BLR black range mineral

[donnie]

Heres another small uranium company to keep an eye on. looks like more upgrades to come in the future.

TAYLOR RANCH URANIUM PROJECT
UPDATE

The Company has previously announced that the Taylor Ranch
Uranium Project, in Colorado, USA hosts the high-grade
Northwest Taylor Uranium Deposit (area delineated in white on
Figure 1 containing an exploration target of 2-3million pounds
at approximately 0.2% U3O8) and that uranium mineralisation
had been intersected previously at more than eight other prospects
within the project area.
Historic data compiled to date now indicates that at least 550 holes
have been drilled previously at the project. Drilling confirms that
the Northwest Taylor Uranium Deposit comprises one part of an
extensively mineralised system that extends for more than 5
kilometres of strike (refer Figure 1).
Previous explorers have outlined the extent of the mineralised
system by generating “grade x thickness” contours (grade as a
percentage times thickness in feet or “GT”) based on results from
previous drilling (refer Figure 1). Using a 0.25 GT cut-off, the
historic data assessed to date indicates that the Taylor Ranch
Uranium Project hosts an initial exploration target estimate of
10-15 million pounds of U3O8.
The exploration target estimates are presented here as conceptual
targets that may result from the completion of successful exploration
and confirmation of previous work. They should not be understood as
indicating the existence of reserves or resources in the sense implied
by the JORC Code as it is uncertain if further exploration will result
in the determination of a Mineral Resource. However they are
presented because Black Range Minerals wants to inform
shareholders of the basis for its assessment of the exploration
potential of the Taylor Ranch Project, based on the data currently
available to the Company.
The Company will commence an extensive drilling programme at
the Taylor Ranch Uranium Project in early March to confirm
historic results and expects to progressively announce a JORCcompliant
resource for the project. In this regard, particular efforts
will be made to assess the four zones within the project area,
which are outside of the historic grade-thickness contours, and
hence not included in the updated exploration target noted above,
but for which close-spaced drilling has been undertaken previously
(refer Figure 1).
The Company intends progressively updating the resource to
JORC-compliant standards as the drilling programme progresses.

[pago]

hi donnie,been watching this for3 weeks,good to see you started a thread,another ur spec but in the usa and worth a look.any ideas on management?.the share price ran away from my bid and for now in not chasing it up,cheers pago.

[Paddie]

Been watching since around 8c due to all the hype on HC.

Haven't had a good look, but volumes have been huge of late

Paddie

[donnie]

BLR just announce their quarterly report, looks like drilling starts in march on the taylor ranch project.

URANIUM

The Company acquired a 100% interest in the high-grade
Taylor Ranch Uranium Project in Colorado, USA.
Based on historic data, including >550 drill holes, the
company has an initial exploration target estimate for the
Taylor Ranch Uranium Project of 10-15 million pounds of
U3O8.
Furthermore the Company is actively seeking historic data
from 4 other areas within its Taylor Ranch Project, where
considerable close-spaced drilling has been undertaken
previously, but where to date no results have been located.
Drilling at the Taylor Ranch Uranium Project is expected to
commence during March 2007 and JORC-compliant
resource figures will follow progressively thereafter.
The Company completed its inaugural drilling programme
at its Eagle Uranium Project in Wyoming.
Calculation of a JORC-compliant resource for the Eagle
Project is in progress.
Negotiations to acquire several additional advanced uranium
projects continue.

BASE METALS
Compilation of historic data from the high-grade Ferris-
Haggerty Copper Deposit in Wyoming, USA is progressing
well.
Ore grades during historic production averaged 20% copper.
Remaining unmined ore is estimated to comprise at least
1Mt at 5-6% copper and 3-4g/t gold.
No exploration drilling has ever been undertaken.
Considerable potential remains to delineate further highgrade
mineralisation.
Exceptional near-term production opportunity.
The airborne EM survey over the entire Koonenberry Base
Metal Project in NSW, to fast-track exploration there, is
now scheduled for February 2007.


http://sa.iguana2.com/cache/51ab8553...BLR-349673.pdf

[donnie]

hi pago & paddie

It's good to see BLR on the move again up to 15c.

Theres very good volumes going through at the moment as you say paddie lets hope it continues.

Their management seem alright at the moment, but we'll have to see how they go in the future.

Currently they have some projects lined up to be announced within the next year also, which should add value to the share price.

i'd be very dissapointed if the share price didn't hit 27c in the next 3 month, thats my aim to get out.lets hope i succeed[:0].

[donnie]

BLR looks like its going to crash through 20c next week, Its been a good run this week. hope you guys got in.

currently 18c

[Paddie]

Hi Donnie,

No, I didn't get on, and the rise in share price has been very impressive to say the least, closing at 19.5c today.

Good luck

Paddie[][]

[donnie]

as predicted broke through 20c without a sweat, it's up to 23c at the moment. looks like those traders have gone which is going to be even better for the price.

__________________________________________________ _______________

The share price finally hit 27c, the price is going abit crazy today[8D][:I]. i wonder if the asx issues an explain notice in the near future.

[shasta]

Currently $0.25 up 28% on 71m turnover, surely a please explain notice is due for this speeding ticket!

[SCHUMACHER]

My take on BLR..
The key to whether BLR become a producer is the Management.
They are quoted as saying they only purchase projects that can be brought to production in the near term within 2-5 years.

If they can get a JORC compliant resource by end of 2007 year as stated and get PFS and BFS underway then we are in good company. Also what is very interesting is the close proximity to one of the 4 licenced Processing facilities in the US hey are in discussions with that facility

Defining the Jorc resource is the next step.

Taylor ranch could turn out to be a winner but the development strategy is paramount:
1) JORC compliant resource for Taylor
2) Extensive drilling over total U tenement to confirm and increase U resource estimates
3) Testing extensions of all deposits
4) Utilizing uranium mill in Canon city via discussions
5) Providing JORC compliance resources throughout 2007
6) Pre feasibility study inside of 12 months

these are the goals at this stage so the flow of news to the market must be progressive with a common goal of getting to production in the fastest possible timeframe as the global resource supply /demand ratios for U308 are 100 million lb (supply) verses 200 million ld (demand and increasing) I dont believe supply will catch up with demand for at least a decade as it takes at least 5 years from discovery to production depending on various factors.

BLR have advanced uranium projects...this is the best way to go IMHO

CHEERS