phosphate and whoosh, share price goes up a big fat crazy 160%... unfortunately I missed out but adds evidence that the fertilizer boom is only accelerating!!
Anyone made a mint today??
Chart:
http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=AU%3Aurm&draw.x=54&draw.y=17
http://www.stocknessmonster.com/news-item?S=URM&E=ASX&N=406266
High Grade Phosphate Mineralisation Encountered on Uramet Tenements
__________________________________________________ ______________________
HIGHLIGHTS
♦ Phosphate rock samples of up to 32% P2O5 located on Uramet tenements
♦ Thorntonia project tenements located adjacent to the substantial Lady Annie phosphate deposit which has recently been the subject of a long-term offtake and supply agreement and proposed Joint Venture development between Legend International Holdings and India's largest Fertiliser enterprise
♦ Six surface grab samples recently taken from Thorntonia all reported high grade laboratory assay results ranging from 11.3% to 18.5% P2O5
♦ Other Company owned tenements have proved to be highly prospective for phosphate mineralisation
♦ Uramet plans to conduct follow-up exploration on these tenements in the current quarter
A detailed review of the Uramet Minerals Limited (Uramet) exploration data base covering the Georgina Basin in the Northern Territory and Queensland has confirmed a number of phosphate mineralisation occurrences within Uramet’s existing tenement holdings (refer Figure 1).
The Uramet database contains exploration data acquired from Elkedra Diamonds NL (Elkedra) in April 2007 which was compiled from extensive diamond exploration activities undertaken by Elkedra in the Georgina Basin from 2001 through to 2007 and by previous explorers in this region. It also contains data compiled from Uramet’s exploration activities over the past year and the Northern Territory Geological Survey report “Geology and resource potential of the southern Georgina basin”, October 2007.
Anyone made a mint today??
Chart:
http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=AU%3Aurm&draw.x=54&draw.y=17
http://www.stocknessmonster.com/news-item?S=URM&E=ASX&N=406266
High Grade Phosphate Mineralisation Encountered on Uramet Tenements
__________________________________________________ ______________________
HIGHLIGHTS
♦ Phosphate rock samples of up to 32% P2O5 located on Uramet tenements
♦ Thorntonia project tenements located adjacent to the substantial Lady Annie phosphate deposit which has recently been the subject of a long-term offtake and supply agreement and proposed Joint Venture development between Legend International Holdings and India's largest Fertiliser enterprise
♦ Six surface grab samples recently taken from Thorntonia all reported high grade laboratory assay results ranging from 11.3% to 18.5% P2O5
♦ Other Company owned tenements have proved to be highly prospective for phosphate mineralisation
♦ Uramet plans to conduct follow-up exploration on these tenements in the current quarter
A detailed review of the Uramet Minerals Limited (Uramet) exploration data base covering the Georgina Basin in the Northern Territory and Queensland has confirmed a number of phosphate mineralisation occurrences within Uramet’s existing tenement holdings (refer Figure 1).
The Uramet database contains exploration data acquired from Elkedra Diamonds NL (Elkedra) in April 2007 which was compiled from extensive diamond exploration activities undertaken by Elkedra in the Georgina Basin from 2001 through to 2007 and by previous explorers in this region. It also contains data compiled from Uramet’s exploration activities over the past year and the Northern Territory Geological Survey report “Geology and resource potential of the southern Georgina basin”, October 2007.