No such message found

Specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia

Free
Message: Poster was at PDAC today...saw FCU presentation

Watched the presentation from Ross. It was almost all per the presentation available on the website, except for the added excitement of 600W. According to Ross, this hole is very similar to the holes in the main zone, which opens the door to trying to connnect it to 00 zone in the same manner that they connected the 5 zones into 390 last summer. If they do this, you can figure out the implications to the resource size on your own. Ross said as much in the presentation. Suffice it to say, yesterday's hole really is a game changer. I spoke to one of the geos before the show, they are all extremely excited about this. They did not even have consensus amongst themselves to drill the 600W, many had it listed as low priority and thought they should not drill there this winter. But, there is not much snow there so there is nothing really stoping them from carrying on drilling the new land targets right through to summer. This was also the FIRST hole drilled at 600W this winter. They have several holes at Forrest Lake. Unfortunately, if there was anything material to report they would have already done so. But, in my view 600W is FAR more important because they can start looking all the way back to the 00 zone. Lots of holes into the main zone. All positive apparently. Not reported because nothing unexpected, they are hitting where they expect to hit and are incrementally increasing the size of the deposit and infilling. PEA to be completed this summer. Apparently a pretty low cost item (relatively). All in all, lost of positive excitement.

Share
New Message
Please login to post a reply