Read on Twitter
The $FUU JR Zone starts looking more and more similar to Cameco´s Cigar lake:
Cigar lake has the form of a flat, elongated lense. It is 20-100 m wide, 1,950 m long and ranges up to 13.5 m thick, with an average thickness of 5.4 m. #uranium
Cigar lake has the form of a flat, elongated lense. It is 20-100 m wide, 1,950 m long and ranges up to 13.5 m thick, with an average thickness of 5.4 m. #uranium
Average grade at Cigar lake is 17.2%.
The $FUU JR Zone has the form of... a flat enlongated lense... is for now 15-50 m wide, 105 m long and ranges up to 15.5 m thick with an average thickness of 10.3 m. RedCloud estimates the average grade to 4%, but then they include the weaker
The $FUU JR Zone has the form of... a flat enlongated lense... is for now 15-50 m wide, 105 m long and ranges up to 15.5 m thick with an average thickness of 10.3 m. RedCloud estimates the average grade to 4%, but then they include the weaker
015N line, otherwise it would be 5%. Remember also that the grades and widths for now increase going south, so it is possible the avarage grade soon will be more like 6-7% or more. So while Cigar lake is higher average grade for now, our mineralization is almost twice as thick.
Alternatively, you can choose to look only at our high-grade core. Then the thickness may be 4-5 m, but the grades will be in the class of Cigar lake.
Also have in mind that our deposit is much shallower and not under a lake. I would say that the 90 m section from 00N to 090S is not far away from the value of 90 m of the Cigar lake deposit. If mineralization continues in the A1 shear zone all the way along the over 3 km long
conductor, that should make the deposit about as big as Cigar lake. Without taking into account the potential for any parallell lenses, unconformity mineralization and mineralization further down in the basement.
As I have said before, these are early days, drilling must confirm the length, but what we have seen so far is astonishing. Here is some recommended reading about the Cigar lake deposit: miningdataonline.com/property/26/Ci…
I also recommend you to read the complete analysis by RedCloud here: redcloudresearch.com/wp-content/upl…
In their speculative estimate of 15-20 Mlbs, I am not sure if RedCloud includes the scints, or only the assays, perhaps @quakes99 or someone else knows? If similar drill results keep coming during the summer program, pounds will add up very quickly.
Not sure how RedCloud calculated, perhaps something like this? Length x average width x average thickness x thickness = 105 x 32.5(?) x 10 = 34,125 m3. One m3 at these grades might contain 500 lbs (an estimate, I need to check that number). 34,125 x 500 = 17 Mlbs. $FUU #uranium
• • •
Missing some Tweet in this thread? You can try to
force a refresh
