Seems as though AGS is sitting in the middle of one of the world's biggest uranium deposits. Heathgate, which operates the Beverly mine has announced a new discovery to the north of Beverly and close to B4M. Quasar a subsidiary of Heathgate is in a J.V. with Alliance (AGS) and has been drilling and constantly upgrading the B4M deposit.
This can only be good news for AGS as it can be expected that further high grade extensions will be announced.And Deeplode is reasonably sure that a resource upgrade to B4M will follow closely on the heels of the Heathgate announcement.
The lines on the permit maps do not deineate the geological structures.
In the mean time production will begin in the second half of 2010 on the existing B4M deposit after a few agreements are reached.
AGS is certainly still at the front of DeepLode's mind and of others in Collins St (who represent overseas interests.) The top 20 has not moved out of the Gandel orbit. YET !! So Deeplode is not even a trader now...Wait.
And follow the news on hotcopper.com.au Ignore Hot Copper at your peril
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