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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
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Message: Uranium results coming?...

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Re: Uranium results coming?...

posted on May 06, 09 10:15AM

The last time they released preliminary field results for the Uranium play in the Otish Basin was Oct 23 with wet chem analysis pending. The lab results weren't released until Jan 22 or 3 months. This time period may have shortened since then but I'm not expecting significant results from the West Millenium samples anyways. The Otish results were very impressive , with cps of 66,000 and a U3O8 of almost 1% in assay. They mentioned also that the assay matched closely to the field results. In other words you get a good idea of what you've found on site with the uranium play. The West Millenium program consisted of 5 core holes which were logged with a radiometric tool but only reported a maximum cps of 1100 without identifying the radioactive species. I am looking forward to the summer work they plan in the Otish basin play as those results came from outcrop, not a boulder train or float. If they can prove up some extent to the existing find then that will have an impact on the share price. Out of curiosity I checked the share price behavior around the Oct 23 press release with the Otish basin results. The only strong price movement was up 32 cents on Sep 24 which was almost a month earlier with no associated press release. Anyways they have some very good prospects to explore this summer and the Golden Mile keeps growing so all is good.

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