1) With many #Uranium Explorers now actively drilling in #Canada's #AthabascaBasin⛏️ perhaps it's time⏳ for a thread on how to interpret drill data🗒️ coming soon in news releases.📰 Misunderstanding data can lead to missed opportunities💰 or unexpected losses.😟 Be ready!👨🏫.../2
2) #Uranium explorers drill rock core samples looking for signs of #U3O8 bearing ore.🧐 Rarely do they hit high-grade on first few attempts.😟 Geologists first look for visual signs in the core samples. Here's description from pre-discovery 2013 drilling at $NXE's Arrow👇 .../3
3) Visual inspection of core samples is just 1 of many steps taken to see if #uranium is found. Presence of radioactivity is best indicator☢️ so all cores are scanned with an instrument called a Hand-held Scintillometer to produce "Scint" CPS tables for each core interval.🗒️.../4
4) After an exploration hole has been drilled & core samples recovered, an instrument called a Downhole Gamma Probe is lowered to the bottom & recovered, constantly measuring #uranium radioactivity in a 360 degree sweep to produce a complete Gamma Log Profile for each hole.☢️../5
5) Here's the Gamma Log Profile for Fission #Uranium $FCU's drill hole PLS17-METC that confirmed the presence of 108 metres of vertical high-grade ore at an average grade of 8.46% #U3O8.☢️😃 This was the best mineralized hole drilled worldwide for any mined metal in 2018.🥇 .../6
6) Boxes of #uranium cores are then shipped off to a lab where they are assayed👩🔬 to determine exact % Grade #U3O8 (& other minerals like #Gold) in 1/2 metre intervals.🔨 Tables are then published for each drill hole.📑 It can take a few months for assays to be completed.😟 .../7
7) Other data provided may include Maps & overlays of surface and airborne survey data🗺️ or perhaps most valuable are Cross Section Views that show angles of drill holes along a survey line & geologic interpretation around the #uranium bearing ore, used to build 3D models.🧩.../8
8) If you want to explore & browse these types of #Uranium exploration data, best bet is to visit the Fission #Uranium website, as they are the only explorer/developer that publishes full data publicly for every hole they've ever drilled.📑 Terrific research resource.📚🧐 .../9
9) To get ahead of the herd🦬 you can use the Scint & Assay tables from hundreds of #Uranium drill holes published by Fission to learn how to estimate #U3O8 % Grades from initial Scint data in news releases🧮 well before actual Assays are released.🤠.../10 fissionuranium.com/projects/tripl…
10) Sometimes #Uranium explorers will use a specially calibrated Downhole Gamma Probe to measure estimated % #U3O8 grades found in a drill hole.🗒️ Gamma readings are directly converted to "Grade % eU3O8" for publication. Often done if there are problems recovering cores.⛏️ ../11
11) Drill seasons for #Uranium explorers & developers are my favourite times of the year😃 full of anticipation & high hopes for #U3O8 mineralized drill cores and new discoveries🤯 that can send a U stock rocketing🚀 or not☹️ as investors try to decipher news.👨💻 Good luck!☘️🌈💰
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Happy #Nuclear New Year!⚛️🥳 60-page #EU Taxonomy plan that includes Nuclear as qualifying for low-cost #CleanEnergy project financing 💰🌞 is available for download at this link:
👉 app.box.com/s/f7rgsninwhkf…
Fabulous news for #Uranium sector investors.🤠🐂
Main points 🧵 .../2
2) Covers construction and safe operation of new #Nuclear power plants for basically any function that helps to reduce CO2 emissions - generating electricity, industrial heat, district heating, producing hydrogen - as long as construction permit is issued by 2045 🌞🏗️⚛️ .../3
3) Existing EU #Nuclear fleet is also covered in the providing of low-cost financing for upgrades and modifications that will extend reactor operating life to maintain their contribution to climate mitigation, if authorized by 2040.🌞⚛️
U may feel sucker-punched🥊 or prayers answered😇 or got stopped out🤨 by broad market downturn that hammered #Uranium#mining#stocks🔨 but we still have a #U3O8 supply deficit⏬⛏️ vs surging #CarbonFree#Nuclear demand⚛️⏫ with fundamentals stronger than they've ever been!🏋️♂️👇
Regardless of where share prices of #Uranium#stocks may be🤿 there's still a growing fleet of #Nuclear reactors demanding far more #U3O8 fuel than is being mined🔀⛏️ with #China#India#UK#France#Canada & other nations planning to build many more.🏗️⚛️⏫
In just the past few months we've seen a major shift towards embracing #CarbonFree#Nuclear#energy🤗⚛️ as once again key to achieving global #NetZero emissions goals🌞 reducing air pollution🏭☠️ & decarbonizing industry in electrifying 'everything'⚡️🔌🌏
2) #Uranium#mining#stocks are famous⭐️ for delivering investors extraordinary life-altering returns😎🍹🏝️ when they enter a boom cycle⤴️ after a long painful bear market for #Nuclear fuel😩 when supply/demand fundamentals shift🌊 as they have now in a strong bull market🤠🐂../3
3) #Uranium is a cyclical commodity🔃 that goes through boom & bust cycles based on supply vs demand imbalances⚖️ magnified to extremes🌜 by supply security fears😟 as there is no substitute fuel for #nuclear reactors⚠️ so fear can lead to panic buying by nuclear utilities🛒.../4
1) Cantor Fitzgerald reaffirms their Buy Rating with US$32/C$40 Price Target🎯 for Cameco $CCJ $CCO as #Uranium Sentiment Continues to Improve 🤠🐂 with term U prices heading higher⬆️ & offers up their key takeaways🥡 from Q3 Results Conference Call👨💻 #Nuclear#mining#ESG🏄♂️ ...2
2) "macro setup for #Uranium, and by extension Cameco, is exceptional"😃 as "some urgency" towards long-term contracting returns😟as #SPUT in thin Spot market is killing carry trade⚰️ & Q3 Long-Term #U3O8 price is Up $10 +28%⬆️ but still "early innings" in contracting cycle⚾️...3
3) Cantor provides their view on @Sprott Physical #Uranium Trust as its Spot #U3O8 purchases are "permanently sequestered."🔒 Cameco is not interested in launching its own U fund as Kazatomprom is doing with ANU Energy & world's largest U mine restart is a mid-decade event😲.../4
2) #Uranium#mining#stocks are famous⭐️ for delivering investors extraordinary life-altering returns😎🍹🏝️ when they enter a boom cycle⤴️ after a long painful bear market for #Nuclear fuel😩 when supply/demand fundamentals shift🌊 as they have now in a strong bull market🤠🐂../3
3) #Uranium is a cyclical commodity🔃 that goes through boom & bust cycles based on supply vs demand imbalances⚖️ magnified to extremes🌜 by supply security fears😟 as there is no substitute fuel for #nuclear reactors⚠️ which can lead to panic buying by nuclear utilities🛒 .../4
1/11) @Sprott's Physical #Uranium Trust🏦 has poured gas on a fire🔥 that was already burning under #Uranium#mining#stocks📈 due to incredibly bullish fundamentals💪 of surging #CarbonFree#Nuclear demand🏗️⚛️↗️ vs tanking #U3O8 supply⛏️⤵️ & strengthening daily.🏋️♂️ Here's a🧵4U👇
2) #Uranium#mining#stocks are famous⭐️ for delivering extraordinary life-altering returns😎🍹🏝️ when they enter a boom cycle⤴️ after a long painful bear market for #Nuclear fuel😫when supply/demand fundamentals shift🌊 as they have now in early stages of a strong uptrend⬆️.../3
3) #Uranium is a cyclical commodity🔃 that goes through boom & bust cycles based on supply vs demand imbalances⚖️ magnified to extremes by supply security fears😟 as there is no available substitute fuel for #nuclear reactors & production is concentrated in so few countries .../4