BCN 2.56% 3.8¢ beacon minerals limited

why barlee???

  1. 4,287 Posts.
    Hi folks
    After looking back through to 06 at company reports and ann's this is what I found and one of the reasons I think BCN loves Barlee. Yes Gold is their main goal but for those of us who were not already aware take a look.

    BARLEE URANIUM TARGETS IDENTIFIED HIGHLIGHTS

    Multiple uranium anomalies identified within 16km long calcrete
    drainage system at Barlee
    Strongest target, the Mondie 1 anomaly is over 2000m x 500m in size
    Beacon to continue exploration to define and test mineralisation

    Beacon Minerals Ltd (ASX:BCN) has identified several uranium anomalies within a large calcrete drainage system at its Barlee Project, 200km north of Southern Cross in Western Australia.
    The largest of the identified anomalies, Mondie 1, is over 2000m x 500m. All anomalies are hosted in an extensive drainage channel over 16km long and up to 2km wide.
    Beacon intends to advance the Mondie uranium anomalies through further exploration and will consider future development options once the extent of the uranium mineralisation at the Mondie anomalies has been defined and tested.
    Calcrete-hosted uranium deposits generally occur as shallow, 2-6m thick layers hosted in calcrete or playa/salt lake sediments. Better known examples of calcrete-hosted systems of this type include Yeelirrie (35Mt @ 1.5kg/t U3O8 ) and Lake Maitland (32Mt @ 0.33 kg/t U3O8).
    Maybe this is why MR Harris wants a stand alone mine. I am no expert but maybe the mine could serve gold and uranium. Happy to stand corrected if the mine can not cater for both.
    Happy New Year
    PGamble
    P.S I read this and got very excited hence not waiting till Mon to post.
 
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