Ann: Vulcan Project - Drilling Update , page-15

Yep sorry was just a comment on the falling price really.

Hope everyone is saving there pennies for the ann, I guess within about 2 weeks.

Most of the 470m of basement intersected in VUD 15, is dominated by IOCGU-style alteration, with over 200m down hole of hematite breccias. A number of zones of IOCGU-style copper and uranium mineralisation were intersected throughout the hole.

THEN
IOCGU-style copper-uranium mineralisation occurs throughout much of the drill hole. Most of this mineralisation occurs in a series of separate, weak- to moderate-strength intersections of pyrite-chalcopyrite mineralisation, showing elevated uranium levels and trace molybdenite (see Figure 3). A mafic dyke was intersected at 1310m, and the first seven metres of it contains vein and disseminated chalcopyrite - pyrite copper mineralisation and elevated uranium (see Figure 4). Assay results are not expected until the drill core can be split sampled and chemically analysed, and this process is expected to take a number of weeks.



Im assuming this could potentially be the discovery hole, done understand why the market is not bidding it up, I aasume its not as good as it seems to be!

Given the price of uranium is about ot really take off this could be very juicy indeed.