UTO - U308 Limited
- Thread starter sti396
- Start date
-
- Tags
- u308 limited uto
dont worry Nukie,
there are a few more IPO with Uranium potential out there.
It makes me think what is the point of putting through a $5000 chq for an popular IPO like UTO, in the end you will only get $2000, and the rest get stuck in their bank account doing nothing for few weeks.
there are a few more IPO with Uranium potential out there.
It makes me think what is the point of putting through a $5000 chq for an popular IPO like UTO, in the end you will only get $2000, and the rest get stuck in their bank account doing nothing for few weeks.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,041
- Reactions
- 11,056
Thanks Nukiee. Thanks GIR. I've jumped off.
I was surprised GIR dropped today, they are still the majority holders of UTO shares, and with UTO going from being a 20c stock to a 70c stock, I thought they would have had a nice little increase today, I guess not the case though. Well done to those who had a good win on UTO.
I cant really suggest anything but here are the ones I am looking at.
http://www.asx.com.au/asx/floats/UpcomingFloatDetail.jsp?asxcode=TRF
http://www.asx.com.au/asx/floats/UpcomingFloatDetail.jsp?asxcode=ZDX
http://www.asx.com.au/asx/floats/UpcomingFloatDetail.jsp?asxcode=AEE
http://www.asx.com.au/asx/floats/UpcomingFloatDetail.jsp?asxcode=CRJ
http://www.vaccinoma.com/ (breast and skin cancer treatment. has past stage II trial)
http://www.asx.com.au/asx/floats/UpcomingFloatDetail.jsp?asxcode=TRF
http://www.asx.com.au/asx/floats/UpcomingFloatDetail.jsp?asxcode=ZDX
http://www.asx.com.au/asx/floats/UpcomingFloatDetail.jsp?asxcode=AEE
http://www.asx.com.au/asx/floats/UpcomingFloatDetail.jsp?asxcode=CRJ
http://www.vaccinoma.com/ (breast and skin cancer treatment. has past stage II trial)
- Joined
- 13 September 2005
- Posts
- 149
- Reactions
- 0
UTO
This stock has slowly been creeping up since last week.
It's drilling for U as we speak on old WMC land.
Is anyone else following?
This stock has slowly been creeping up since last week.
It's drilling for U as we speak on old WMC land.
Is anyone else following?
- Joined
- 13 September 2005
- Posts
- 149
- Reactions
- 0
Drilling Results out
More assay results to come
This stock is flying!
More assay results to come
This stock is flying!
- Joined
- 26 June 2006
- Posts
- 168
- Reactions
- 0
I believe this share is similar to UXA, both company is waiting for further drilling and likely to have the same trend, i feel the heat is off. But certainly in the early stage!
- Joined
- 13 September 2005
- Posts
- 149
- Reactions
- 0
ASX ANNOUNCEMENT
EXTENSIVE URANIUM MINERALISATION CONFIRMED AT DAWSON-HINKLER WELL
• UTO's first drilling program of 3 to 4 kilometre spaced RC traverses confirms uranium in calcrete over 20 kilometres strike
• Hinkler Well – high grades from surface:
1.0 metre @ 1021.2 ppm eU3O8
1.2metres @ 589.3 ppm eU3O8
• Dawson Well west zone – 1 kilometre wide:
5.05metres @ 302.3 ppm eU3O8
incl. 2.45metres @ 410.4 ppm eU3O8
2.0metres @ 491.7 ppm eU3O8
The Directors of U3O8 Limited are delighted to announce the results of the Company's maiden drilling program at the company's 100% owned Dawson-Hinkler Well project, located south of Wiluna in Western Australia.
A total of 150 shallow RC holes were completed in June 2006 along existing access tracks, in a program designed to locate, confirm and extend results from drilling conducted in the 1970s by WMC Exploration and Carpentaria Exploration (MIM). Four zones with intersections in excess of 500 ppm U3O8 with a combined strike length of 8 kilometres can be interpreted from WMC and MIM drilling, with widths of mineralisation up to 1 kilometre.
Dawson-Hinkler Well is located in the most prospective area in the world for calcrete-hosted uranium deposits, around 40 kilometres north of BHP-Billiton's Yeelirrie uranium deposit, the world's largest calcrete hosted deposit (50,000 tonnes of contained U3O8) and 10 kilometres west (along the same calcrete channel) from Nova Energy Limited's Lake Way-Centipede uranium deposits (Inferred Resource 15.5 million tonnes @ 580 ppm U3O8). Redport Limited's Lake Maitland deposit is located 70 kilometres south-east (Inferred Resource 32.7 million tonnes @ 330 ppm U3O8).
U3O8 Limited's initial drilling program utilised existing station tracks and old rig access roads to drill six traverses across the Dawson-Hinkler Well calcrete channel at spacings of 3-4 kilometres, with holes drilled 100 metres apart along traverses. Other 400 metre spaced holes were drilled on available tracks between traverses.
The drilling was designed to establish the boundaries of the calcrete channel and to reproduce the grades and widths of uranium mineralisation from previous drilling, which outlined potential for a substantial uranium resource. All holes were cased with PVC and surveyed with a downhole gamma logging probe to provide grade information. Selected samples were submitted for assay to confirm uranium grades, establish vanadium content and check radiometric disequilibrium. Results from assays are awaited.
U3O8 Limited Level 2, 33 Ord Street, West Perth WA 6005
Telephone: (08) 9481 2243 Facsimile: (08) 9321 0070 Email: info@u3o8.com.au
- 2 -
Results from downhole gamma logging have been received and confirm uranium mineralisation in calcrete over 20 kilometres strike. Correlation with previous drilling results is excellent, underlining potential for rapid delineation of resources utilising a combination of new results and historic data.
U3O8 Limited's westernmost traverse, through the Dawson Well zone, intersected a substantial zone of uranium mineralisation 1 kilometre wide and up to 5 metres thick. Intersections include RCDW0094; 2.0 metres@ 491.7 ppm eU3O8, and RCDW0092; 5.05 metres@ 302.3 ppm eU3O8, including 2.45 metres@ 410.4 ppm eU3O8. Drilling by WMC on 400 metre spaced sections to the east returned mineralisation of similar tenor over 2 kilometres strike. At the Hinkler Well prospect in the east of the project high grades of uranium were intersected from surface, including 1.0 metre@ 1021 ppm eU3O8.
Also considered significant are holes RCDW0139 to RDW0150, holes RCDW0084 and 0087, and RDDW0039 which returned intersections in excess of 300 ppm eU3O8 from widely spaced holes in areas away from those outlined by previous drilling. For reference, at current prices, 300 ppm U3O8 is equivalent to a gold grade of approximately 1.5 grams per tonne.
U3O8 Limited's results suggest that shallow (0 to 10 metres) uranium mineralisation may be essentially continuous over the entire 20 kilometres of strike on U3O8's ground.
Further drilling for resource definition and extension is planned for the September quarter.
P Lucas 12 July 2006
Chairman Perth, WA
EXTENSIVE URANIUM MINERALISATION CONFIRMED AT DAWSON-HINKLER WELL
• UTO's first drilling program of 3 to 4 kilometre spaced RC traverses confirms uranium in calcrete over 20 kilometres strike
• Hinkler Well – high grades from surface:
1.0 metre @ 1021.2 ppm eU3O8
1.2metres @ 589.3 ppm eU3O8
• Dawson Well west zone – 1 kilometre wide:
5.05metres @ 302.3 ppm eU3O8
incl. 2.45metres @ 410.4 ppm eU3O8
2.0metres @ 491.7 ppm eU3O8
The Directors of U3O8 Limited are delighted to announce the results of the Company's maiden drilling program at the company's 100% owned Dawson-Hinkler Well project, located south of Wiluna in Western Australia.
A total of 150 shallow RC holes were completed in June 2006 along existing access tracks, in a program designed to locate, confirm and extend results from drilling conducted in the 1970s by WMC Exploration and Carpentaria Exploration (MIM). Four zones with intersections in excess of 500 ppm U3O8 with a combined strike length of 8 kilometres can be interpreted from WMC and MIM drilling, with widths of mineralisation up to 1 kilometre.
Dawson-Hinkler Well is located in the most prospective area in the world for calcrete-hosted uranium deposits, around 40 kilometres north of BHP-Billiton's Yeelirrie uranium deposit, the world's largest calcrete hosted deposit (50,000 tonnes of contained U3O8) and 10 kilometres west (along the same calcrete channel) from Nova Energy Limited's Lake Way-Centipede uranium deposits (Inferred Resource 15.5 million tonnes @ 580 ppm U3O8). Redport Limited's Lake Maitland deposit is located 70 kilometres south-east (Inferred Resource 32.7 million tonnes @ 330 ppm U3O8).
U3O8 Limited's initial drilling program utilised existing station tracks and old rig access roads to drill six traverses across the Dawson-Hinkler Well calcrete channel at spacings of 3-4 kilometres, with holes drilled 100 metres apart along traverses. Other 400 metre spaced holes were drilled on available tracks between traverses.
The drilling was designed to establish the boundaries of the calcrete channel and to reproduce the grades and widths of uranium mineralisation from previous drilling, which outlined potential for a substantial uranium resource. All holes were cased with PVC and surveyed with a downhole gamma logging probe to provide grade information. Selected samples were submitted for assay to confirm uranium grades, establish vanadium content and check radiometric disequilibrium. Results from assays are awaited.
U3O8 Limited Level 2, 33 Ord Street, West Perth WA 6005
Telephone: (08) 9481 2243 Facsimile: (08) 9321 0070 Email: info@u3o8.com.au
- 2 -
Results from downhole gamma logging have been received and confirm uranium mineralisation in calcrete over 20 kilometres strike. Correlation with previous drilling results is excellent, underlining potential for rapid delineation of resources utilising a combination of new results and historic data.
U3O8 Limited's westernmost traverse, through the Dawson Well zone, intersected a substantial zone of uranium mineralisation 1 kilometre wide and up to 5 metres thick. Intersections include RCDW0094; 2.0 metres@ 491.7 ppm eU3O8, and RCDW0092; 5.05 metres@ 302.3 ppm eU3O8, including 2.45 metres@ 410.4 ppm eU3O8. Drilling by WMC on 400 metre spaced sections to the east returned mineralisation of similar tenor over 2 kilometres strike. At the Hinkler Well prospect in the east of the project high grades of uranium were intersected from surface, including 1.0 metre@ 1021 ppm eU3O8.
Also considered significant are holes RCDW0139 to RDW0150, holes RCDW0084 and 0087, and RDDW0039 which returned intersections in excess of 300 ppm eU3O8 from widely spaced holes in areas away from those outlined by previous drilling. For reference, at current prices, 300 ppm U3O8 is equivalent to a gold grade of approximately 1.5 grams per tonne.
U3O8 Limited's results suggest that shallow (0 to 10 metres) uranium mineralisation may be essentially continuous over the entire 20 kilometres of strike on U3O8's ground.
Further drilling for resource definition and extension is planned for the September quarter.
P Lucas 12 July 2006
Chairman Perth, WA
GreatPig
Pigs In Space
- Joined
- 9 July 2004
- Posts
- 2,368
- Reactions
- 14
GreatPig
Pigs In Space
- Joined
- 9 July 2004
- Posts
- 2,368
- Reactions
- 14
On up it is.
Up about 12% today at the moment.
GP
Up about 12% today at the moment.
GP
Caliente
Black Gold!
- Joined
- 30 May 2005
- Posts
- 492
- Reactions
- 0
hey GP, UTO's had quite a strong run. Where do you see the driving force for this stock in the next weeks/month?
Best
-Caliente
Best
-Caliente
GreatPig
Pigs In Space
- Joined
- 9 July 2004
- Posts
- 2,368
- Reactions
- 14
Sorry, I don't know anything much about this stock.
I just watch the price and react accordingly.
Cheers,
GP
I just watch the price and react accordingly.
Cheers,
GP
GreatPig
Pigs In Space
- Joined
- 9 July 2004
- Posts
- 2,368
- Reactions
- 14
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,041
- Reactions
- 11,056
I got in the float and sold out on the first day. Haven't been watching since then really.
Looks like $0.70 is a critical point. Could stop there, or if it goes through it is in trouble.
Haven't been watching since then really.Looks like $0.70 is a critical point. Could stop there, or if it goes through it is in trouble.
Similar threads
