SPRINGBOK FLATS URANIUM,
PROVINCE, SOUTH AFRICA
have been submitted for prospecting rights over a total of some 47 km2
(4,700ha) located 15 km south east of the town of Bela Bela (Warmbaths),
90km north of Pretoria, in the south western part of a group of Karoo
sedimentary rocks known as the Springbok Flats Coal Field.
into the International Atomic Energy Agency geologically recognised
uranium deposit type classified as Lignite.
As the name implies,
the area is generally flat lying at an altitude of 106Om a.m.s.l., well
served by utilities, the N1 highway and the main Pretoria - Musina railway
line some 10km to the west.
Uranium was discovered in the Springbok
Flats Coalfield during exploration drilling in the coal zone of the Ecca
group of the Karoo supergroup. The Coal zone which is up to 12m thick
occurs in the uppermost part of the Permian Ecca group which has been
correlated with the Volksrust formation of the main Karoo basin. Uranium
was detected as depths of 20m to 650m with most occurrences ranging from
100m to 200m below surface.
The Springbok: Flats basin is a fault
bounded Graben trending north-east southwest with approximate
dimensions of 190km by 60km. The uranium is concentrated in the coal and
carbonaceous shale of the upper part of the coal zone over a width of 1m
with an upper enriched zone of 0,1m, containing reported grades ranging
from 160g/ton to 1kg/ton over the total width.
The uranium is
disseminated in the coal and carbonaceous shale with grain sizes of less
than 20 microns. Suggested uranium carriers are coffinite (USiO4),
oyamalite ([P]ZrSiO4), aurelite (Th silico-phosphate) and solid solution
between coffinite and xenotime (YPO4). A High proportion of uranium is
probably held in organo-metallic compounds.
The source of the
uranium is from the proximate granites (20-40ppm U) of the Bushveld
Igneous Complex (2,06 Ga) which surround and underlies a large proportion
of the Springbok Flats basin. The highest concentrations of uranium occur
in the vicinity of granitic palaeo-highs and below the coarse grained
pebbly sandstone of the Late Triassic Molteno formation where it
discordantly overlies the coal zone.
As the uranium is located in the
upper part of the coal zone, it was probably formed epigenetically from
oxidised ore fluids that migrated from both the granitic palaeo-highs and
surrounding BIC granites and from the overlying granitic detritus of the
Karoo sedimentary formations, transported downwards by oxidising ground
water. The uranium would have been adsorbed by the carbonaceous fractions
producing organo-metallic compounds.
The following is a calculation
of a possible tonnage and grade and in no way does this reflect
prospecting results over the area concerned, but is included for
illustrative purposes only.
An area of 4,700ha at 1m width with an
SG of 2,t5 could produce 100,000,000 tons of are (15% loss factor assumed
- geological and other losses).
If a grade of 0,4kg/ton can be
proven, this would produce 40,000,000kg or -88,000,000lbs of
|R. J. Mossom
0. 1.,1998. Uranium in The Mineral Resources of South Africa (M.G.C.
Wilson & C.R. Anhaeusser, eds.): Handbook, Council for Geoscience,
'16, p 6Ej3.
the next big run-up
Is Set To Explode!
Odyssey Oil & Gas
sitting on top of
88,000,000 million pounds of
price of uranium is above
$63.00 a pound (as of May 13, 2008).
do the math.
It's in the billions!
OOGI is where your
money should be!
Here's a little secret that
hasn't hit the
market yet. You want the "next big
thing", a company
that can grow by
Odyssey Oil & Gas (OOGI.OB) has
acquired the rights
for the Springbok
Flats Uranium field in Limpopo Province
Africa. The initial report by R.
J. Mossom (Bsc,
says that the possible tonnage could be
88,000.000 pounds of
$63 dollars a pound x 88
pounds = $5.5 BILLION! That's billion
with a very big
|Odyssey Oil and Gas is one of those small cap
gems that can become a|
winner for those who get in now. The stock
was laying flat at $0.40 for a long time... but that was before the
company decided to get into the uranium
business in a big
Price of uranium up
OOGl is a Florida company with an interest
in a Texas oil well and this Texas company's African expansion
isperfectly timed for you to profit from. The price of uranium is up
over five fold in the past two years. You think that common-sense
market forces alone won't double or triple this stock. How about a
rise of ten to twenty times? Eighty Cents to $8 bucks.
85 cents. I think it will go a lot higher and everyone who mines
their share will be in line for some spectacular windfall profits.
Add billions in potential sale to a small cap stock at forty cents
just waiting to be discovered and the timing is unbeatable for those
who get in now.
Are you with me so far?
Are you With the OOGI
Or are you wailing for the train to leave the station
and talk about another one you missed?
The word on The word on
Odyssey Oil & Gas hasn't really hit the street. With all the hot
air from the dozens of big-mouths running for President, OOGI's
Springbok Flats Uranium Field is under the radar, waiting for fund
managers to do the math.
Okay, Let's do that again. Uranium is at
$63 bucks a pound. OOGI's South African field could have up to 88
Billion pounds. Get out your calculator if you have enough
Traders Prophet in his Small and Micro Cap stock
service was bullish on Uranium Stocks back in the Autumn of 2006. He
felt they were tremendously undervalued. By the middle of 2007 they
had become fully valued and he issued sell recommendations on all
the Uranium picks. Those that listened made huge
Fronteer Development (FRG:AMEX) From October, 2006
to May, 2007 the stock moved from $5.20 to $14+.
Resources (URRE:NASDAQ) From October, 2006 to November, 2007 the
stock moved from $2.50 to $15 and the stock moved from the OTCBB to
Uranerz Energy (URZ:AMEX) From October, 2006 to May,
2007 the stock moved from $1.50 to $7.50 and the company moved from
OTCBB to AMEX.
USA Uranium (USAU:OTCBB) From October, 2006 to
May, 2007 the stock moved from $0.10 to $1.25.
After a big
sell off, Uranium Stocks are once again headed