seid nicht blöd, kauft Uran Explorer mit historischen Ressourcen - 500 Beiträge pro Seite

[_Frank]

Die Chance, dass aus einem Uran Prospekt eine Uranmine wird liegt bei ca. 1/100. Warum sollte man ein derartiges Risiko eingehen, wenn es Uranexplorer mit historischen Ressourcen gibt. Das Risiko ist hier viel geringer als bei grass root Explorern. Meiner Meinung nach sehr aussichtsreiche Uranexplorer mit vorhandenen historischen Ressourcen sind
(Name, Pfund Uran):

Nova Uranium: 77 Mio
Tournigan: > 38 Mio + Moly + Gold
Strathmore: > 200 Mio
SXR Uranium One: > 180 Mio + Produktionsbeginn bereits in 2007

[Spieler0815]

Bei SXR Uranium One das Gold bitte nicht zu vergessen:
Die sind doch mit Afrikander Lease zusammengegangen.
Eben die hat mir der vor kurzem verstorbene Ferdinand Lips in einer persönlichen Mail als aussichtsreich sehr ans Herz gelegt - damals ALLEIN in Hinsicht auf die Goldreserven. Und jetzt mit der Uran Phantasie zusammen...
Viele Grüße
Spieler

[jseyffer]

NOVA URANIUM (V-NUC) $2.80 +0.04
URANIUM $37.00 n/c

Eric Coffin of the Hard Rock Analyst has had an absolutely incredible year last year. His pick of Bear Creek Mining (BCM) was up by almost 600%, his pick of Atna Resources (ATN) up 300%, his pick of Virginia
Gold Mines (VIA) up 500%....you get the drift.

So when he said (although it represents risk) Nova Uranium was one of his favorite picks for this year, we bought a bunch. Funny thing about once you’ve bought a bunch, you tend to want to find out about what the hey it was you bought! And there is not a lot written about
Nova Uranium for background information.

James Dartnell of Wolverton Securities has written a nice piece that gives you just enough to tantalize. He writes; “The Mount Laurier deposit in Quebec is a bulk-tonnage, open pit uranium deposit that based on work done in the late 1970’s has come up with a geological reserve
of 32 million tons grading 2.4 lbs U308 or roughly 77 million lbs of uranium.

It’s already a good start” Dartnell writes.
“The historical reserve was compiled by Bomet Mines in 1979”, but Dartnell notes that “this is pre-NI 43-101 and in non-compliant with current mineral calculations”. The project is 135 km north of Ottawa and 200 km north of Montreal, so transportation and logistics are not going to be a problem at all. They are not way out in the boonies.

Nova optioned the property in November of 2004 and has done some airborne and bedrock sampling and has come up values from .05 lbs to 9.43 lbs per ton. Now they are getting into the exciting start with a two phase program. Phase 1 is to define some drill targets through geochemical and geophysical surveys and then the drilling starts.

They expect to drill 70 holes on the Nova, 30 holes on the Tom Dick and 10 holes in general overall exploration. In the report, Dartnell notes that this project has already seen 667 holes drilled – huge amounts of bulk sampling and has discovered 21 uranium occurrences.
Also of interest in the report Dartnell notes that in 1985, a German company produced an “Economic Potential Study” that suggested that Nova A, could grade about one third higher due to bulk enrichment factors.
Either way, we are already on board this story and we suspect late February and early March when drilling starts and results are neigh, this is going to create a lot of excitement in a sector of the market that
is definitely hot. One advantage Nova has over so many uranium players is that it’s not priced in the typical “Alice in Wonderland” fashion.

Nova only has a mere 17 million shares out versus so many of the 200 plus uranium players that carry lofty valuations with no room for error.

If you want copies of the report, contact Nova Uranium at 604-687-7178.

[jseyffer]

noch 2000% mit NOVA möglich !?

Bullboards Stockhouse posting:

> So here comes NUC trading at $3.00 with 16 millions shares outstanding, sitting on potentially 77 millions pounds. NUC seems very, very cheap, still!!
77 mio lbs already there at "Nova A", which could be upgraded to 100 mio with drilling to NI 43-101 resources.

"NOVA B" - no historical resources available
"TOM DICK" - no historical resources available
"REST OF PROPERTY" - no historical resources available

speculating on a +200 mio lbs of U3O8 could become truth.

market cap 1.000 mio within 2 years == share price $58,80

WHY SHOULD I SELL ONE SHARE????

cheers, going LONG for a HUGE ride

[tin]

Die SXR haben bei finance.yahoo.com eine Sprungstelle im Kurs. Sind die tatsächlich so gestiegen, oder gab es eine Kapitalmaßnahme?

Nova Uranium hat sich seit November versechsfacht, DA WÄRE ICH GERNE DABEI GEwESEN!!!

Grüße

[jseyffer]

[posting]20.018.819 von tin am 02.02.06 21:27:34[/posting]Nova hab ich erst seit Dezember im Depot (zu spät entdeckt). Mein Favorit für 2006. Rechne mit seitwärts Bewegung bis Ende Februar - Mitte März.

Vorher wird`s wohl keine ersten Drillergebnisse geben.

Bis dahin, bei Schwäche einsammeln!

MfG

[jseyffer]

ganz aktuell !
Nova Awards Drill Contract
2/7/2006

VANCOUVER, BRITISH COLUMBIA, Feb 7, 2006 (CCNMatthews via COMTEX) --
Nova Uranium (TSX VENTURE:NUC) is pleased to announce that it has awarded a drill contract to Benoit Diamond Drilling Limited of Val D`Or, Quebec. The contract covers a minimum of 2,500 metres for the initial phase of Nova`s Mont Laurier area drill program. Nova has applied for the necessary land use permits and anticipates receiving them prior to February 15th 2006. Drilling will begin shortly after receiving the permits.

The initial drill program will test limited portions of the Nova "A" and "B" zones with 25 to 30 large diameter HQ drillholes. Historical estimates for the Nova "A" zone by Bomet Mines in 1979, based on core and rotary air blast drilling together with shallow bulk sampling, estimate that it contains 77 million pounds of U3O8 in 32.36 million tons of material grading 2.4 lb/ton (0.12%) U3O8 (1). No historical resource calculations are available for the Nova "B" zone.

Nova`s target is a straightforward and safely mineable open pit bulk tonnage deposit with good access and infrastructure in the mining friendly regulatory environment of south central Quebec, Canada.

ON BEHALF OF THE BOARD

Donald G. Moore, CEO, President and Director

(1) Mr. Michael Moore, P.Geo is the qualified person who has reviewed the technical information contained in this news release on behalf of the Company. Calculations of Uranium resources at Nova `A" Zone are historical in nature, predate and are non-compliant with NI 43-101. Nova is not treating the historical estimate as current mineral resources or reserves. Nova has not undertaken any independent investigation of the resource estimate nor has it independently analyzed the results of the previous exploration work in order to verify the resources, and therefore the historical estimates should not be relied upon. However, Nova believes that these historical estimates provide a conceptual indication of the potential of the occurrence and are relevant to ongoing exploration.

SOURCE: Nova Uranium Corporation

Nova Uranium Corporation Donald G. Moore CEO, President and Director [phone] or Toll Free: 1-800-398-5645 www.novauranium.com

Copyright (C) 2006 CCNMatthews. All rights reserved

[jseyffer]

David Pescod von Cannacord Capital Corporation wird am Freitag "Nova Uranium" als "Drill Play of the Year " vorstellen.

Nähere Infos über [e-mail] oder per BM mit Angabe der Addresse zum Senden einer PDF-Datei.

MfG

[jseyffer]

hier der Report von David Pescod, erschienen Freitag nach Börsenschluss

NOVA URANIUM (V-NUC) $2.85 -0.06
I think this is it! We are referring to this correction, that we have been mumbling about for the last two or three weeks. The junior mining market has been incredibly
generous over the last few months and as we all know the “Market God’s” just don’t let you make too much money without having to sweat about it….

Today, the commodity that everyone watches is gold and it gets pounded—down $14.60 and it takes the entire commodity sector with it. Copper is down $0.08, Zinc is
down $0.07, Lead is down, Aluminum is down, well you get the drift.

If it is the correction we are looking at, I wouldn’t be surprised if it is like the oil correction that we experienced back in October. It was swift and about two months later it was as if nothing had happened at all! These commodity prices, even after the drop today, are truly awesome.

Meanwhile, it is the same bad news for oil and gas—you know that we’re short EnCana and we have been talking about that a lot. Who knew that there would be no
winter over North America and because of that, Natural gas prices have dropped from $15 to $7.

I suspect next Wednesday when EnCana comes out with it’s results, a lot of people are going to be surprised by lower than expected revenue (due to gas prices much lower than expected) and the other concern in the oil & gas patch these days—costs spiraling out of control.
We are going into spring when demand for oil & gas drops. A six week slide for oil & gas stocks? But, for those who have also been worried and raised cash and have taken some profits, this is going to be a great time, we think, for bargain hunting.

We hope that we have found the next great little zinc-copper play, that will give us as much fun as Breakwater did before, but as far as the big play….it is time to take a look at Nova Uranium.

Nova Uranium has already doubled since we wrote up Eric Coffin’s suggestion back on January 4th when it was a mere $1.48, but Coffin is still saying that it’s his
top pick in the junior exploration game today. For those who subscribe to the Coffins Hard Rock Analyst, you had a heads up at $0.60.

He suggests it has the chance to be the next Virginia Gold Mines (VIA), so with that in mind, we figured it was time to take a look at it. The first thing a person
should be looking at these days is number of shares outstanding. It’s a question no one seems to be asking and some of these junior mines out there are getting to a
level that makes you wonder.

The good news on Nova is that President Don Moore has been very tight with issuing stock and an investor/speculator in this game has one big advantage going for him – leverage! Fully diluted, Nova has only 17.6 million shares outstanding at a time when every junior miner out there seems to have an outrageous 50 million, 60 million or 100 million (Tyler Resources) or 800 million (Tahera Diamonds) shares outstanding. If this program works out…..there will be leverage. The best background look at Nova is probably one done by Jim Dartnell, the mining analyst with Wolverton Securities.

(To get your copy, just e-mail Sandra at sandra_
[e-mail]).

Dartnell writes: “Nova Uranium Corporation is targeting a large bulk-tonnage uranium deposit – the Mont Laurier Property which hosts a reported, historical geological resource of 32.36 million tons of mineralization grading 2.4 lbs of uranium oxide per ton”. That works out to 77 million pounds Dartnell suggests and that would seem as if they already have a good start.

He notes that “this is a historical resource compiled by Bomet Mines in 1979, so it is pre-NI 43-101 and therefore non-compliant. However, we do consider it relevant for analytical and comparison purposes. A resource by definition has no demonstrated economic viability as contrasted to a “reserve” that is an integral part of a feasibility study”.

The Mont Laurier play is in mining-friendly Quebec, 85 miles north of Ottawa and about 125 miles north of Montreal and easily accessible from the small town of Mont Laurier. Nova optioned the property in November of 2004, just before the uranium exploration frenzy opened up and we saw uranium centered junior exploration companies go from about three to over 200 and a
very pricey sector.

Dartnell writes: “they’ve completed airborne surveys and bedrock sampling in the Nova A and B zones, which returned values ranging from 0.05 lb up to 9.43 lbs U308 per ton”. He suggests that two phases of exploration are
planned. “Phase 1 largely “consisted” of defining drill targets, geochemical and geophysical surveys, radiometric surveys and trenching on the high priority Nova and Tom Dick Groups. A big percentage of the $1 million Phase II
budget is towards diamond drilling on the Nova – 70 holes and Tom Dick – 30 holes with a portion earmarked for general exploration – another 10 holes”.

The interesting parts about this play is that we have to remember that it was drilled 30 years ago and what current drilling could come up with is always the chance that it could be quite different than with what was recovered before. Also in 1985 a German company published a report entitled “Economic Potential Study” and suggested that the grade on the property could be as much as one third higher owing to the concept of the “bulk enrichment factor”. There is also the knowledge that much of the drilling that was done 30 years ago was only drilled about 30 meters to the water table and what might be under that, could be something that could add significantly to reserve resources…or not.

Company President Don Moore suggests the analogy for their property is the Langer Heinrich property of Paladin. Theirs is more advanced, but has roughly the same kind of resource as Nova might have, although they have raised $90-odd million to build a mill and do have two other properties, but it is an example to us of just how pricey uranium stocks can get. Paladin is currently
trading with almost ½ billion shares outstanding with a market cap of around 1.4 billion. Ouch!

Moore mentions that they have got their drilling crews ready to go and all they are waiting for is a forestry permit and then the drills can get at it. He suspects the first two months are going to be very exciting to see if those first drill holes can come up with numbers equaling 30 years ago, or possibly even better. Or not!
There are also another 19 occurrences on the property Moore points out, so over time, they are going to have to take a look at several of those, which could provide additional good news again, or not.

Like most mining plays, he says “it all comes down to grade and size of the deposit and it’s going to take the next 6-8 months to get an idea of which way that is going.” Either way, the next 12-18 months for this particular play is going to provide lots of excitement. We own a bunch!

As far as targets, again Eric Coffin suggests $10.00 should things work out and Dartnell tells us, “should drilling indicate a success, $7.50 to $10.00 is possible”. Again for good background information, we have copies of Dartnell’s report, just e-mail Sandra.

Also, for those who don’t follow the Hard Rock Analyst, you probably should. It’s probably the most significant mining letter you really need. Simply go to www.hardrockanalyst.com and click on “subscribe” and we suspect your subscription fee will be paid for in good information in no time!

We call NUC “The Drilling Play of the Year”, because we have big expectations.

After all, they are trying to replicate some old results, plus the chance to come up with some grades that are even higher and increase the tonnage by going deeper plus with other locations that were never tested before, there is always the upside and potential resource estimates.
As everyone knows, though, when you are looking at a drilling play, there are so many things that can go wrong, which are usually things out of left field that you never would have even thought of.
After experience with Bre-X, no one would be surprised to find numbers, that were done years ago, weren’t somehow misleading….who knows about any land claims, or drilling happening on time, core recovering, land disputes, someone suing someone over what seems ridicules and delaying progress…….

There are so many things that can go wrong, but given all this...this is a project that has been examined before with positive results in a mining friendly environment that is close to most needed facilities and two pretty
good stock pickers that are suggesting they have big expectations for this story.

Once again, the bottom line is the bigger reward you are looking for usually entails the bigger risks.

[jseyffer]

die BOHRARBEITEN starten in KÜRZE !!

MfG

[jseyffer]

Hallo,

Nachdem es fast 2 Monate seitwärts ging, könnten durch die in Kürze beginnenden Bohrarbeiten wieder Kaufsignale generiert werden. Ein 6-Monatsziel liegt im Bereich zwischen $7,50 und $10, sollten die historischen Resourcen bestätigt werden. Sollte "Nova B" ähnliche Urangehalte wie "Nova A" zeigen, könnte es noch höher raufgehen. Da frühere Bohrungen nur bis zum Grundwasserspiegel (ca.25m) durchgeführt wurden, besteht zudem die Möglichkeit auch die Resourcen von "Nova A" zu erhöhen.

David Pescod 780-408-1750 Debbie Lewis 780-408-1748 Sandra Wicks 780-408-1749 Page 2
NOVA URANIUM (V-NUC) $3.00 +0.20

They note on Nova Uranium that, “the stock has now
turned over 5.4 million shares at its current price in the last
40 days, enough to consider it cleaned up at this price
level. It should be drilling at Laurier once permitting is
completed, and we will consider it moved to spec buy from
accumulate on that announcement.”
Eric tells us that it is now his favorite story and we sure
hope that the magic is there, as we own a bunch!

[_Frank]

Hallo J!

sehe ich genauso. Nova wird uns noch viel Freude machen

[jseyffer]

Nova Receives Land Use Permit and Expands Property
2/22/06

VANCOUVER, BRITISH COLUMBIA, Feb 22, 2006 (CCNMatthews via COMTEX) --
Nova Uranium (TSX VENTURE:NUC) is pleased to announce that it has received the required land use permit to initiate Phase One of its planned drill program on the Nova "A" and "B" zones at it`s Mount Laurier Uranium Property.

Access roads are currently being cleared for Benoit Diamond Drilling`s mobilization onto the property. The Phase One drill program, a planned 30 shallow (up to 100 metres deep) vertical large diameter core drillholes on the Nova "A" and "B" zones, will commence prior to month end.

Nova has received preliminary results of the property-wide Terraquest airborne radiometric survey which was flown in late October 2005. Combined with the November 2004 Sander Geophysics airborne radiometric survey, most of Nova`s extensive property has now been surveyed. These geophysical surveys have successfully confirmed the location of surface uranium showings reported in historical documents and have also identified a number of new target areas. As a direct result of the recent survey, Nova has staked an additional 80 claims, increasing the size of the Mont Laurier Property from about 180 square kilometres to 228 square kilometres.

In addition to drilling the Nova showing, Nova`s exploration program will involve follow up of the additional known 20 surface uranium showings on the property and investigate airborne radiometric and ground geochemical anomalies.

Nova`s primary target is a straightforward and safely mineable open pit bulk tonnage uranium deposit with good access and infrastructure in the mining friendly regulatory environment of south central Quebec, Canada.

ON BEHALF OF THE BOARD

Donald G. Moore, CEO, President and Director

SOURCE: Nova Uranium Corporation

Nova Uranium Corporation Donald G. Moore CEO, President and Director [phone] or Toll Free: 1-800-398-5645 www.novauranium.com

[006]

ich glaube es wird langsam zeit zuzusteigen!
hoffentlich klappts mit nova uranium
go baby
006

[jseyffer]

[posting]20.327.221 von 006 am 22.02.06 15:57:32[/posting]Gute Idee, noch ist es nicht zu spät!

MfG

[006]

sag mal schreibst du aus der zukunft?(siehe post13)

006

[jseyffer]

[posting]20.327.807 von 006 am 22.02.06 16:23:12[/posting]wieso, heut ist doch der 22.Februar. Oder nicht?

MfG

[jseyffer]

Wir werden jetzt langsam Richtung $4 marschieren.

Nach den ersten Drillergebnissen (ca. 4-6 Wochen) geht`s dann zügig Richtung $10.

Bitte alles einsteigen!

MfG

[006]

@jseyffer
uhrzeit post 13 und 14 vergleichen
006

[jseyffer]

[posting]20.328.645 von 006 am 22.02.06 17:01:34[/posting]Habs noch nicht kapiert.

der Zug bleibt leer!

MfG

[jseyffer]

[posting]20.328.645 von 006 am 22.02.06 17:01:34[/posting]@006

bist Du in Kanada eingestiegen, habe in Berlin vergeblich gewartet.

SK ca. $3,52

Schlusskurs auf ATH, was bedeutet das?

MfG

[006]

ich bin bei 1.45can$ eingestiegen
zwar nur mit kleiner position,weil riskant aber wenn sie in dem tempo weiterläuft kommts gut
006

[jseyffer]

[posting]20.334.484 von 006 am 22.02.06 22:23:25[/posting]wenn Sie den historischen Urangehalt (2,4 lb/t) auf "Nova A" bestätigen sehe ich kurzfristiges Potential von +500%.

schicke mal eine Mail an [e-mail] und lass dich auf den Verteiler von "David Pescod`s Late Edition" setzen. Ist kostenlos!

MfG

[006]

schlusskurs
3.80can$
006

[jseyffer]

[posting]20.371.890 von 006 am 24.02.06 22:26:53[/posting]Hallo 006,

Intraday High bei $3,83, aber es kauft eben niemand auf ATH nach 800% Anstieg in 4 Monaten, obwohl die Fundamentaldaten einen weiteren Anstieg rechtfertigen.
Vor Dezember kann ich eh nicht verkaufen, wenn ich nicht meinen Profit mit dem FA teilen will, also "GO LONG".

Nova Uranium, die (un)heimliche Paladin.

oder "Drill Play of the Year " (David Pescot).

Schönes Wochenende

[banagher]

@all,

überlege einzusteigen. Habe aber noch Fragen, vielleicht habe ich es aber auch überlesen, dann bitte nicht böse sein.

1. Ist U P eine reine Explorer - oder auch und Minengesellschaft, ich hatte verstanden, daß es beides ist trifft das zu ?
2. Wie ist das Kürzel in CDN an der TSX ?

Was muss ich sonst noch wissen über UP?

[jseyffer]

[posting]20.408.645 von banagher am 27.02.06 19:08:18[/posting]Nova ist zur Zeit Explorer mit dem Ziel zum Produzenten aufzusteigen.

Nova`s primary target is a straightforward and safely mineable open pit bulk tonnage uranium deposit with good access and infrastructure in the mining friendly regulatory environment of south central Quebec, Canada.

Das Kürzel ist NUC an der Venture-Exchange.

MfG

[jseyffer]

Richtig Umsatz heute bei NOVA, nur meine Order führt der MM nicht aus!

MfG

[jseyffer]

[posting]20.427.220 von jseyffer am 28.02.06 17:38:34[/posting]überlistet!

[006]

hallo jseyffer
im bullboards hat jemand der an der pdac mit leuten von nova u. gesprochen hat berichtet das uran sei nicht von der besten qualität(mont laurier)
weisst du was darüber und wie schätzt du das ein -bewertung der firma bei bestätigung der vielen millionen pfund uran!(evtl. von schlechter qualität)
006

[RAINBOWSIX]

[posting]20.534.219 von 006 am 06.03.06 14:01:52[/posting]

[jseyffer]

[posting]20.534.219 von 006 am 06.03.06 14:01:52[/posting]Hallo 006,

gemeint ist nicht "schlechte Qualität" sondern "niedriger Urangehalt".

Die historischen Messungen bewegen sich zwischen 1 und 2,4 lbs/tonne. Die 77 mio. lbs von "Nova A" beruhen auf 2,4 lbs/tonne im Durchschnitt.

Wenn die aktuellen Bohrungen nur 1 lbs/tonne zeigen, so reduzieren sich die 77 mio lbs auf "nur noch" 32 mio lbs.

Allerdings sind diese dann nach NI 43-101 Standard gemessen und stellen einen höheren Marktwert dar.

Nach letzten Info`s von IR, werden die ersten 10 Bohrungen auf "Nova B" durchgeführt und im Anschluss 20 auf "Nova A".

Alle historischen Bohrungen wurden nur bis zum Grundwasserspiegel (20-25m Tiefe) gemacht. Nova will aber zumindest die ersten 10 Bohrungen bis zu einer Tiefe von 100 Metern durchführen.

Es verbleiben zusätzlich 20 Stellen, die noch nie genauer untersucht wurden.

Anbei das Interview mit dem CEO, allerdings nur englisch.

By David Pescod - Canaccord
March 06, 2006
“Interview with Don Moore President of Nova Uranium”

Don Moore: The Uranium history of the area starts back in
1967. It was actually prospectors who first found uranium that
ran around 2 pounds per ton. This was in an era when Elliot
Lake was operating. There were mines in Bancroft mining
Uranium from Pegmatite. A company by the name of Canadian
Johns Mansville decided that they wanted something
other than asbestos to look at, so they went into and accumulated
at very large land package in the Grenville Geological
Province to look for Uranium in Pegmatite’s along the line of
Uranium production at Bancroft.
In the midst of their staking rush another company came in
called Allied Mining and they staked a big package of the
ground in the midst of Canadian Johns Mansville. It was the
Allied Mining ground that became the ground on which our
Nova A and Nova B zones were originally discovered.
Allied Mining’s initial review of the property was based on a
series of 41 drill holes, small diameter, A core size drill holes.
They drilled off 32 ½ million tons of rock and their only assays
were of what they called Pegmatite’s. They did not assay any
other rock types.
At the end of that exercise they had 32 ½ million tons grading
0.38 pounds of Uranium, which we just called “rock”, but
the geology over this 32 ½ million tones had been established
as being various bands of rock, one of which was pegmatite,
and that is what they have assayed.
Based on that grade they eventually dropped the ground
and by 1975, the ground had come open. The Quebec Government
geologist, a gentleman by the name of L. Kish went in
and reassessed the area on his own and published a paper. It
was his assessment of the area that demonstrated the pegmatite
did not carry significant uranium, but the paragneiss rock
type did. He determined that the majority of the uranium in
that area was in the paragneiss.
In 1975 Kish published a paper to that effect and another
company called Bomet Mines then picked up the property.
Bomet Mines went back in and started to reassess the 32 ½
million tons identified by Allied Mining. On their way into the
site, they discovered what we now call our Nova ‘B’ site. They
had taken, at that time, 14 – 10 pound samples from surface.
The average was 4.85 pounds per ton and that gave them encouragement.
They drilled a few holes in the ‘new’ zone, which were encouraging,
and then they went into the area that had been drilled by
Allied Mining. Within the area of the 32 ½ million tons that Allied
Mining had drilled, Bomet set up a series of holes on 50 meter
centers to test the Kish thesis regarding the distribution of
Uranium. They drilled approximately 40 holes using rotary air
blast (RAB) drill rigs outlining 3.5 million tons within the 32.5
million and came up with an improved grade of 1 pound Uranium
per ton.
By November 1977 Bomet realized that the grade was being
understated and they went back in to take larger more representative
surface samples from around the collars of six of the drill
sites. They took 6 bulk samples over the collars of 6 different
areas and they came up with what I call a fudge factor. They
found that the bulk samples were 2.38 times what the actual
value was in that particular collar of a hole.
All of the holes averaged 1 pound and it was concluded that
the grade for the 3.5million tons was 2.4 pounds per ton. This is
one obvious leap of faith. The RAB holes indicated 1 pound and
yet they assigned 2.4 pounds to that overall area since the bulk
samples was 2.38 times what the holes were. This is a reasonable
assumption, but until we have completed our own assessment
we won’t know for sure whether that 2.4 pounds is going to
stand up.
When we start to drill we are going to be seeing how accurate
those bulk samples were verses the RAB holes. There has been
work done in Colorado using rotary air blast drills and there
have been studies on the work done. It has been documented
that RAB drilling significantly understates uranium values.
It’s not that big of leap of faith to go from 1 pound to some
number considerably bigger. Now whether that number is going
to go all the way to 2.4 pounds, we just don’t know. That’s why
we will be drilling.
David Pescod: Okay, everyone’s got Bre-X on their mind, of
course, about drilling being done decades okay……
Don: No, we aren’t at all worried about that. I am quite confident
that the one pound is going to stand up. The 1-pound from the
RAB is not going to be compromised; I don’t believe it is going
to be compromised at all. And, I think that number is going to
be something considerably bigger.
If it is 1.4 pounds I am going to point to Paladins Langer
Heinrich deposit as an analogy. If it is over 1.4 pounds we are
going to have a blast here! It is just going to be a real amazing
time that all of us are going to have with this stock.
The next obvious thing is, were the Allied Mining people
right when their drilling established the geology and presence
of uranium in what they were calling pegmatite’s
through that 32 ½ million tons? Bomet extrapolated and said
okay, so this 3.5 million tons that we drilled off at 50 centers
is averaging 2.4 pounds, therefore the 32 ½ tons based on
the same rock type, same geology and the fact that the uranium
is in the Pegmatite, should extrapolate to a total of 77
million pounds, down to 100 feet.
The 100 feet comes from the RAB-drilling. The RAB drilling
was scheduled to go down to 50 meters, but every time
they hit the water table, the hole would end. . They generally
ended around 100 feet. The bottom part of numerous holes
still showed an assay. Yet the hole bottomed at say 30 – 35
meters because of water table. We don’t really know how
much more depth there is.
There were other drill logs by Allied Mining that referred
to basement granites. Yet when we look at the old logs,
they drilled through ‘basement’ granite back into paragneiss.
There is a depth potential here that we know nothing
about. This is a depth aspect that we want to test when we
get out there and that’s why the first batch of holes is going
down to 100 meters. We want to get some kind of feel for
what might below 100 feet. The extrapolation from 3 ½ million
tons to 32 ½ million tons of a grade of 2.4 pounds is
another one of the obvious extrapolations that has to be
tested.
So when you say, what can go wrong? Well, they could
have been wrong on their estimations. What are the odds
against that? Well I think that the odds that the grade is
better than one pound are excellent. Really excellent! Is it
2.4 pounds? I don’t know. . The results from our first surface
sampling program are very encouraging. Roughly 60pc
of the samples from both the Nova ’A’ and Nova ‘B’ were
over 1 pound Uranium; approximately 30pc were over 2
pounds. That’s good. We just have to drill and find out.
David: Okay. Let’s look at the worst scenario that it’s only 1
pound. How would the economics work, what would the
capital costs be, etc?
Don: I’m not informed enough to give you those answers
right now. At one pound you just need a large operation –
like 10,000 to 15,000 tons a day. It will generate positive
cash flow. At $38 uranium, one pound is a very profitable
operation. At $22 – well, you are getting right down to the
bottom end of the cut-off. But at $38, it’s a very profitable
operation.
Until there is an actual scoping study these are difficult
questions to answer. We have to get a handle on two things.
First of all, we have to get a handle on what the grade of the
Nova ‘A’ and Nova ‘B’ might be, and get a good solid handle
on it. Secondly, we have to get a handle on size.
We are looking at radiometrics and previous drilling that
make us think this mineralization is going to be measured
by kilometers in length rather than hundreds of meters. The
first exercise is to establish grade. We are actually starting
our drilling on the Nova B. There has never been a resource
estimate done for Nova ‘B’. In 1979, Bomet in their report
said, “it is safe to assume there is at least as much in the
(Nova) B as there is in the (Nova) A” which would imply that
we could be looking at a very, very large numbers of pounds
here. It could be comparable to what you’re seeing over at
the Langer Heinrich. That’s why this is so exciting. If this
project stands up, we are going to have a lot of fun. The
first task is to try and establish grade and the next level of
work would be to establish size.
David: You’ve also mentioned that there are 19 other occurrences?
Don: Twenty other occurrences other than the Nova. For
example, we know that the Tom Dick occurrence has had
bulk samples of 1000 pounds that have graded over 2
pounds. But we haven’t even had a person on Tom Dick yet.
The radiometrics in that area are encouraging. The Seneca
is looking interesting, the Bear looks interesting and even
the Meekos looks interesting. These are all areas that we
have to get into and establish some kind of priority for the
rest of these targets. The most obvious next priority is the
Tom Dick because of the bulk sample running over two
pounds. But we just can’t tell you enough about it right now
to know whether it’s going to hold together by the end of the
summer. With all these other occurrences, we first have to
get a handle on what we are really looking at.
David: You are in mining-friendly Quebec and close to lots
of facilities. That’s got to help the economics?
Don: Hugely! The importance of a mining-friendly Quebec
cannot be over-emphasized. Other people in the industry
who will remain nameless, but who do know what they are
talking about, have told me that the two preferred places on
the planet, or at least in North America for having Uranium
deposit would be Wyoming and Quebec,. There are places
like Saskatchewan were they are obviously operating and
doing well, but just for starting something new, Quebec and
Wyoming are apparently the two best spots to be according
to some industry experts. And we are obviously in one of
them.
David: That’s mainly regarding royalties and whether mining
is friendly or not?
Don: Regarding mining friendly – they are very supportive in a
wide variety of ways. The infrastructure on this particular property
is outstanding, the paved road comes up to the western edge
of our property and then it continues as a gravel road right
through the midst of the property. There is a power-line running
down through the property so some of the basic components are
there. Mont Laurier is about 60 kilometers to the south. It’s a
town that’s big enough to support any kind of a mining operation.
It’s far enough away from Mont Laurier that it is not going to interfere
with anyone. There are no cottages or anything in the
area other than black flies and mosquitoes. Not too much
swamp, but a little bit.
The Provincial incentives for mining exploration are the best in
Canada. The rules are the most reasonable. The logistical support
is great. A great place for us to be.
Bottom Line: We are quite confident with Nova A coming up with
a pound on the downside based on the RAB drilling. We don’t
see anything less than that. There is no reason to disbelieve at
this point the potential for coming to the extrapolations that
they’ve made previously based on the bulk samples. We are
looking for a pound or better in the Nova A. We are just going to
stick with one pound as a benchmark. One pound in the Nova ‘B’
and we are going to win! As we go up the grade ladder, 1.4
pounds looking like the Langer Heinrich, and see how much we
win! If it’s over that, we are going to have a blast! It’s going to
make a lot of people a lot of money!
Thanks Don! And we may have called this “the Drill Play of the Year” -
it’s because of the leverage. With only 17 million shares outstanding, if
it hits, it could be big! Just remember, not all drill plays work out, in
fact, very few do!

[jseyffer]

[posting]20.534.219 von 006 am 06.03.06 14:01:52[/posting]Hallo 006,

hier das Interview mit dem CEO von Nova!
zusammenfassung folgt!

MfG

By David Pescod - Canaccord
March 06, 2006
“Interview with Don Moore President of Nova Uranium”

Don Moore: The Uranium history of the area starts back in
1967. It was actually prospectors who first found uranium that
ran around 2 pounds per ton. This was in an era when Elliot
Lake was operating. There were mines in Bancroft mining
Uranium from Pegmatite. A company by the name of Canadian
Johns Mansville decided that they wanted something
other than asbestos to look at, so they went into and accumulated
at very large land package in the Grenville Geological
Province to look for Uranium in Pegmatite’s along the line of
Uranium production at Bancroft.
In the midst of their staking rush another company came in
called Allied Mining and they staked a big package of the
ground in the midst of Canadian Johns Mansville. It was the
Allied Mining ground that became the ground on which our
Nova A and Nova B zones were originally discovered.
Allied Mining’s initial review of the property was based on a
series of 41 drill holes, small diameter, A core size drill holes.
They drilled off 32 ½ million tons of rock and their only assays
were of what they called Pegmatite’s. They did not assay any
other rock types.
At the end of that exercise they had 32 ½ million tons grading
0.38 pounds of Uranium, which we just called “rock”, but
the geology over this 32 ½ million tones had been established
as being various bands of rock, one of which was pegmatite,
and that is what they have assayed.
Based on that grade they eventually dropped the ground
and by 1975, the ground had come open. The Quebec Government
geologist, a gentleman by the name of L. Kish went in
and reassessed the area on his own and published a paper. It
was his assessment of the area that demonstrated the pegmatite
did not carry significant uranium, but the paragneiss rock
type did. He determined that the majority of the uranium in
that area was in the paragneiss.
In 1975 Kish published a paper to that effect and another
company called Bomet Mines then picked up the property.
Bomet Mines went back in and started to reassess the 32 ½
million tons identified by Allied Mining. On their way into the
site, they discovered what we now call our Nova ‘B’ site. They
had taken, at that time, 14 – 10 pound samples from surface.
The average was 4.85 pounds per ton and that gave them encouragement.
They drilled a few holes in the ‘new’ zone, which were encouraging,
and then they went into the area that had been drilled by
Allied Mining. Within the area of the 32 ½ million tons that Allied
Mining had drilled, Bomet set up a series of holes on 50 meter
centers to test the Kish thesis regarding the distribution of
Uranium. They drilled approximately 40 holes using rotary air
blast (RAB) drill rigs outlining 3.5 million tons within the 32.5
million and came up with an improved grade of 1 pound Uranium
per ton.
By November 1977 Bomet realized that the grade was being
understated and they went back in to take larger more representative
surface samples from around the collars of six of the drill
sites. They took 6 bulk samples over the collars of 6 different
areas and they came up with what I call a fudge factor. They
found that the bulk samples were 2.38 times what the actual
value was in that particular collar of a hole.
All of the holes averaged 1 pound and it was concluded that
the grade for the 3.5million tons was 2.4 pounds per ton. This is
one obvious leap of faith. The RAB holes indicated 1 pound and
yet they assigned 2.4 pounds to that overall area since the bulk
samples was 2.38 times what the holes were. This is a reasonable
assumption, but until we have completed our own assessment
we won’t know for sure whether that 2.4 pounds is going to
stand up.
When we start to drill we are going to be seeing how accurate
those bulk samples were verses the RAB holes. There has been
work done in Colorado using rotary air blast drills and there
have been studies on the work done. It has been documented
that RAB drilling significantly understates uranium values.
It’s not that big of leap of faith to go from 1 pound to some
number considerably bigger. Now whether that number is going
to go all the way to 2.4 pounds, we just don’t know. That’s why
we will be drilling.
David Pescod: Okay, everyone’s got Bre-X on their mind, of
course, about drilling being done decades okay……
Don: No, we aren’t at all worried about that. I am quite confident
that the one pound is going to stand up. The 1-pound from the
RAB is not going to be compromised; I don’t believe it is going
to be compromised at all. And, I think that number is going to
be something considerably bigger.
If it is 1.4 pounds I am going to point to Paladins Langer
Heinrich deposit as an analogy. If it is over 1.4 pounds we are
going to have a blast here! It is just going to be a real amazing
time that all of us are going to have with this stock.
The next obvious thing is, were the Allied Mining people
right when their drilling established the geology and presence
of uranium in what they were calling pegmatite’s
through that 32 ½ million tons? Bomet extrapolated and said
okay, so this 3.5 million tons that we drilled off at 50 centers
is averaging 2.4 pounds, therefore the 32 ½ tons based on
the same rock type, same geology and the fact that the uranium
is in the Pegmatite, should extrapolate to a total of 77
million pounds, down to 100 feet.
The 100 feet comes from the RAB-drilling. The RAB drilling
was scheduled to go down to 50 meters, but every time
they hit the water table, the hole would end. . They generally
ended around 100 feet. The bottom part of numerous holes
still showed an assay. Yet the hole bottomed at say 30 – 35
meters because of water table. We don’t really know how
much more depth there is.
There were other drill logs by Allied Mining that referred
to basement granites. Yet when we look at the old logs,
they drilled through ‘basement’ granite back into paragneiss.
There is a depth potential here that we know nothing
about. This is a depth aspect that we want to test when we
get out there and that’s why the first batch of holes is going
down to 100 meters. We want to get some kind of feel for
what might below 100 feet. The extrapolation from 3 ½ million
tons to 32 ½ million tons of a grade of 2.4 pounds is
another one of the obvious extrapolations that has to be
tested.
So when you say, what can go wrong? Well, they could
have been wrong on their estimations. What are the odds
against that? Well I think that the odds that the grade is
better than one pound are excellent. Really excellent! Is it
2.4 pounds? I don’t know. . The results from our first surface
sampling program are very encouraging. Roughly 60pc
of the samples from both the Nova ’A’ and Nova ‘B’ were
over 1 pound Uranium; approximately 30pc were over 2
pounds. That’s good. We just have to drill and find out.
David: Okay. Let’s look at the worst scenario that it’s only 1
pound. How would the economics work, what would the
capital costs be, etc?
Don: I’m not informed enough to give you those answers
right now. At one pound you just need a large operation –
like 10,000 to 15,000 tons a day. It will generate positive
cash flow. At $38 uranium, one pound is a very profitable
operation. At $22 – well, you are getting right down to the
bottom end of the cut-off. But at $38, it’s a very profitable
operation.
Until there is an actual scoping study these are difficult
questions to answer. We have to get a handle on two things.
First of all, we have to get a handle on what the grade of the
Nova ‘A’ and Nova ‘B’ might be, and get a good solid handle
on it. Secondly, we have to get a handle on size.
We are looking at radiometrics and previous drilling that
make us think this mineralization is going to be measured
by kilometers in length rather than hundreds of meters. The
first exercise is to establish grade. We are actually starting
our drilling on the Nova B. There has never been a resource
estimate done for Nova ‘B’. In 1979, Bomet in their report
said, “it is safe to assume there is at least as much in the
(Nova) B as there is in the (Nova) A” which would imply that
we could be looking at a very, very large numbers of pounds
here. It could be comparable to what you’re seeing over at
the Langer Heinrich. That’s why this is so exciting. If this
project stands up, we are going to have a lot of fun. The
first task is to try and establish grade and the next level of
work would be to establish size.
David: You’ve also mentioned that there are 19 other occurrences?
Don: Twenty other occurrences other than the Nova. For
example, we know that the Tom Dick occurrence has had
bulk samples of 1000 pounds that have graded over 2
pounds. But we haven’t even had a person on Tom Dick yet.
The radiometrics in that area are encouraging. The Seneca
is looking interesting, the Bear looks interesting and even
the Meekos looks interesting. These are all areas that we
have to get into and establish some kind of priority for the
rest of these targets. The most obvious next priority is the
Tom Dick because of the bulk sample running over two
pounds. But we just can’t tell you enough about it right now
to know whether it’s going to hold together by the end of the
summer. With all these other occurrences, we first have to
get a handle on what we are really looking at.
David: You are in mining-friendly Quebec and close to lots
of facilities. That’s got to help the economics?
Don: Hugely! The importance of a mining-friendly Quebec
cannot be over-emphasized. Other people in the industry
who will remain nameless, but who do know what they are
talking about, have told me that the two preferred places on
the planet, or at least in North America for having Uranium
deposit would be Wyoming and Quebec,. There are places
like Saskatchewan were they are obviously operating and
doing well, but just for starting something new, Quebec and
Wyoming are apparently the two best spots to be according
to some industry experts. And we are obviously in one of
them.
David: That’s mainly regarding royalties and whether mining
is friendly or not?
Don: Regarding mining friendly – they are very supportive in a
wide variety of ways. The infrastructure on this particular property
is outstanding, the paved road comes up to the western edge
of our property and then it continues as a gravel road right
through the midst of the property. There is a power-line running
down through the property so some of the basic components are
there. Mont Laurier is about 60 kilometers to the south. It’s a
town that’s big enough to support any kind of a mining operation.
It’s far enough away from Mont Laurier that it is not going to interfere
with anyone. There are no cottages or anything in the
area other than black flies and mosquitoes. Not too much
swamp, but a little bit.
The Provincial incentives for mining exploration are the best in
Canada. The rules are the most reasonable. The logistical support
is great. A great place for us to be.
Bottom Line: We are quite confident with Nova A coming up with
a pound on the downside based on the RAB drilling. We don’t
see anything less than that. There is no reason to disbelieve at
this point the potential for coming to the extrapolations that
they’ve made previously based on the bulk samples. We are
looking for a pound or better in the Nova A. We are just going to
stick with one pound as a benchmark. One pound in the Nova ‘B’
and we are going to win! As we go up the grade ladder, 1.4
pounds looking like the Langer Heinrich, and see how much we
win! If it’s over that, we are going to have a blast! It’s going to
make a lot of people a lot of money!
Thanks Don! And we may have called this “the Drill Play of the Year” -
it’s because of the leverage. With only 17 million shares outstanding, if
it hits, it could be big! Just remember, not all drill plays work out, in
fact, very few do!

[jseyffer]

[posting]20.534.219 von 006 am 06.03.06 14:01:52[/posting]By David Pescod - Canaccord
March 06, 2006
“Interview with Don Moore President of Nova Uranium”

Don Moore: The Uranium history of the area starts back in
1967. It was actually prospectors who first found uranium that
ran around 2 pounds per ton. This was in an era when Elliot
Lake was operating. There were mines in Bancroft mining
Uranium from Pegmatite. A company by the name of Canadian
Johns Mansville decided that they wanted something
other than asbestos to look at, so they went into and accumulated
at very large land package in the Grenville Geological
Province to look for Uranium in Pegmatite’s along the line of
Uranium production at Bancroft.
In the midst of their staking rush another company came in
called Allied Mining and they staked a big package of the
ground in the midst of Canadian Johns Mansville. It was the
Allied Mining ground that became the ground on which our
Nova A and Nova B zones were originally discovered.
Allied Mining’s initial review of the property was based on a
series of 41 drill holes, small diameter, A core size drill holes.
They drilled off 32 ½ million tons of rock and their only assays
were of what they called Pegmatite’s. They did not assay any
other rock types.
At the end of that exercise they had 32 ½ million tons grading
0.38 pounds of Uranium, which we just called “rock”, but
the geology over this 32 ½ million tones had been established
as being various bands of rock, one of which was pegmatite,
and that is what they have assayed.
Based on that grade they eventually dropped the ground
and by 1975, the ground had come open. The Quebec Government
geologist, a gentleman by the name of L. Kish went in
and reassessed the area on his own and published a paper. It
was his assessment of the area that demonstrated the pegmatite
did not carry significant uranium, but the paragneiss rock
type did. He determined that the majority of the uranium in
that area was in the paragneiss.
In 1975 Kish published a paper to that effect and another
company called Bomet Mines then picked up the property.
Bomet Mines went back in and started to reassess the 32 ½
million tons identified by Allied Mining. On their way into the
site, they discovered what we now call our Nova ‘B’ site. They
had taken, at that time, 14 – 10 pound samples from surface.
The average was 4.85 pounds per ton and that gave them encouragement.
They drilled a few holes in the ‘new’ zone, which were encouraging,
and then they went into the area that had been drilled by
Allied Mining. Within the area of the 32 ½ million tons that Allied
Mining had drilled, Bomet set up a series of holes on 50 meter
centers to test the Kish thesis regarding the distribution of
Uranium. They drilled approximately 40 holes using rotary air
blast (RAB) drill rigs outlining 3.5 million tons within the 32.5
million and came up with an improved grade of 1 pound Uranium
per ton.
By November 1977 Bomet realized that the grade was being
understated and they went back in to take larger more representative
surface samples from around the collars of six of the drill
sites. They took 6 bulk samples over the collars of 6 different
areas and they came up with what I call a fudge factor. They
found that the bulk samples were 2.38 times what the actual
value was in that particular collar of a hole.
All of the holes averaged 1 pound and it was concluded that
the grade for the 3.5million tons was 2.4 pounds per ton. This is
one obvious leap of faith. The RAB holes indicated 1 pound and
yet they assigned 2.4 pounds to that overall area since the bulk
samples was 2.38 times what the holes were. This is a reasonable
assumption, but until we have completed our own assessment
we won’t know for sure whether that 2.4 pounds is going to
stand up.
When we start to drill we are going to be seeing how accurate
those bulk samples were verses the RAB holes. There has been
work done in Colorado using rotary air blast drills and there
have been studies on the work done. It has been documented
that RAB drilling significantly understates uranium values.
It’s not that big of leap of faith to go from 1 pound to some
number considerably bigger. Now whether that number is going
to go all the way to 2.4 pounds, we just don’t know. That’s why
we will be drilling.
David Pescod: Okay, everyone’s got Bre-X on their mind, of
course, about drilling being done decades okay……
Don: No, we aren’t at all worried about that. I am quite confident
that the one pound is going to stand up. The 1-pound from the
RAB is not going to be compromised; I don’t believe it is going
to be compromised at all. And, I think that number is going to
be something considerably bigger.
If it is 1.4 pounds I am going to point to Paladins Langer
Heinrich deposit as an analogy. If it is over 1.4 pounds we are
going to have a blast here! It is just going to be a real amazing
time that all of us are going to have with this stock.
The next obvious thing is, were the Allied Mining people
right when their drilling established the geology and presence
of uranium in what they were calling pegmatite’s
through that 32 ½ million tons? Bomet extrapolated and said
okay, so this 3.5 million tons that we drilled off at 50 centers
is averaging 2.4 pounds, therefore the 32 ½ tons based on
the same rock type, same geology and the fact that the uranium
is in the Pegmatite, should extrapolate to a total of 77
million pounds, down to 100 feet.
The 100 feet comes from the RAB-drilling. The RAB drilling
was scheduled to go down to 50 meters, but every time
they hit the water table, the hole would end. . They generally
ended around 100 feet. The bottom part of numerous holes
still showed an assay. Yet the hole bottomed at say 30 – 35
meters because of water table. We don’t really know how
much more depth there is.
There were other drill logs by Allied Mining that referred
to basement granites. Yet when we look at the old logs,
they drilled through ‘basement’ granite back into paragneiss.
There is a depth potential here that we know nothing
about. This is a depth aspect that we want to test when we
get out there and that’s why the first batch of holes is going
down to 100 meters. We want to get some kind of feel for
what might below 100 feet. The extrapolation from 3 ½ million
tons to 32 ½ million tons of a grade of 2.4 pounds is
another one of the obvious extrapolations that has to be
tested.
So when you say, what can go wrong? Well, they could
have been wrong on their estimations. What are the odds
against that? Well I think that the odds that the grade is
better than one pound are excellent. Really excellent! Is it
2.4 pounds? I don’t know. . The results from our first surface
sampling program are very encouraging. Roughly 60pc
of the samples from both the Nova ’A’ and Nova ‘B’ were
over 1 pound Uranium; approximately 30pc were over 2
pounds. That’s good. We just have to drill and find out.
David: Okay. Let’s look at the worst scenario that it’s only 1
pound. How would the economics work, what would the
capital costs be, etc?
Don: I’m not informed enough to give you those answers
right now. At one pound you just need a large operation –
like 10,000 to 15,000 tons a day. It will generate positive
cash flow. At $38 uranium, one pound is a very profitable
operation. At $22 – well, you are getting right down to the
bottom end of the cut-off. But at $38, it’s a very profitable
operation.
Until there is an actual scoping study these are difficult
questions to answer. We have to get a handle on two things.
First of all, we have to get a handle on what the grade of the
Nova ‘A’ and Nova ‘B’ might be, and get a good solid handle
on it. Secondly, we have to get a handle on size.
We are looking at radiometrics and previous drilling that
make us think this mineralization is going to be measured
by kilometers in length rather than hundreds of meters. The
first exercise is to establish grade. We are actually starting
our drilling on the Nova B. There has never been a resource
estimate done for Nova ‘B’. In 1979, Bomet in their report
said, “it is safe to assume there is at least as much in the
(Nova) B as there is in the (Nova) A” which would imply that
we could be looking at a very, very large numbers of pounds
here. It could be comparable to what you’re seeing over at
the Langer Heinrich. That’s why this is so exciting. If this
project stands up, we are going to have a lot of fun. The
first task is to try and establish grade and the next level of
work would be to establish size.
David: You’ve also mentioned that there are 19 other occurrences?
Don: Twenty other occurrences other than the Nova. For
example, we know that the Tom Dick occurrence has had
bulk samples of 1000 pounds that have graded over 2
pounds. But we haven’t even had a person on Tom Dick yet.
The radiometrics in that area are encouraging. The Seneca
is looking interesting, the Bear looks interesting and even
the Meekos looks interesting. These are all areas that we
have to get into and establish some kind of priority for the
rest of these targets. The most obvious next priority is the
Tom Dick because of the bulk sample running over two
pounds. But we just can’t tell you enough about it right now
to know whether it’s going to hold together by the end of the
summer. With all these other occurrences, we first have to
get a handle on what we are really looking at.
David: You are in mining-friendly Quebec and close to lots
of facilities. That’s got to help the economics?
Don: Hugely! The importance of a mining-friendly Quebec
cannot be over-emphasized. Other people in the industry
who will remain nameless, but who do know what they are
talking about, have told me that the two preferred places on
the planet, or at least in North America for having Uranium
deposit would be Wyoming and Quebec,. There are places
like Saskatchewan were they are obviously operating and
doing well, but just for starting something new, Quebec and
Wyoming are apparently the two best spots to be according
to some industry experts. And we are obviously in one of
them.
David: That’s mainly regarding royalties and whether mining
is friendly or not?
Don: Regarding mining friendly – they are very supportive in a
wide variety of ways. The infrastructure on this particular property
is outstanding, the paved road comes up to the western edge
of our property and then it continues as a gravel road right
through the midst of the property. There is a power-line running
down through the property so some of the basic components are
there. Mont Laurier is about 60 kilometers to the south. It’s a
town that’s big enough to support any kind of a mining operation.
It’s far enough away from Mont Laurier that it is not going to interfere
with anyone. There are no cottages or anything in the
area other than black flies and mosquitoes. Not too much
swamp, but a little bit.
The Provincial incentives for mining exploration are the best in
Canada. The rules are the most reasonable. The logistical support
is great. A great place for us to be.
Bottom Line: We are quite confident with Nova A coming up with
a pound on the downside based on the RAB drilling. We don’t
see anything less than that. There is no reason to disbelieve at
this point the potential for coming to the extrapolations that
they’ve made previously based on the bulk samples. We are
looking for a pound or better in the Nova A. We are just going to
stick with one pound as a benchmark. One pound in the Nova ‘B’
and we are going to win! As we go up the grade ladder, 1.4
pounds looking like the Langer Heinrich, and see how much we
win! If it’s over that, we are going to have a blast! It’s going to
make a lot of people a lot of money!
Thanks Don! And we may have called this “the Drill Play of the Year” -
it’s because of the leverage. With only 17 million shares outstanding, if
it hits, it could be big! Just remember, not all drill plays work out, in
fact, very few do!

[jseyffer]

By David Pescod - Canaccord
March 06, 2006
“Interview with Don Moore President of Nova Uranium”

Don Moore: The Uranium history of the area starts back in
1967. It was actually prospectors who first found uranium that
ran around 2 pounds per ton. This was in an era when Elliot
Lake was operating. There were mines in Bancroft mining
Uranium from Pegmatite. A company by the name of Canadian
Johns Mansville decided that they wanted something
other than asbestos to look at, so they went into and accumulated
at very large land package in the Grenville Geological
Province to look for Uranium in Pegmatite’s along the line of
Uranium production at Bancroft.
In the midst of their staking rush another company came in
called Allied Mining and they staked a big package of the
ground in the midst of Canadian Johns Mansville. It was the
Allied Mining ground that became the ground on which our
Nova A and Nova B zones were originally discovered.
Allied Mining’s initial review of the property was based on a
series of 41 drill holes, small diameter, A core size drill holes.
They drilled off 32 ½ million tons of rock and their only assays
were of what they called Pegmatite’s. They did not assay any
other rock types.
At the end of that exercise they had 32 ½ million tons grading
0.38 pounds of Uranium, which we just called “rock”, but
the geology over this 32 ½ million tones had been established
as being various bands of rock, one of which was pegmatite,
and that is what they have assayed.
Based on that grade they eventually dropped the ground
and by 1975, the ground had come open. The Quebec Government
geologist, a gentleman by the name of L. Kish went in
and reassessed the area on his own and published a paper. It
was his assessment of the area that demonstrated the pegmatite
did not carry significant uranium, but the paragneiss rock
type did. He determined that the majority of the uranium in
that area was in the paragneiss.
In 1975 Kish published a paper to that effect and another
company called Bomet Mines then picked up the property.
Bomet Mines went back in and started to reassess the 32 ½
million tons identified by Allied Mining. On their way into the
site, they discovered what we now call our Nova ‘B’ site. They
had taken, at that time, 14 – 10 pound samples from surface.
The average was 4.85 pounds per ton and that gave them encouragement.
They drilled a few holes in the ‘new’ zone, which were encouraging,
and then they went into the area that had been drilled by
Allied Mining. Within the area of the 32 ½ million tons that Allied
Mining had drilled, Bomet set up a series of holes on 50 meter
centers to test the Kish thesis regarding the distribution of
Uranium. They drilled approximately 40 holes using rotary air
blast (RAB) drill rigs outlining 3.5 million tons within the 32.5
million and came up with an improved grade of 1 pound Uranium
per ton.
By November 1977 Bomet realized that the grade was being
understated and they went back in to take larger more representative
surface samples from around the collars of six of the drill
sites. They took 6 bulk samples over the collars of 6 different
areas and they came up with what I call a fudge factor. They
found that the bulk samples were 2.38 times what the actual
value was in that particular collar of a hole.
All of the holes averaged 1 pound and it was concluded that
the grade for the 3.5million tons was 2.4 pounds per ton. This is
one obvious leap of faith. The RAB holes indicated 1 pound and
yet they assigned 2.4 pounds to that overall area since the bulk
samples was 2.38 times what the holes were. This is a reasonable
assumption, but until we have completed our own assessment
we won’t know for sure whether that 2.4 pounds is going to
stand up.
When we start to drill we are going to be seeing how accurate
those bulk samples were verses the RAB holes. There has been
work done in Colorado using rotary air blast drills and there
have been studies on the work done. It has been documented
that RAB drilling significantly understates uranium values.
It’s not that big of leap of faith to go from 1 pound to some
number considerably bigger. Now whether that number is going
to go all the way to 2.4 pounds, we just don’t know. That’s why
we will be drilling.
David Pescod: Okay, everyone’s got Bre-X on their mind, of
course, about drilling being done decades okay……
Don: No, we aren’t at all worried about that. I am quite confident
that the one pound is going to stand up. The 1-pound from the
RAB is not going to be compromised; I don’t believe it is going
to be compromised at all. And, I think that number is going to
be something considerably bigger.
If it is 1.4 pounds I am going to point to Paladins Langer
Heinrich deposit as an analogy. If it is over 1.4 pounds we are
going to have a blast here! It is just going to be a real amazing
time that all of us are going to have with this stock.
The next obvious thing is, were the Allied Mining people
right when their drilling established the geology and presence
of uranium in what they were calling pegmatite’s
through that 32 ½ million tons? Bomet extrapolated and said
okay, so this 3.5 million tons that we drilled off at 50 centers
is averaging 2.4 pounds, therefore the 32 ½ tons based on
the same rock type, same geology and the fact that the uranium
is in the Pegmatite, should extrapolate to a total of 77
million pounds, down to 100 feet.
The 100 feet comes from the RAB-drilling. The RAB drilling
was scheduled to go down to 50 meters, but every time
they hit the water table, the hole would end. . They generally
ended around 100 feet. The bottom part of numerous holes
still showed an assay. Yet the hole bottomed at say 30 – 35
meters because of water table. We don’t really know how
much more depth there is.
There were other drill logs by Allied Mining that referred
to basement granites. Yet when we look at the old logs,
they drilled through ‘basement’ granite back into paragneiss.
There is a depth potential here that we know nothing
about. This is a depth aspect that we want to test when we
get out there and that’s why the first batch of holes is going
down to 100 meters. We want to get some kind of feel for
what might below 100 feet. The extrapolation from 3 ½ million
tons to 32 ½ million tons of a grade of 2.4 pounds is
another one of the obvious extrapolations that has to be
tested.
So when you say, what can go wrong? Well, they could
have been wrong on their estimations. What are the odds
against that? Well I think that the odds that the grade is
better than one pound are excellent. Really excellent! Is it
2.4 pounds? I don’t know. . The results from our first surface
sampling program are very encouraging. Roughly 60pc
of the samples from both the Nova ’A’ and Nova ‘B’ were
over 1 pound Uranium; approximately 30pc were over 2
pounds. That’s good. We just have to drill and find out.
David: Okay. Let’s look at the worst scenario that it’s only 1
pound. How would the economics work, what would the
capital costs be, etc?
Don: I’m not informed enough to give you those answers
right now. At one pound you just need a large operation –
like 10,000 to 15,000 tons a day. It will generate positive
cash flow. At $38 uranium, one pound is a very profitable
operation. At $22 – well, you are getting right down to the
bottom end of the cut-off. But at $38, it’s a very profitable
operation.
Until there is an actual scoping study these are difficult
questions to answer. We have to get a handle on two things.
First of all, we have to get a handle on what the grade of the
Nova ‘A’ and Nova ‘B’ might be, and get a good solid handle
on it. Secondly, we have to get a handle on size.
We are looking at radiometrics and previous drilling that
make us think this mineralization is going to be measured
by kilometers in length rather than hundreds of meters. The
first exercise is to establish grade. We are actually starting
our drilling on the Nova B. There has never been a resource
estimate done for Nova ‘B’. In 1979, Bomet in their report
said, “it is safe to assume there is at least as much in the
(Nova) B as there is in the (Nova) A” which would imply that
we could be looking at a very, very large numbers of pounds
here. It could be comparable to what you’re seeing over at
the Langer Heinrich. That’s why this is so exciting. If this
project stands up, we are going to have a lot of fun. The
first task is to try and establish grade and the next level of
work would be to establish size.
David: You’ve also mentioned that there are 19 other occurrences?
Don: Twenty other occurrences other than the Nova. For
example, we know that the Tom Dick occurrence has had
bulk samples of 1000 pounds that have graded over 2
pounds. But we haven’t even had a person on Tom Dick yet.
The radiometrics in that area are encouraging. The Seneca
is looking interesting, the Bear looks interesting and even
the Meekos looks interesting. These are all areas that we
have to get into and establish some kind of priority for the
rest of these targets. The most obvious next priority is the
Tom Dick because of the bulk sample running over two
pounds. But we just can’t tell you enough about it right now
to know whether it’s going to hold together by the end of the
summer. With all these other occurrences, we first have to
get a handle on what we are really looking at.
David: You are in mining-friendly Quebec and close to lots
of facilities. That’s got to help the economics?
Don: Hugely! The importance of a mining-friendly Quebec
cannot be over-emphasized. Other people in the industry
who will remain nameless, but who do know what they are
talking about, have told me that the two preferred places on
the planet, or at least in North America for having Uranium
deposit would be Wyoming and Quebec,. There are places
like Saskatchewan were they are obviously operating and
doing well, but just for starting something new, Quebec and
Wyoming are apparently the two best spots to be according
to some industry experts. And we are obviously in one of
them.
David: That’s mainly regarding royalties and whether mining
is friendly or not?
Don: Regarding mining friendly – they are very supportive in a
wide variety of ways. The infrastructure on this particular property
is outstanding, the paved road comes up to the western edge
of our property and then it continues as a gravel road right
through the midst of the property. There is a power-line running
down through the property so some of the basic components are
there. Mont Laurier is about 60 kilometers to the south. It’s a
town that’s big enough to support any kind of a mining operation.
It’s far enough away from Mont Laurier that it is not going to interfere
with anyone. There are no cottages or anything in the
area other than black flies and mosquitoes. Not too much
swamp, but a little bit.
The Provincial incentives for mining exploration are the best in
Canada. The rules are the most reasonable. The logistical support
is great. A great place for us to be.
Bottom Line: We are quite confident with Nova A coming up with
a pound on the downside based on the RAB drilling. We don’t
see anything less than that. There is no reason to disbelieve at
this point the potential for coming to the extrapolations that
they’ve made previously based on the bulk samples. We are
looking for a pound or better in the Nova A. We are just going to
stick with one pound as a benchmark. One pound in the Nova ‘B’
and we are going to win! As we go up the grade ladder, 1.4
pounds looking like the Langer Heinrich, and see how much we
win! If it’s over that, we are going to have a blast! It’s going to
make a lot of people a lot of money!
Thanks Don! And we may have called this “the Drill Play of the Year” -
it’s because of the leverage. With only 17 million shares outstanding, if
it hits, it could be big! Just remember, not all drill plays work out, in
fact, very few do!

Zusammenfassung folgt

MfG

[006]

alles klar
für open pit wäre der urangehalt dann doch recht hoch,stimmts?

diese woche sollte das drilling beginnen
6bis 10can$ könnten bis in einem jahr auf alle fälle drin liegen
006

[006]

www.uranium.info/
spotpreis 40$/pfund
the uranium buying panic has already begun
006

[006]

für jene dies noch nicht kennen
www.howestreet.com/fbn/mediaplayer.php?fbnld=111
006

[006]

funzt doch!
ihr könnt auch direkt den link anklicken
006

[006]

hier gehts lang
www.howestreet.com
radio&video anklicken
jim dines video anklicken
viel spass
006

[jseyffer]

[posting]20.648.192 von 006 am 12.03.06 13:08:42[/posting]vielleicht gibt`s ja nächste Woche einen ersten Statusbericht!

Der Typ von IR, meinte "soon", lange sollte es also nicht mehr dauern. Im Zeitplan liegen sie etwas zurück, weil noch Bäume auf dem Gelände gefällt werden mussten.

Die ersten Laborergebnisse sind wohl nicht vor Anfang April zu erwarten!

MfG

[lottojan10]

der kursverlauf ist ja der wahnsinn !!!!!

noch einsteigen ????


lotto

[jseyffer]

[posting]20.866.570 von lottojan10 am 20.03.06 11:31:47[/posting]noch einsteigen ????

die Drill-Rig kam letzten Donnerstag Abend an!

MfG

[jseyffer]

[006]

die bohren bereits!
heute oder morgen wird die betätigung kommen-spätestens mittwoch
weiss nicht wie lange hier noch shares unter 4can$ zu haben sind
wenn die bohrresultate positiv ausfallen werden steht der kurs schon vor der veröffentlichung wesentlich höher
wenn weniger als erwartet da liegt(oder evtl. gar nicht wirtschaftlich abbaubar)
dann gibt bald wieder welche unter2 can$
ist halt ein exporer mit hohem risiko
also 5-10 explorer mit guten aussichten ins depot legen und auch nova uranium nicht übergewichten
wenns richtig einschlägt hier dann haben wir gute aussichten dass man in 6bis 12monaten pro share 30-40can$ bezahlt
ist schon verlockend
006

[_Frank]

so risikoreich finde in NUC gar nicht denn sie bohren da, wo bereits Uranressourcen bestimmt wurden. Tournigan hat bei Bohrungen seine historischen Ressourcen bestätigt. Die Wahrscheinlichkeit ist hoch, dass es bei NUC genauso kommt.
Zum Kurspotential: In der Tat hat NUC bei Bestimmung der 77 Mio Pfund Uran nach NI 43-101 die Chance auf erneute Kursverviefachung.
Andere Explorer ohne historische Ressourcen mögen ebenfalls aussichtsreich sein, z.B. Crosshair, CanAlaska, Titan, sind aber deutlich spekulativer.

Frank

[006]

ja aber das mit den 77moi pfund ist doch nur spekulation
wenn wir glück haben sind es am schluss sogar mehr(viel mehr?)
es können aber auch weniger sein
und wenn mont laurier nicht funzt dann ist hier schluss mit lustig
die haben nähmlich kein weiteres projekt am laufen,soviel ich weiss
ich gehe gerne mit der gebotenen vorsicht ans werk
wenn ich positiv überrascht werde,gerne!
006

[jseyffer]

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 20, 2006) - Nova Uranium (TSX VENTURE:NUC) is pleased to announce that drilling is in progress on the Nova "B" showing in the initial phase of Nova`s Mont Laurier area drill program.

The initial drill program will test limited portions of the Nova "A" and "B" zones with 25 to 30 large diameter HQ drillholes. Historical estimates for the Nova "A" zone by Bomet Mines in 1979, based on core and rotary air blast drilling together with shallow bulk sampling, estimate that it contains 77 million pounds of U3O8 in 32.36 million tons of material grading 2.4 lb/ton (0.12%) U3O8 (1). No historical resource calculations are available for the Nova "B" zone.

Nova`s target is a straightforward and safely mineable open pit bulk tonnage deposit with good access and infrastructure in the mining friendly regulatory environment of south central Quebec,Canada.

ON BEHALF OF THE BOARD

Donald G. Moore, CEO, President and Director

(1)Mr. Michael Moore, PGeo is the qualified person who has reviewed the technical information contained in this news release on behalf of the Company. Calculations of Uranium resources at Nova "A" Zone are historical in nature, predate and are non-compliant with NI 43-101. Nova is not treating the historical estimate as current mineral resources or reserves. Nova has not undertaken any independent investigation of the resource estimate nor has it independently analyzed the results of the previous exploration work in order to verify the resources, and therefore the historical estimates should not be relied upon. However, Nova believes that these historical estimates provide a conceptual indication of the potential of the occurrence and are relevant to ongoing exploration.

[jseyffer]

Antwort auf Beitrag Nr.: 20.868.608 von 006 am 20.03.06 13:54:41

die ersten 3 Cores sind im Labor !

MfG

[jseyffer]

Antwort auf Beitrag Nr.: 20.870.274 von jseyffer am 20.03.06 15:42:41

SK $4,00

und neues Intraday-High bei $4,12.

Ziel bis Wochenschluss $4,50 !

Kursziel bis Herbst 2006: 2-stelliger € Bereich !

Laborergebnisse in der Woche vom 10.-15. April !

MfG

[006]

also im moment bekommt man keine mehr unter 4can$
vielleicht nie mehr(oder frühestens nach eimen 10:1 split)
vielleicht hat ja novaB die gleichen grade wie novaA,wenn wir glück haben sitzen wir hier auf einem vorkommen zwischen 100-200mio.pfund
dann wirds hier aber bald ganz lustig
sehr spannend
006

[006]

und das bei einem freefloat von 10mio. aktien
uiuiui
006

[jseyffer]

Antwort auf Beitrag Nr.: 20.977.474 von 006 am 28.03.06 17:12:09

$4,50 schon angetestet !

[jseyffer]

Antwort auf Beitrag Nr.: 20.977.534 von 006 am 28.03.06 17:14:47

SK $4,35. Intraday High bei $4,50.

So langsam gehts nach Norden!

MfG

[jseyffer]

Antwort auf Beitrag Nr.: 20.978.927 von jseyffer am 28.03.06 18:24:42

BTV Features Plutonic Power Corp. and Nova Uranium Corp
3/30/2006

VANCOUVER, British Columbia, Mar 30, 2006 (PRIMEZONE via COMTEX) --
On April 1, 2, 3rd, 2006 -- on National TV, BTV-Business Television profiles: View the features online through the video links below:

Plutonic Power Corp. (TSX-V: PCC): http://www.b-tv.com/i/videos/PlutonicPower.wmv promotes, supports and develops sustainable, renewable, green energy projects in British Columbia. Their plans for a "run-of-river" development are considered very green -- the least invasive way to produce electricity from water with a small environmental footprint.

Nova Uranium Corp. (TSX-V:NUC): http://www.b-tv.com/i/videos/NovaUranium.wmv is dedicated to the exploration and development of uranium properties in Quebec, Canada, an area undergoing significantly revitalized exploration, with the potential of hosting world class economic deposits of uranium.

BTV, a half-hour weekly business program, profiles emerging companies across Canada and the USA. With Host Taylor Thoen, BTV features companies at their location, interviews the company's key executives, features their products and services and unveils their plans for future growth.

BTV BROADCAST TIMES:

CANADA: - Ontario: Toronto One (now SUNTV) -- Sun. Apr. 2nd
@ 9:00am EST,
BC/Washington: KVOS TV -- Sun. Apr. 2nd @ 4pm PST
AB/Calgary: CITY TV -- Mon. Apr. 3rd @ 3:30pm MST
Bell Express VU and Star Choice -- West SUNTV
Sun. Apr. 2nd @ 6:00am PST
U.S. national: -- America One -- Sat. Apr. 1st @10:30 am EST
www.americaone.com

WVVH South Hampton, NY KXOC Oklahoma City, OK
WSPY Plano, IL KWEM Stillwater, OK
WZBN Trenton, NJ KEEN Las Vegas
ShelbyTV Shelby Township KMCA Redding, CA
KKAX Kingman, AZ TV9 Troy, OH
WIVM Canton, OH WRBD Pensacola, FL
K48BK Dove Creek, CO KDAO Marshalltown
K27FA Craig, CO KTYJ Coeur d' Alene, ID
WRCF Orlando, FL NSU22 Natchitoches, LA
WLLS Indiana WBCF Florence, AL
WLNN Boone, NC W35AY Hilton Head Island, SC
W34AX Henderson, NC WJTS Jasper, IN
W67CD Sanford, NC WGTN Worthington, MN
WYBE Southern Pines, NC KCCE San Luis Obispo, CA
WBKA Bucyrus, OH W35BB Dublin, GA
CTV12 Cedar City, UT IMAGE Erie, PA
VTV Vernal, UT KPIF Pocatello, ID
WBII Ashland, MS K23BJ Lake Havasu City, AZ
WPRQ Clarksdale, MS UPN23 Hornell, NY
KXOK Enid, OK WEBU Webb, MS
WLMO Lima, OH WHAN Salem, IN

This news release was distributed by PrimeZone, www.primezone.com

SOURCE: BTV Business Television

BTV-Business Television [phone] www.b-tv.com

[006]

hätte nicht gedacht dass es nochmals so billig shares von nova gibt!
habe alles pulver schon verschossen,sonst würde ich nochmals nachladen
006

[patagoon]

Das mit den Reserven 77-100 Mio pounds ließt sich ja wirklich hervorragend.Und auch etwas über 50 Mio. Marktetcap. ist nicht viel. Ich frage mich nur wie lange es bis zum Uranproduzenten dauern kann. Ist dieser Schritt überhaupt geplant oder sind die nur an Resourcenausweitung und späteren Verkauf interessiert? Wenn abzusehen wäre, das in 2 Jahren mit dem Abbau begonnen wird würde ich hier sofort massiv einsteigen. Habe bisher nur Forsys im Depot läuft super. Ich bin aber der Meinung, dass Uran eine der Topstories der nächsten Jahre wird und suche noch dringend eine Alternative die Frage ist ob Nova Uranium, Strathmore, Norther Canadian Minerals, Arafura oder Uranium Power? Auch Northwestern Minerals halte ich für aussichtsreich, wobei die auch noch Meilenweit von der Produktion entfernt sind und mir der Glaube fehlt ob sie es je soweit schaffen. Was haltet Ihr von den Werten? Was ist euer absoluter Uranfavorit und warum ?

[RalfBau]

Northern Canadian Marktkapitalisierung beträgt zur Zeit 7,66 Mio. EUR bei 14 Mio. Aktien!


Preisfrage bis 15:30Uhr : Nennt mir ruhig mal eine Uran-Aktie, die man zu diesem Marktwert noch bekommt!


Das wird wahrscheinlich schwirig werden, oder?


Northern Canadian ist krass unterbewertet!

Ralf

[patagoon]

Was für ein Zufall, bin kurz vor Deiner Antwort bei Northern Canadian Minerals eingestiegen. Könnte tatsächlich eine zweite Forsys werden, auch wenn Sie noch nicht soweit sind. Auf Deinen Thread ist bisher ja auch leider noch wenig los. Du hast dort eine super Arbeit geleistet. Ich hoffe das in den nächsten Tagen noch viele Northern Canadian aufmerksan werden. Ich glaube den 1 € sehen wir dann bis ende der Woche. Ich wünsche allen investierten hier viel erfolg. P.S. konnte mich leider noch immer nicht dazu durchringen in Nova einzusteigen!

[jseyffer]

Antwort auf Beitrag Nr.: 21.193.172 von 006 am 13.04.06 15:40:38

Hallo @all,

besteht eventuell Interesse, sich im Rahmen der Stockdays in Frankfurt am 24./25.Mai sich mit Don Moore und Shawn Perger (Skyline IR) zu treffen, um Fragen zu "Nova Uranium", "Playfair Mining" und "Pediment Exploration" stellen ?

Falls ja, Details per Wallstreet-Mail

MfG