UXA have identified high intensity Drill Target near Olympic Dam in S.A., at their Playford and Playford South East Exploration licences EL3430 and EL3679.
Relative Gravity signature is more intense than at Carrapateena and Prominent Hill.
Absence of magnetic signature indicates potential hematite IOCGU deposit.
Drilling starts in December 2007.
http://www.asx.com.au/asxpdf/20071120/pdf/315xspr6hfxykg.pdf
have held uxa for awhile watching and waiting until 30% of my investment had slid away so sold for a loss
there are so many junior explorers looking for the stuff in australia yet we have very strict exportation rules and certain states which are against mineing re: tas qld wa , and i dont think the new government is going to be of much help either
how to know what is and isnt a good investment maybe the explorers with leases adjoining existing mines may have a chance of receiving royalties or being bought out but i think thats a long way off yet
have dropped all my uranium portfolio and put into gold and oil/gas , we know there is good market for them , they are user freindly and have major support of the larger economic community
to me buying into a lot of these stock is like walking in a mine field (pardon the pun )
Providing the information from the surveys prove accurate then UXA look more likely to find iron ore in hematite form at Playford and Playford S.E: http://www.all-that-gifts.com/se/hematite.html
UXA makes NEW surface uranium discovery near Bigrlyi Project in the Northern Territory: http://www.asx.com.au/asxpdf/20080108/pdf/316trz6kky1Kb8.pdf
Interview at Boardroom Radio with UXA's MD, Mr Patrick Mutz - today at 1pm AEST, "Surface Uranium Discovered": http://www.brr.com.au/event/39624
I hope they get going soon, Noirua - I'm starting to get nervous about my March 08 options... (holding heads as well).
When they got Patrick Mutz on board I had hopes of things moving along quicker than they have done.
(sigh)
Maz
"Video Broadcast - Surface Uranium Discovery"
http://www.finnewsnetwork.com/Display.aspx?Site=FNN118&Vs=DlR&Vc=LV&Vm=lnt_UXA_180108.wmv
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