Your humble scribe got this mail from A. Reader yesterday, which was 1) fun 2) worthy of sharing and 3) spot on with its economic geology...unlike the BS merchant who wrote the NR for Nuinsco (NWI.to). Read on....
Title: You should run this through the Ottotrans™I love the part I underlined (and now in red)... Translation: "extremely low-grade mineralization suggests the potential for high-grade mineralization". Freedom is slavery, ignorance is knowledge...
And, uhh, uranium values exceeding 1 ppm are "accepted as being significant"?? They're also accepted as occurring almost everywhere on Earth. Hmm...
TORONTO, ONTARIO--(Marketwire - April 7, 2011) - Nuinsco Resources Limited (TSX:NWI - News; www.nuinsco.ca) today announced that recent drill results grading up to 71 parts per million (ppm) uranium (U) continue to indicate the potential for high-grade uranium mineralization at its Diabase Peninsula project in Saskatchewan's Athabasca Basin.
"Uranium values exceeding 1ppm are accepted as being significant, with values exceeding 10ppm suggesting the presence of an alteration zone and the distinct possibility of a lens of high grade mineralization in the immediate vicinity," said Nuinsco President Paul Jones. "Drilling has encountered such significant uranium grades at numerous sites on the property, including our November-December 2010 program where uranium values peaked at 71ppm."
The November-December drilling tested coincident TEM and Gravity geophysical targets near to holes from a 2007-2008 drilling program which encountered highly-anomalous uranium values of up to 707ppm U (0.083% U3O8) located at or near the contact between the sandstone layer and graphite-bearing basement rocks (the "Unconformity") - the prime site for the occurrence of uranium deposits in the Athabasca Basin.
All holes in the five-hole, 2,321m program returned uranium values as follows:
-- ND10-01 encountered 14.69m of 25.29ppm U from 378-392.69m, including 71
ppm U over 2.61m immediately at the Unconformity;
-- ND10-02 averaged 4.26m grading10.8ppm U below the Unconformity;
-- ND10-03 cut 18m of 18.06ppm U straddling the Unconformity from 379.5-
397.5m;
-- ND10-04 drilled from the same setup as ND10-03 encountered 19.25m of
11.99ppm U at the Unconformity. The final sample of the interval graded
24.8 ppm U; and,
-- ND10-05 intersected1.5m grading 14.9ppm U below the Unconformity.
"These results continue to enhance our understanding of the geology at Diabase, and are sufficiently encouraging that we have begun another round of drilling," Mr. Jones added. "This 2,000m program will again concentrate on the core of the property where numerous factors point to the possibility of a nearby uranium deposit."
Analytical facilities of the yada yada continues here