Waseco Resources, UMCs JV parner, has nearly tripled in price over the last 2 months and are very close to commencing drilling for Uranium.
From the last update, 24 November 2005.
The Preliminary Summary Report, authored by Rob Hearst, M.Sc. P.Geoph. and a
Qualified Person under N-I Policy 43-101, compiles and interprets the initial
results of the magnetic, gravity and radiometric surveys completed in September
of this year. The Summary identified that each of the five properties has
geophysical features of significant interest for uranium, and other minerals.
Several anomalous uranium zones across all properties have been delineated, some
of which are kilometres in strike length and open ended. Additional follow-up
geologic and geophysical work has been recommended, including the staking of
additional claims. A detailed interpretation of the airborne survey results is
currently being completed with the expectation of developing several targets
that can be directly drilled from these results. More detailed and property
specific information will be made available following receipt of the Final
Report.
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