Now it is confirmed that PLN23-060 is the best hole to date. A peak of 65.2% is the highest so far. 14.5m interval averaging 9.4% U3O8 is the best interval so far. $FUU #uranium
Some other great interceptions as well, on line 30S and 45S, showing we have a continous ultra-high grade core: $FUU #uranium
And remember that assays for the following holes are still pending, hole 59 with the widest interval to date, hole 61 in class with the discovery hole and hole 62 with 1m off-scale: #uranium $FUU
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Looking at all the cross-sections on the F3 #uranium $FUU website, and it actually looks quite amazing. In orange you see the A1 shear zone where all the mineralization has been found so far. It is ultra-high grade, thick, long and wide.
We may already have 15-20 million pounds, and as the last holes show the mineralization is getting even wider and stronger to the south, another 15-20 holes to the south in the shear zone could double that number. But look how close we are to the unconformity. Looking at other
deposits in the Athabasca basin, they are practically all in contact with the unconformity, and the $ISO Hurricane deposit is overlying it:
This morning I compared $ISO's best hole LE20-76 to $FUU's best hole PLN23-060. Look at these photos and guess which hole is the best... #uranium
First, you have this photo with the scints from LE20-76. There was 3.5 m of offscale, but around that only weak #uranium mineralization.
Here you see the assays of LE20-76, really spectacular with 74% over 3.5 m. They include another 4 m to make it a 7.5 m interval, but those other 4 m are insignificant, just as in the scints.
So now it is confirmed: the only addition to $URNM #uranium ETF is $FUU. Yesterday they bought 1.8M shares. Comparing to others with similar mcaps like CUR and Goviex, weighting should be around 0.45%-0.50%. This means around 12-14M shares. Today we will see huge buying orders.
Let's hope $URNM has to pay up today and buy a big part of those around 10-12M $FUU shares remaining to be bought on the open market #uranium
Trading in $FUU was not what I hoped for today, block trades on agreed prices so that $URNM can get their shares at a good price. Anyway, ETF manipulation is over and this inclusion will give a lot of support when the sector is rising.
So, today I have been studying the maps in the $FUU news release to get an idea of how Ray and the team choose where to drill. Look for example at this one on line 060S. On February 21, they reported hole PLN23-052, which was good but not reaching off-scale #uranium...
After this, the $FUU team tested about 20 m down-dip on the same line with hole PLN23-058 which was only very weakly mineralized. But the team knew the really high grade was there somewhere, probably the gamma logs indicated this. So they drilled up-dip, only about 10 m from...
PLN23-052, and now they hit the jackpot in PLN23-060 with the best hole to date. What do we learn from this? The more weakly mineralized holes so far don´t indicate we are anywhere near the borders of the JR zone... $FUU #uranium
PLN23-060 is a monster hole, definitely better than the discovery hole which had 59.2% #uranium over 1m within 6.97% over 15m . Look at these scints from PLN23-060: $FUU
And compare them to these from the discovery hole PLN22-035: $FUU #uranium
"Drilling is now moving along the A1 main shear and testing closer to the basement rock-sandstone contact at the unconformity, where we might see a blowout in mineralization due to increased porosity and permeability suitable for transporting
and trapping #uranium" $FUU
I like the word "blowout", hopefully that is what we will see. $FUU #uranium