04-30-2012, 08:47 AM
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Administrator
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Join Date: Mar 2009
Posts: 1,817
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Free Uranium ASX: GGG
By selling either their Uranium or REEs or Zinc GGG's uranium will be essentially produced for zero cost.
Monday, 30th April, 2012
- Initial Zone 2 mineral resource estimate confirms a second major multi-element deposit within the project area:
- 242 Mt @ 304 ppm U3O8, 1.1% total rare earth oxide (TREO)
- High-grade upper lens of 119 Mt @ 400 ppm U3O8, 1.2% TREO offers potential to significantly increase project mine life, and improve grade of mine-scheduled ore
- Zone 2 features the same mineral mix as the giant Kvanefjeld deposit, located 6 km to the north
- Project global resource base expanded to 861 Mt, containing 512 Mlbs U3O8, 340,000 t heavy REO, 750,000 t yttrium oxide, 4.4 Blbs zinc
- Zone 3 initial resource estimate anticipated in the coming weeks; set to further increase the global resource base
- Atmospheric leaching of REE-U-rich mineral concentrates yields >90% extraction of heavy REEs and uranium
- Enhanced process flowsheet completed, based on effective beneficiation followed by atmospheric sulphuric acid leach and solvent extraction recovery
- Prefeasibility study on Kvanefjeld stage 1 development scenario set for imminent release
Through the following link you can access Q1 2012 Quarterly Report -->>
http://www.ggg.gl/docs/quarterly-reports/Q1_2012_Quarterly_Activity_Report.pdf
I hold GGG
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.
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