AGORACOM client, Uracan Resources (URC:TSXV) recently announced – according to the company – “some some of the highest uranium grades ever reported at a near surface uranium deposit” at the Grandroy zone of their North Shore Property in southeastern Quebec, Canada.
As a client of AGORACOM, assume I am horribly conflicted and take a close look at the following numbers that are pretty impressive for near surface results. Specifically, Uracan had results from two Grandroy holes – one that was 5.4 meters of 0.213% U3O8, or 2130 ppm, (parts per million), and one that was 4.5 meters of 0.194% U3O8, or 1943 ppm. This equates to 4.3 pounds per ton and 3.9 pounds per ton respectively. I’ve included a link to the full release below.
Uracan’s Grandroy Yields Intercepts Of Up To 0.213% (4.26 lbs/t) U3O8 Over 5.4 m
More importantly, Mr. Gregg J. Sedun, Chairman & Chief Executive Officer of Uracan Resources, took the time to speak with us and put these uranium grades into perspective for retail investors. It is a 2-part 12-minute interview and well worth the time.
PART 1
PART 2
Uracan states drilling can and will go year round, and at only 50 m depth per hole, drilling is fast and inexpensive.
The Grandroy zone is 7 km north of the company’s Double S zone, which host a resource of 154.9 million tonnes grading 0.012% U3O8, for a total of 40.7 million pounds of U3O8.
Link to Hub / Link to Profile / Link to Forum
Congratulations to Gregg and his team on these great results. We’re looking forward to further results in the future.
Regards,
George