EXT - Excite Technology Services
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bigdog
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ANN did not do much for SP despite trading halt pending ANN!!!!!!!!
These guys have been in Namibia for over two years with much yet to do!!!
Currently EXT 0.945 +0.025 +2.72% high of 1.02 1,038,273 shares @1,006,815 @ 19-Oct 12:42:23 PM
ASX ANN today
19/10/2007 Ida Dome Scoping Study Results
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00771685
Scoping Study confirms Ida Dome potential
Extract Resources (ASX: EXT) is pleased to report on the completion of the preliminary scoping study for the Ida Dome project within the Husab Uranium Project in Namibia.
STUDY HIGHLIGHTS
Production rate ► 6.0 M tpa
Estimated head grade ► 260 ppm
Mill Recovery ► 85% including radiometric sorting
U308 production ► 2.92 M lbs / year
Project capital estimate ► US $211M
Production cost estimate ► US $29.15 /lb U3O8
Extract Resources Managing Director, Mr. Peter McIntyre said that the scoping study supports the expected economic viability of the lower grade, larger tonnages associated with the Rossing-style uraniferous granites of the Ida Dome. “The economics of the study – which has only considered the top 100m of Ida Dome, one of three prospects within the Husab area – supports our significant investment in this project. It is highly likely that the size of the project will grow beyond these initial estimates, as we continue our exploration program.” He said,”The results from this study, together with our intensive drilling campaign currently underway, should lead to our detailed feasibility study commencing in the second half of 2008.”
1. SUMMARY
• Scoping Study indicates that the Ida Dome area has the potential to underpin a viable open pit mining operation utilising existing processing technology successfully employed at the nearby Rossing Mine.
• Excellent infrastructure and pro mining culture adds to the prospects of developing a new uranium mining operation in central west Namibia.
• Study only looked at zone from surface to 100m depth, with mineralisation still open.
• Uranium mineralisation on all zones drilled to date is still open at depth and along strike, and supports the exploration target applied in the Study.
• Accelerated resource definition efforts will define a JORC-compliant resource that will then be incorporated in more detailed feasibility work.
A scoping study on the alaskite hosted, uranium mineralisation in the Ida Dome area indicates that the project can support a viable open pit mining operation developed to feed a 6M tpa processing plant utilising proven sulphuric acid leach, ion exchange and solvent extraction technology. Annual production has been estimated at 2.923M lbs U3O8 with capital costs estimated at US$211M (+/-30%) and operating costs of US$29.15 per lb U3O8 (+/-30%).
Excellent infrastructure and a supportive geopolitical environment make Namibia an outstanding location to develop a new mining project.
The exploration target was extrapolated to a depth of 100m below surface; however, drilling beyond this depth clearly indicates that uranium mineralisation is still open and that subsequent resource definition will extend well beyond this level providing scope for the development of a larger project. Any increase in project size will result in lower operating costs. Feasibility work will follow the Company’s maiden resource in 2008. This work will also investigate the options for a Namibia-based acid plant that could provide further substantial cost savings.
These guys have been in Namibia for over two years with much yet to do!!!
Currently EXT 0.945 +0.025 +2.72% high of 1.02 1,038,273 shares @1,006,815 @ 19-Oct 12:42:23 PM
ASX ANN today
19/10/2007 Ida Dome Scoping Study Results
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00771685
Scoping Study confirms Ida Dome potential
Extract Resources (ASX: EXT) is pleased to report on the completion of the preliminary scoping study for the Ida Dome project within the Husab Uranium Project in Namibia.
STUDY HIGHLIGHTS
Production rate ► 6.0 M tpa
Estimated head grade ► 260 ppm
Mill Recovery ► 85% including radiometric sorting
U308 production ► 2.92 M lbs / year
Project capital estimate ► US $211M
Production cost estimate ► US $29.15 /lb U3O8
Extract Resources Managing Director, Mr. Peter McIntyre said that the scoping study supports the expected economic viability of the lower grade, larger tonnages associated with the Rossing-style uraniferous granites of the Ida Dome. “The economics of the study – which has only considered the top 100m of Ida Dome, one of three prospects within the Husab area – supports our significant investment in this project. It is highly likely that the size of the project will grow beyond these initial estimates, as we continue our exploration program.” He said,”The results from this study, together with our intensive drilling campaign currently underway, should lead to our detailed feasibility study commencing in the second half of 2008.”
1. SUMMARY
• Scoping Study indicates that the Ida Dome area has the potential to underpin a viable open pit mining operation utilising existing processing technology successfully employed at the nearby Rossing Mine.
• Excellent infrastructure and pro mining culture adds to the prospects of developing a new uranium mining operation in central west Namibia.
• Study only looked at zone from surface to 100m depth, with mineralisation still open.
• Uranium mineralisation on all zones drilled to date is still open at depth and along strike, and supports the exploration target applied in the Study.
• Accelerated resource definition efforts will define a JORC-compliant resource that will then be incorporated in more detailed feasibility work.
A scoping study on the alaskite hosted, uranium mineralisation in the Ida Dome area indicates that the project can support a viable open pit mining operation developed to feed a 6M tpa processing plant utilising proven sulphuric acid leach, ion exchange and solvent extraction technology. Annual production has been estimated at 2.923M lbs U3O8 with capital costs estimated at US$211M (+/-30%) and operating costs of US$29.15 per lb U3O8 (+/-30%).
Excellent infrastructure and a supportive geopolitical environment make Namibia an outstanding location to develop a new mining project.
The exploration target was extrapolated to a depth of 100m below surface; however, drilling beyond this depth clearly indicates that uranium mineralisation is still open and that subsequent resource definition will extend well beyond this level providing scope for the development of a larger project. Any increase in project size will result in lower operating costs. Feasibility work will follow the Company’s maiden resource in 2008. This work will also investigate the options for a Namibia-based acid plant that could provide further substantial cost savings.
bigdog
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The EXT Extract share price has been very good over the past month doubling+ up 64 cents to $1.18
The SP continues to rise daily!!
05-Nov-07 $1.18
05-Oct-07 $0.54
52-wk High 1.3500
52-wk Low 0.46
Date…...... Close Volume.... % increase
05-Nov-07 $1.18 1,080,929 219%
02-Nov-07 $1.15 1,016,542 213%
01-Nov-07 $1.15 2,132,542 212%
31-Oct-07 $0.99 1,092,094 182%
30-Oct-07 $0.96 449,284 177%
29-Oct-07 $0.97 882,747 180%
26-Oct-07 $0.97 454,098 179%
25-Oct-07 $0.95 1,083,180 176%
24-Oct-07 $0.90 284,085 167%
23-Oct-07 $0.91 351,139 169%
22-Oct-07 $0.93 665,415 171%
19-Oct-07 $0.94 1,777,451 173%
18-Oct-07 $0.92 3,497,382 170%
17-Oct-07 $0.98 1,185,545 181%
16-Oct-07 $0.93 1,282,061 171%
15-Oct-07 $0.82 1,154,929 152%
12-Oct-07 $0.77 339,384 142%
11-Oct-07 $0.73 712,580 135%
10-Oct-07 $0.67 384,153 124%
09-Oct-07 $0.59 222,140 108%
08-Oct-07 $0.63 97,150 116%
05-Oct-07 $0.54 88,650
The SP continues to rise daily!!
05-Nov-07 $1.18
05-Oct-07 $0.54
52-wk High 1.3500
52-wk Low 0.46
Date…...... Close Volume.... % increase
05-Nov-07 $1.18 1,080,929 219%
02-Nov-07 $1.15 1,016,542 213%
01-Nov-07 $1.15 2,132,542 212%
31-Oct-07 $0.99 1,092,094 182%
30-Oct-07 $0.96 449,284 177%
29-Oct-07 $0.97 882,747 180%
26-Oct-07 $0.97 454,098 179%
25-Oct-07 $0.95 1,083,180 176%
24-Oct-07 $0.90 284,085 167%
23-Oct-07 $0.91 351,139 169%
22-Oct-07 $0.93 665,415 171%
19-Oct-07 $0.94 1,777,451 173%
18-Oct-07 $0.92 3,497,382 170%
17-Oct-07 $0.98 1,185,545 181%
16-Oct-07 $0.93 1,282,061 171%
15-Oct-07 $0.82 1,154,929 152%
12-Oct-07 $0.77 339,384 142%
11-Oct-07 $0.73 712,580 135%
10-Oct-07 $0.67 384,153 124%
09-Oct-07 $0.59 222,140 108%
08-Oct-07 $0.63 97,150 116%
05-Oct-07 $0.54 88,650
bigdog
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ASX ANN of drilling
12/11/2007 Rossing South Exploration Recommences
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00781556
Rossing South Exploration Programme resumes
Extract Resources (ASX:EXT) is pleased to announce additional drill results from Garnet Valley, and the mobilization of additional drilling equipment to Husab which will accelerate the current programme of resource definition drilling on the Ida Dome. The availability of additional drill rigs will also enable the recommencement of exploration activities at Rossing South.
SUMMARY:
o Assay results from the second of the Garnet Valley diamond holes show a thick intersection of 129 metres grading 0.159 kg/t U3O8, within which discrete higher grade zones are present.
o Additional Reverse Circulation assay results from Garnet Valley have been returned, with stand out intersections including 10 metres grading 0.516 kg/t U3O8, 41 metres grading 0.270 kg/t U3O8, 30 metres grading 0.290 kg/t U3O8, and 22 metres grading 0.269 kg/t U3O8
o More drilling rigs – five now at Husab and another scheduled to start soon
o Exploration drilling programme to resume at Rossing South
Extract Resources Managing Director, Peter McIntyre on his return from Canada for the opening of Extract on the TSX said that he continues to be encouraged by the results that are now flowing from the labs “The assay results that are coming back from the labs bear a close correlation to hand held spectrometer readings, hence we are increasingly confident about our estimates of resource potential at Husab..
Further, the resumption of Rossing South exploration drilling following our initial success in locating uranium bearing granites beneath transported cover in that area, promises to be an interesting phase of work given the major potential we place on this target.”
12/11/2007 Rossing South Exploration Recommences
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00781556
Rossing South Exploration Programme resumes
Extract Resources (ASX:EXT) is pleased to announce additional drill results from Garnet Valley, and the mobilization of additional drilling equipment to Husab which will accelerate the current programme of resource definition drilling on the Ida Dome. The availability of additional drill rigs will also enable the recommencement of exploration activities at Rossing South.
SUMMARY:
o Assay results from the second of the Garnet Valley diamond holes show a thick intersection of 129 metres grading 0.159 kg/t U3O8, within which discrete higher grade zones are present.
o Additional Reverse Circulation assay results from Garnet Valley have been returned, with stand out intersections including 10 metres grading 0.516 kg/t U3O8, 41 metres grading 0.270 kg/t U3O8, 30 metres grading 0.290 kg/t U3O8, and 22 metres grading 0.269 kg/t U3O8
o More drilling rigs – five now at Husab and another scheduled to start soon
o Exploration drilling programme to resume at Rossing South
Extract Resources Managing Director, Peter McIntyre on his return from Canada for the opening of Extract on the TSX said that he continues to be encouraged by the results that are now flowing from the labs “The assay results that are coming back from the labs bear a close correlation to hand held spectrometer readings, hence we are increasingly confident about our estimates of resource potential at Husab..
Further, the resumption of Rossing South exploration drilling following our initial success in locating uranium bearing granites beneath transported cover in that area, promises to be an interesting phase of work given the major potential we place on this target.”
bigdog
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ASX ANN today
SP UP for EXT $0.96 +$0.015 +1.59% 36,927 shares $35,201 @ 27-Nov 10:14:38
27/11/2007 Best Results to date at Garnet Valley
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00787610
Best results to date from Garnet Valley on the Husab Uranium Project, Namibia
Extract Resources (ASX / TSX code : EXT) is pleased to announce an update on the resource drilling program currently underway at Garnet Valley on the Husab Uranium Project in Namibia.
SUMMARY:
Outstanding drilling results received from Garnet Valley, including:
Extract Resources Managing Director, Peter McIntyre, released the latest results today saying;
“We are extremely pleased with these results, and they confirm that our expectations for the Garnet Valley area on the Ida Dome (Husab Project) are on track. While these may be our best assay results to date, there is still a lot more data in the system which we expect will continue to support our resource target for this area.” Mr. McIntyre explained that while there is lag between drilling and assaying, Extract geologists take spectrometer measurements of core and RC rock-chips during drilling and geological logging, and therefore have some initial indication of the mineralised zones
He added, “The deeper diamond holes are opening up the mineralisation at Garnet Valley, and initial indications are that grades are increasing at depth. Our drilling programme continues at a better rate than in previous months and we expect to announce further assay results on a regular basis leading up to our maiden resource statement early in 2008.”
SP UP for EXT $0.96 +$0.015 +1.59% 36,927 shares $35,201 @ 27-Nov 10:14:38
27/11/2007 Best Results to date at Garnet Valley
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00787610
Best results to date from Garnet Valley on the Husab Uranium Project, Namibia
Extract Resources (ASX / TSX code : EXT) is pleased to announce an update on the resource drilling program currently underway at Garnet Valley on the Husab Uranium Project in Namibia.
SUMMARY:
Outstanding drilling results received from Garnet Valley, including:
- 86m @ 0.350 kg/t (350 ppm) U3O8 in diamond hole GDD004
- 26m @ 0.419 kg/t (419 ppm) U3O8 in RC hole GRC050
- 34m @ 0.401 kg/t (401 ppm) U3O8 in RC hole GRC051
- 15m @ 0.341 kg/t (341 ppm) U3O8 in RC hole GRC052
Extract Resources Managing Director, Peter McIntyre, released the latest results today saying;
“We are extremely pleased with these results, and they confirm that our expectations for the Garnet Valley area on the Ida Dome (Husab Project) are on track. While these may be our best assay results to date, there is still a lot more data in the system which we expect will continue to support our resource target for this area.” Mr. McIntyre explained that while there is lag between drilling and assaying, Extract geologists take spectrometer measurements of core and RC rock-chips during drilling and geological logging, and therefore have some initial indication of the mineralised zones
He added, “The deeper diamond holes are opening up the mineralisation at Garnet Valley, and initial indications are that grades are increasing at depth. Our drilling programme continues at a better rate than in previous months and we expect to announce further assay results on a regular basis leading up to our maiden resource statement early in 2008.”
bigdog
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ASX ANN today wirh SP up 6 cents!
EXT EXT Company Research $0.94 +$0.06 +6.82% 442,100 shares $410,916 @ 06-Dec 12:01:00
06-12-2007 11:52 AM EXT MOU with Namwater and Husab Project Update
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00792504
MOU with NamWater and Husab project update
Extract Resources (ASX / TSX code: EXT) is pleased to announce the signing of a MOU with NamWater and provides an update on the Husab Uranium Project in Namibia.
SUMMARY:
• Extract and NamWater have signed a memorandum of understanding to enter into formal discussions relating to agreements to facilitate water supply to the planned Ida Dome Uranium Mine.
• Extract Resources remains on track to announce a maiden resource centred on the Garnet Valley Prospect in early 2008 - significant project upside still exists.
• Extract announces its corporate social charter and assists road safety in Namibia. E
EXT EXT Company Research $0.94 +$0.06 +6.82% 442,100 shares $410,916 @ 06-Dec 12:01:00
06-12-2007 11:52 AM EXT MOU with Namwater and Husab Project Update
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00792504
MOU with NamWater and Husab project update
Extract Resources (ASX / TSX code: EXT) is pleased to announce the signing of a MOU with NamWater and provides an update on the Husab Uranium Project in Namibia.
SUMMARY:
• Extract and NamWater have signed a memorandum of understanding to enter into formal discussions relating to agreements to facilitate water supply to the planned Ida Dome Uranium Mine.
• Extract Resources remains on track to announce a maiden resource centred on the Garnet Valley Prospect in early 2008 - significant project upside still exists.
• Extract announces its corporate social charter and assists road safety in Namibia. E
bigdog
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The share price this morning is looking encouraging with no new ANN
-- has risen 15 cents or 17% since Dec 5
EXT $1.03 +$0.07 +7.29% 103,765 shares $104,117 @ 10-Dec 10:24:34
SP for prior three days:
Date----- Close Volume
7-Dec-07 0.96 693,203
6-Dec-07 0.94 522,316
5-Dec-07 0.88 25,500
Recent announcements have been:
06/12/2007 11:52 asx MOU with Namwater and Husab Project Update
27/11/2007 09:58 asx Best Results to date at Garnet Valley
19/11/2007 08:27 asx Change of Director`s Interest Notice
12/11/2007 08:28 asx Rossing South Exploration Recommences
-- has risen 15 cents or 17% since Dec 5
EXT $1.03 +$0.07 +7.29% 103,765 shares $104,117 @ 10-Dec 10:24:34
SP for prior three days:
Date----- Close Volume
7-Dec-07 0.96 693,203
6-Dec-07 0.94 522,316
5-Dec-07 0.88 25,500
Recent announcements have been:
06/12/2007 11:52 asx MOU with Namwater and Husab Project Update
27/11/2007 09:58 asx Best Results to date at Garnet Valley
19/11/2007 08:27 asx Change of Director`s Interest Notice
12/11/2007 08:28 asx Rossing South Exploration Recommences
bigdog
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ASX ANN today
There has been little reaction in today's share price
EXT $0.97 -$0.01 -1.02% high of $1.00 & low of $0.97 103,520 shares $101,273 @ 11-Jan 11:07:18
11-01-2008 10:36 AM EXT Husab Uranium Project Update 11 January 2008
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00802227
MEDIA RELEASE 11 January 2008
Extract Resources (ASX / TSX code: EXT) is pleased to announce an update on activities at the Husab Uranium Project.
SUMMARY:
• Strong down hole spectrometer and chemical assay results continue to be received from Garnet Valley.
• Extract Resources expects to complete the maiden resource for the Garnet Valley Prospect within 4 weeks.
• Expanded Rossing South work program planned for 2008.
• Drilling to commence at the high grade Holland’s Dome Prospect in early 2008.
Drilling Update
During 2007 the Company completed 20,956 metres of drilling on the HUSAB URANIUM PROJECT. Areas drilled include the Ida Dome prospects: Garnet Valley; New Camp; Hook; Ida Central; and exploration area Rossing South. This drilling represents only 35% of the 60,000m program that the Company commenced in 2007. From January to June 2007 only one core rig was working on Ida Central, and additional rigs were allocated to the project, as they became available.
Five rigs are now on site with drilling recommencing after the Christmas break on 14 January 2008. Another two RC rigs are scheduled to arrive on site by the end of February 2008 taking the project total to seven drill rigs. The additional rigs will be used to accelerate resource definition efforts on the Holland’s Dome, Hook and New Camp prospects and continue exploration of the Rossing South area.
Resource Definition Update
Resource work remains on track to define the Company’s maiden uranium resource by the end of January 2008. The resource will only include drill hole data collected from the Garnet Valley prospect that is one of seven outcropping zones of uranium mineralisation in the Ida Dome area. 67% of the drilling completed over the past year occurred at Garnet Valley. The quantity of drilling, at the other prospects, does not yet allow a resource to be defined.
Approximately 1.2 kilometres of strike extent on Garnet Valley will be included in the maiden resource estimate. This zone of mineralisation is still open over a strike length of 1.8 kilometres, but the availability of drill hole assay data and the number of holes completed has influenced the quantum of data that could be used in the resource model. Subsequently, only 80% of the drilling completed at Garnet Valley will be utilised in the maiden resource. This information will be incorporated in subsequent resource estimates, when available.
Drilling throughout 2008 will continue to evaluate the uranium mineralisation in the Ida Dome area and is expected to increase the resource inventory that will form the basis of feasibility work expected to commence in the second half of 2008.
There has been little reaction in today's share price
EXT $0.97 -$0.01 -1.02% high of $1.00 & low of $0.97 103,520 shares $101,273 @ 11-Jan 11:07:18
11-01-2008 10:36 AM EXT Husab Uranium Project Update 11 January 2008
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00802227
MEDIA RELEASE 11 January 2008
Extract Resources (ASX / TSX code: EXT) is pleased to announce an update on activities at the Husab Uranium Project.
SUMMARY:
• Strong down hole spectrometer and chemical assay results continue to be received from Garnet Valley.
• Extract Resources expects to complete the maiden resource for the Garnet Valley Prospect within 4 weeks.
• Expanded Rossing South work program planned for 2008.
• Drilling to commence at the high grade Holland’s Dome Prospect in early 2008.
Drilling Update
During 2007 the Company completed 20,956 metres of drilling on the HUSAB URANIUM PROJECT. Areas drilled include the Ida Dome prospects: Garnet Valley; New Camp; Hook; Ida Central; and exploration area Rossing South. This drilling represents only 35% of the 60,000m program that the Company commenced in 2007. From January to June 2007 only one core rig was working on Ida Central, and additional rigs were allocated to the project, as they became available.
Five rigs are now on site with drilling recommencing after the Christmas break on 14 January 2008. Another two RC rigs are scheduled to arrive on site by the end of February 2008 taking the project total to seven drill rigs. The additional rigs will be used to accelerate resource definition efforts on the Holland’s Dome, Hook and New Camp prospects and continue exploration of the Rossing South area.
Resource Definition Update
Resource work remains on track to define the Company’s maiden uranium resource by the end of January 2008. The resource will only include drill hole data collected from the Garnet Valley prospect that is one of seven outcropping zones of uranium mineralisation in the Ida Dome area. 67% of the drilling completed over the past year occurred at Garnet Valley. The quantity of drilling, at the other prospects, does not yet allow a resource to be defined.
Approximately 1.2 kilometres of strike extent on Garnet Valley will be included in the maiden resource estimate. This zone of mineralisation is still open over a strike length of 1.8 kilometres, but the availability of drill hole assay data and the number of holes completed has influenced the quantum of data that could be used in the resource model. Subsequently, only 80% of the drilling completed at Garnet Valley will be utilised in the maiden resource. This information will be incorporated in subsequent resource estimates, when available.
Drilling throughout 2008 will continue to evaluate the uranium mineralisation in the Ida Dome area and is expected to increase the resource inventory that will form the basis of feasibility work expected to commence in the second half of 2008.
bigdog
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ASX ANN today
SP today
EXT $0.79 +$0.21 +36.21% 307,038 shares $232,407 @ 23-Jan 13:18:36
23-01-2008 09:38 AM EXT New Major Drilling Intersections at Garnet Valley
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00805077
Major drill intersections at Garnet Valley
Extract Resources (ASX / TSX code: EXT) is pleased to announce an update on the resource drilling program at Garnet Valley on the Husab Uranium Project in Namibia.
The Company has just received assay results from RC drilling on the southern end of Garnet Valley, up to 520 metres south west of, and along-strike from the current zone being modeled for inclusion in the impending maiden resource estimate. These results represent the best RC assays received to date, with exceptional widths at medium to high grades. The new results will not be incorporated in the maiden resource, but clearly indicate that increases in subsequent resource estimates are expected.
Major results include:
-- refer table in ANN
Details
Previously unreported assay results from 8 RC holes drilled from the southern portion of Garnet Valley have been returned with a number of stand-out zones of exceptional width and grade. These RC results are in fact the best returns to date, with grades significantly above the current average obtained so far for Garnet Valley. Detailed assay results are listed in the appended table.
This group of holes is located from 200 to 520 metres further south west, along-strike of the southern extent of the area upon which the impending maiden resource is being modeled (see Appendix 1). This clearly indicates that the initial resource for Garnet Valley will have significant upside potential. Please refer to attached plan and section for relative locations.
At present, RC drilling on the Husab Project is being directed at a first pass assessment of the New Camp and Hook prospects, and exploration drilling on the Rossing South target area continues. Additional information will be reported, as it becomes available.
SP today
EXT $0.79 +$0.21 +36.21% 307,038 shares $232,407 @ 23-Jan 13:18:36
23-01-2008 09:38 AM EXT New Major Drilling Intersections at Garnet Valley
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00805077
Major drill intersections at Garnet Valley
Extract Resources (ASX / TSX code: EXT) is pleased to announce an update on the resource drilling program at Garnet Valley on the Husab Uranium Project in Namibia.
The Company has just received assay results from RC drilling on the southern end of Garnet Valley, up to 520 metres south west of, and along-strike from the current zone being modeled for inclusion in the impending maiden resource estimate. These results represent the best RC assays received to date, with exceptional widths at medium to high grades. The new results will not be incorporated in the maiden resource, but clearly indicate that increases in subsequent resource estimates are expected.
Major results include:
-- refer table in ANN
Details
Previously unreported assay results from 8 RC holes drilled from the southern portion of Garnet Valley have been returned with a number of stand-out zones of exceptional width and grade. These RC results are in fact the best returns to date, with grades significantly above the current average obtained so far for Garnet Valley. Detailed assay results are listed in the appended table.
This group of holes is located from 200 to 520 metres further south west, along-strike of the southern extent of the area upon which the impending maiden resource is being modeled (see Appendix 1). This clearly indicates that the initial resource for Garnet Valley will have significant upside potential. Please refer to attached plan and section for relative locations.
At present, RC drilling on the Husab Project is being directed at a first pass assessment of the New Camp and Hook prospects, and exploration drilling on the Rossing South target area continues. Additional information will be reported, as it becomes available.
bigdog
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http://www.wabusinessnews.com.au/en-story.php?/1/60199/Extract-up-40-on-strong-drill-results
Extract up 40% on strong drill results
23-January-08 by Jenelle Carter
Shares in uranium miner Extract Resources Ltd soared almost 40 per cent today to close at 81 cents following the announcement of significant drilling results at Garnet Valley on its Husab Uranium project in Namibia.
Its shares began the day at 71 cents, gaining 22 per cent on a previous closing price of 58 cents.
The South Perth-based company received assay results from RC drilling on the southern end of Garnet Valley, up to 520 metres south west of, and along-strike from the current zone being modelled for inclusion in the impending maiden resource estimate.
The results represent the best RC assays received by the company to date, with exceptional widths at medium to high grades.
The new results will not be incorporated in the company's maiden resource, but Extract said they clearly indicate that increases in subsequent resource estimates are likely.
Extract up 40% on strong drill results
23-January-08 by Jenelle Carter
Shares in uranium miner Extract Resources Ltd soared almost 40 per cent today to close at 81 cents following the announcement of significant drilling results at Garnet Valley on its Husab Uranium project in Namibia.
Its shares began the day at 71 cents, gaining 22 per cent on a previous closing price of 58 cents.
The South Perth-based company received assay results from RC drilling on the southern end of Garnet Valley, up to 520 metres south west of, and along-strike from the current zone being modelled for inclusion in the impending maiden resource estimate.
The results represent the best RC assays received by the company to date, with exceptional widths at medium to high grades.
The new results will not be incorporated in the company's maiden resource, but Extract said they clearly indicate that increases in subsequent resource estimates are likely.
bigdog
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ASX ANN today
The market liked todays ANN
EXT $1.015 +$0.165 +19.41% high of $1.16 low of $0.90 590,044 shares $603,152 @ 29-Jan 12:40:04
29-01-2008 08:55 AM EXT Massive Uranium Intersection from Garnet Valley
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00806291
MASSIVE URANIUM INTERSECTION FROM GARNET VALLEY 125 metres @ 1,344 ppm U3O8
Extract Resources (ASX / TSX code : EXT) is pleased to announce an update on the resource drilling program at Garnet Valley on their wholly owned Husab Uranium Project in Namibia.
-- Diamond drill hole GDD012 intersected 125 metres grading 1,344 ppm U3O8
-- Includes very high-grade zone of 31 metres grading 4,477 ppm U3O8
-- Which also includes a bonanza grade zone of 3 metres grading 44,601 ppm (4.46%) U3O8
Chemical assays have been returned from diamond drill hole GDD012, drilled within the Garnet Valley section of the 5 kilometre long Ida Trend. Results from this hole include an outstanding intersection of 125 metres grading 1,344 ppm U3O8 (1.344 kg/t, or 0.1344% U3O8). Within this, a very high grade zone of 3 metres grading 44,601 ppm (4.46%) U3O8 is unusual for “Rossing style” alaskite hosted primary uranium mineralization. This zone was characterized by a silicified, hydrothermal breccia that contained abundant smokey quartz.
The GDD012 intersect is unusually high for the Garnet Valley area and it should be noted that its influence on the resource model will be limited until closer spaced drilling around this hole can be completed. Furthermore, the significance of the very high grade (4.46% U3O8) zone will need to be investigated in much more detail, with a more intensive drilling pattern required to determine its extent.
21 deep core holes have now been completed at Garnet Valley for 6,900 metres of drilling. Chemical assay results have only been received from 8 of these holes with spectral measurements carried out on the drill core, with a hand held spectrometer, indicating that uranium mineralization continues to be intersected. This (diamond) drilling has only tested 1.2 kilometres of the Garnet Valley strike extent that RC drilling has indicated is still open over at least 2.2 kilometres. One diamond drill rig continues to drill the northern extension of Garnet Valley, with another rig to be allocated to completing deeper holes further south.
Overall assay results continue to indicate that uranium grades are being maintained or enhanced at depth, with intersection widths showing a tendency to increase substantially with increasing depth. Drilling intersections for these holes are regarded as being approximately true width.
The outstanding results from GDD012 are in addition to the previously reported high grade RC results (ASX release 23/01/2008) which included: 50 metres grading 494 ppm U3O8; 37 metres grading 459 ppm U3O8; and 32 metres grading 331 ppm U3O8. Hole GDD012 was collared 560 metres south of the previous best diamond core result reported (ASX release 27 Nov 2007) from hole GDD004 (86m @ 350 ppm or 0.350 kg/t) and continues to extend the mineralized zone along strike to the south.
The market liked todays ANN
EXT $1.015 +$0.165 +19.41% high of $1.16 low of $0.90 590,044 shares $603,152 @ 29-Jan 12:40:04
29-01-2008 08:55 AM EXT Massive Uranium Intersection from Garnet Valley
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00806291
MASSIVE URANIUM INTERSECTION FROM GARNET VALLEY 125 metres @ 1,344 ppm U3O8
Extract Resources (ASX / TSX code : EXT) is pleased to announce an update on the resource drilling program at Garnet Valley on their wholly owned Husab Uranium Project in Namibia.
-- Diamond drill hole GDD012 intersected 125 metres grading 1,344 ppm U3O8
-- Includes very high-grade zone of 31 metres grading 4,477 ppm U3O8
-- Which also includes a bonanza grade zone of 3 metres grading 44,601 ppm (4.46%) U3O8
Chemical assays have been returned from diamond drill hole GDD012, drilled within the Garnet Valley section of the 5 kilometre long Ida Trend. Results from this hole include an outstanding intersection of 125 metres grading 1,344 ppm U3O8 (1.344 kg/t, or 0.1344% U3O8). Within this, a very high grade zone of 3 metres grading 44,601 ppm (4.46%) U3O8 is unusual for “Rossing style” alaskite hosted primary uranium mineralization. This zone was characterized by a silicified, hydrothermal breccia that contained abundant smokey quartz.
The GDD012 intersect is unusually high for the Garnet Valley area and it should be noted that its influence on the resource model will be limited until closer spaced drilling around this hole can be completed. Furthermore, the significance of the very high grade (4.46% U3O8) zone will need to be investigated in much more detail, with a more intensive drilling pattern required to determine its extent.
21 deep core holes have now been completed at Garnet Valley for 6,900 metres of drilling. Chemical assay results have only been received from 8 of these holes with spectral measurements carried out on the drill core, with a hand held spectrometer, indicating that uranium mineralization continues to be intersected. This (diamond) drilling has only tested 1.2 kilometres of the Garnet Valley strike extent that RC drilling has indicated is still open over at least 2.2 kilometres. One diamond drill rig continues to drill the northern extension of Garnet Valley, with another rig to be allocated to completing deeper holes further south.
Overall assay results continue to indicate that uranium grades are being maintained or enhanced at depth, with intersection widths showing a tendency to increase substantially with increasing depth. Drilling intersections for these holes are regarded as being approximately true width.
The outstanding results from GDD012 are in addition to the previously reported high grade RC results (ASX release 23/01/2008) which included: 50 metres grading 494 ppm U3O8; 37 metres grading 459 ppm U3O8; and 32 metres grading 331 ppm U3O8. Hole GDD012 was collared 560 metres south of the previous best diamond core result reported (ASX release 27 Nov 2007) from hole GDD004 (86m @ 350 ppm or 0.350 kg/t) and continues to extend the mineralized zone along strike to the south.
Sean K
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Quite incredible grades for the style of deposit. Extraordinary really. Perhaps they've put a couple of 00's extra on there by mistake? 
How's the strike looking bigdog?
Length x width x depth? Ave grade?
How's the strike looking bigdog?
Length x width x depth? Ave grade?
bigdog
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ASX ANN today
We can see why the SP has been increasing over the past days!
But not much change to SP today!
EXT $1.315 +$0.015 +1.15% with high of $1.43 low of $1.305 1,180,654 shares $1,614,652 @ 01-Feb 14:03:26
01-02-2008 08:32 AM EXT Rossing South - Major New Uranium Discovery
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00808559
ROSSING SOUTH - A Major New Uranium Discovery
Extract Resources (ASX / TSX code : EXT) is pleased to announce a major new uranium discovery at their Rossing South exploration target which is part of their wholly owned Husab Uranium Project in Namibia.
SUMMARY:
Outstanding drill hole assay results hosted within uraniferous alaskite confirm a major new uranium discovery beneath desert sands, about 7 kilometres south of the Rossing Uranium Mine. Two of the three discovery holes ended in mineralisation and results include:
Hole ID From (m)To (m)-Mineralised zones
RBA001 40 metres @ 240 ppm AND 8 metres @ 240 ppm 998 ppm
RBA002 100 metres @ 265 ppm AND 69 metres @ 321 ppm
Reconnaissance drilling on lines 1.6 and 3.2 kilometres to the south and along-strike, has encountered further anomalous zones.
Extract Resources Managing Director, Peter McIntyre, said that this immediate success indicates enormous potential for the Rossing South target.
“The discovery so early in the program is an outstanding result. This is only the first line on a 15 kilometre strike target, and grades are similar to the Rossing mine grades. These early results cannot be understated, and confirm Rossing South as a world-class target.”
The discovery holes are approximately 1.5 kilometres from Extract’s northern boundary, which it shares with the world-class Rossing uranium province, and 7 kilometres south of the Rossing Mine itself. The Rossing South target area extends for 15 kilometres onto Extract’s licence, and is covered by desert sands up to 50 metres thick. This is the first time this target has been drilled.
A core hole is currently being drilled beneath the discovery holes, and a scissor RC hole will also be drilled to check the orientation. Reconnaissance drilling has also begun testing the bedrock 1.6 and 3.2 kilometres to the south and along the interpreted strike. Anomalous zones of uraniferous alaskite have been identified, and deeper drilling into these zones is now also planned.
We can see why the SP has been increasing over the past days!
But not much change to SP today!
EXT $1.315 +$0.015 +1.15% with high of $1.43 low of $1.305 1,180,654 shares $1,614,652 @ 01-Feb 14:03:26
01-02-2008 08:32 AM EXT Rossing South - Major New Uranium Discovery
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00808559
ROSSING SOUTH - A Major New Uranium Discovery
Extract Resources (ASX / TSX code : EXT) is pleased to announce a major new uranium discovery at their Rossing South exploration target which is part of their wholly owned Husab Uranium Project in Namibia.
SUMMARY:
Outstanding drill hole assay results hosted within uraniferous alaskite confirm a major new uranium discovery beneath desert sands, about 7 kilometres south of the Rossing Uranium Mine. Two of the three discovery holes ended in mineralisation and results include:
Hole ID From (m)To (m)-Mineralised zones
RBA001 40 metres @ 240 ppm AND 8 metres @ 240 ppm 998 ppm
RBA002 100 metres @ 265 ppm AND 69 metres @ 321 ppm
Reconnaissance drilling on lines 1.6 and 3.2 kilometres to the south and along-strike, has encountered further anomalous zones.
Extract Resources Managing Director, Peter McIntyre, said that this immediate success indicates enormous potential for the Rossing South target.
“The discovery so early in the program is an outstanding result. This is only the first line on a 15 kilometre strike target, and grades are similar to the Rossing mine grades. These early results cannot be understated, and confirm Rossing South as a world-class target.”
The discovery holes are approximately 1.5 kilometres from Extract’s northern boundary, which it shares with the world-class Rossing uranium province, and 7 kilometres south of the Rossing Mine itself. The Rossing South target area extends for 15 kilometres onto Extract’s licence, and is covered by desert sands up to 50 metres thick. This is the first time this target has been drilled.
A core hole is currently being drilled beneath the discovery holes, and a scissor RC hole will also be drilled to check the orientation. Reconnaissance drilling has also begun testing the bedrock 1.6 and 3.2 kilometres to the south and along the interpreted strike. Anomalous zones of uraniferous alaskite have been identified, and deeper drilling into these zones is now also planned.
Share price has done well over the last week with some profit taking today. There has been a lot of large orders going through with top 20 increasing there stakes.
There still a large number of chemical assay still waiting to be returned that if continue to record results like the recent ones should have a big impact.
Does anyone have any idea on when the resource model might be due out now??? I would guess at 4-6 weeks
Latest results on the Rossing south previously unexplored are extremely positive and will wait excitedly for futher results.
Thanks for keeping us updated big dog as this thread has stop to a crawl.
There still a large number of chemical assay still waiting to be returned that if continue to record results like the recent ones should have a big impact.
Does anyone have any idea on when the resource model might be due out now??? I would guess at 4-6 weeks
Latest results on the Rossing south previously unexplored are extremely positive and will wait excitedly for futher results.
Thanks for keeping us updated big dog as this thread has stop to a crawl.
Sean K
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Thread stopped to a crawl for a few reasons.
1. Jemma left.
2. It's been a dog.
These latest results aren't too much better then previously ann'd over the past 2 years, except for that singular incredible strike at Garnet Valley which IMO must be questionable. I say that because the grades are unlike any other alaskyte type. I stand to be corrected by those who have done more research. It is certainly not 'Rossing' style, from my understanding, but again, happy for someone to correct me. 4% uranium in an alyskyte?
I haven't seen a total strike/width/depth on Ida Dome yet, but the current resource of about 40m lbs at Namibian grades (other than above) is ho hum.
What's the potential for further upgrades along strike? I think at Namibian grades you need to have it all in one deposit and/or in close proximity, and shallow to be a true potential player.
Is Ida Dome going to turn into an open pit???
When you take out the share consolidation, the sp has meandered along for some time, ranging between 5 and 15 cents, or 50 cents and $1.50. Would be a definate change of fortune for it to stay above $1.25 and then clear $1.50.
1. Jemma left.
2. It's been a dog.
These latest results aren't too much better then previously ann'd over the past 2 years, except for that singular incredible strike at Garnet Valley which IMO must be questionable. I say that because the grades are unlike any other alaskyte type. I stand to be corrected by those who have done more research. It is certainly not 'Rossing' style, from my understanding, but again, happy for someone to correct me. 4% uranium in an alyskyte?
I haven't seen a total strike/width/depth on Ida Dome yet, but the current resource of about 40m lbs at Namibian grades (other than above) is ho hum.
What's the potential for further upgrades along strike? I think at Namibian grades you need to have it all in one deposit and/or in close proximity, and shallow to be a true potential player.
Is Ida Dome going to turn into an open pit???
When you take out the share consolidation, the sp has meandered along for some time, ranging between 5 and 15 cents, or 50 cents and $1.50. Would be a definate change of fortune for it to stay above $1.25 and then clear $1.50.
Attachments
Kennas, can you update the chart again please as it has cleared 1.25 and I assume you would not buy until 1.50 is cleared?? Is this correct. Huge buys going through looks like a overseas fund manager could be buying, given they are listed on the TSX also.
Cheers.
:
Sean K
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Looks pretty positive so far lioness. Has tested $1.25 ish and bounced off. I'm not sure what your definition of 'huge buys' is, but volume has actually come off the past week since the break up, which could indicate some minor distribution. This is too volatile for me to be buying other than very short term trades, and while the market's fckd. Good luck! kennasKennas, can you update the chart again please as it has cleared 1.25 and I assume you would not buy until 1.50 is cleared?? Is this correct. Huge buys going through looks like a overseas fund manager could be buying, given they are listed on the TSX also.
Cheers.
Attachments
bigdog
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ASX today
25/02/2008 Rossing South Update
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00815374
The market did not really like per SP today!
EXT $1.27 -$0.005 -0.39 $1.27 320,521 $414,948 @ 25-Feb 16:10:31
SUMMARY:
The initial Rossing South discovery holes are approximately 1.5 kilometres from Extract’s northern boundary, which it shares with the world-class Rossing uranium province, and 7 kilometres south of the Rossing Mine itself. The Rossing South target area extends for 15 kilometres onto Extract’s licence, and is covered by desert sands.
Two core holes have been drilled beneath the discovery holes, and a scissor RC hole. This additional drilling has helped confirm the geometry of the mineralised alaskites beneath the Namib Desert cover sequence. These holes were designed to follow up on the discovery results (ASX release 1 February 2008) which included 40 metres @ 240 ppm U3O8 (including 8 metres @ 998 ppm U3O8), and 100 metres @ 265 ppm U3O8 (including 69 metres @ 321 ppm U3O8).
Significantly, both original discovery holes ended in mineralisation indicating that the mineralised system is more extensive than the initial assay results suggest. Reconnaissance drilling has also been completed testing the bedrock on traverse lines (2 and 3) 1.6 and 3.2 kilometres to the south and along the interpreted strike. Anomalous zones of uraniferous alaskite have been identified, and deeper drilling into these zones is now underway. Rossing South is shaping up as a very large mineralised system with uraniferous alaskites and sediments intersected on Lines 2 and 3 extending over 500 metres in width.
25/02/2008 Rossing South Update
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00815374
The market did not really like per SP today!
EXT $1.27 -$0.005 -0.39 $1.27 320,521 $414,948 @ 25-Feb 16:10:31
SUMMARY:
- First pass reconnaissance drilling on three lines 1.6 kilometres apart indicates that uranium mineralisation extends over a zone of at least 3.2 kilometres along regional strike
- Width of mineralised system at least 160 metres on discovery Line 1 and anomalism over 500 metres wide on Lines 2 and 3.
- Angled core holes on discovery line confirms geometry of mineralised system with broad zones of anomalous uranium mineralisation indicated by hand held spectrometer readings taken from drill samples
- Three drill rigs now operating at Rossing South to follow up on discovery results
The initial Rossing South discovery holes are approximately 1.5 kilometres from Extract’s northern boundary, which it shares with the world-class Rossing uranium province, and 7 kilometres south of the Rossing Mine itself. The Rossing South target area extends for 15 kilometres onto Extract’s licence, and is covered by desert sands.
Two core holes have been drilled beneath the discovery holes, and a scissor RC hole. This additional drilling has helped confirm the geometry of the mineralised alaskites beneath the Namib Desert cover sequence. These holes were designed to follow up on the discovery results (ASX release 1 February 2008) which included 40 metres @ 240 ppm U3O8 (including 8 metres @ 998 ppm U3O8), and 100 metres @ 265 ppm U3O8 (including 69 metres @ 321 ppm U3O8).
Significantly, both original discovery holes ended in mineralisation indicating that the mineralised system is more extensive than the initial assay results suggest. Reconnaissance drilling has also been completed testing the bedrock on traverse lines (2 and 3) 1.6 and 3.2 kilometres to the south and along the interpreted strike. Anomalous zones of uraniferous alaskite have been identified, and deeper drilling into these zones is now underway. Rossing South is shaping up as a very large mineralised system with uraniferous alaskites and sediments intersected on Lines 2 and 3 extending over 500 metres in width.
Volume still low today (most of the volume in the last hour) but announcement due this week on resources should be interesting as they delayed it to include their latest results, which will increase resources above what they were originally quoting.
Also should be nearly due for some more drilling results.
Has held up above 1.20 now for a couple of weeks but as Kennas said needs to break through the 1.50 barrier to confirm the positive momentum continues.
Now where is the U price?????? as I'm sure the BMN guys would like to see it increase as well...
Also should be nearly due for some more drilling results.
Has held up above 1.20 now for a couple of weeks but as Kennas said needs to break through the 1.50 barrier to confirm the positive momentum continues.
Now where is the U price?????? as I'm sure the BMN guys would like to see it increase as well...
