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Azarga Uranium Corp.
Summary
| Project: | Dewey Burdock | |
|---|---|---|
| Deposit: | Dewey Burdock | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 11/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-11-2018: Azarga Uranium Corp. announces a Resource Estimation report for its Dewey Burdock deposit at the Dewey Burdock project. Updated mineral resource estimate at the project. AZARGA URANIUM CORP. (TSX: AZZ, OTCQB: AZZUF, FRA: P8AA) (“Azarga Uranium | |
| Resources: | (Resource, M+I): 7.528Mt @ 0.113% U3O8 | |
| CP/QP: | [Resources]: Steve Cutler (Roughstock Mining Services) | |
| ABSTRACT: | AZARGA URANIUM CORP. (TSX: AZZ, OTCQB: AZZUF, FRA: P8AA) (“Azarga Uranium” or the “Company”) is pleased to announce that the Company has completed an updated National Instrument 43-101 (“NI 43-101”) resource estimate for its initial development priority, the Dewey Burdock ISR Uranium Project in South Dakota (the “Dewey Burdock Project”) following the Company’s analysis of historical data and the evaluation of revised cut-off criteria, consistent with other producing ISR projects in nearby Wyoming. Blake Steele, Azarga Uranium President and CEO, stated: “We are extremely pleased with the exceptional results of this resource update. Both the scale and the confidence of the Dewey Burdock resource estimate have improved substantially, with Measured resources increasing by 234%. The Dewey Burdock Project is a very significant ISR resource in the USA and offers a sector leading combination of grade and scale among its US ISR peers. We look forward to completing an updated preliminary economic assessment on the back of this resource increase that will likely improve the Dewey Burdock Project economics.” | |
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