UXA 0.00% 0.0¢ uxa resources ltd

zinc prices move up 4% in two days

  1. 1,852 Posts.
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    UXA's interest at Dome 5 is far from being considered commercial.
    Depths around 320 metres and thickness of deposits from as low as 0.3m up to 3.5 metres. zinc levels average around 20% in places down to UXA's recent find of 3.5 metres at 3.4% - a few Teck drilled holes graded less though there was some silver and very significant lead.

    Some feel that an average 4.5% zinc and perhaps 4% lead with reasonable silver grades over an average 3 metre thick seam could make this commercial. Though the 1km square drilling area is being expanded and it needs to be to have a chance.

    Zinc prices have risen 4% in the last day and a bit, so that augers well.

    MD Dr Penney is known as "Doctor zinc" and he is the one to make all this successful.
 
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Currently unlisted public company.

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