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Azarga Uranium Corp.
Summary
| Project: | Dewey Burdock | |
|---|---|---|
| Deposit: | Dewey Burdock | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 2/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-2-2018: Azarga Uranium Corp. announces an Exploration/Drilling Update report for its Dewey Burdock deposit at the Dewey Burdock project. Drilling results incl. average eU3O8 grade of 0.139% at avg. 5.1ft. AZARGA URANIUM CORP. (TSX:AZZ) (“Azarga Uranium | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Mays (Internal) | |
| ABSTRACT: | AZARGA URANIUM CORP. (TSX:AZZ) (“Azarga Uranium” or the “Company”) is pleased to announce that the Company continues to identify new uranium mineralization at its initial development priority, the Dewey Burdock in-situ recovery (“ISR”) uranium project in South Dakota (the “Dewey Burdock Project”). On 8 February 2018, the Company announced newly identified uranium mineralization at the Dewey area of the Dewey Burdock Project, with the expectation of identifying additional uranium mineralization at the Burdock area of the project. Through the continued analysis of historical data owned by the Company (the “Data Set”) and the evaluation of revised ISR cutoff criteria, consistent with other producing ISR projects in nearby Wyoming, the Company has identified significant, new uranium mineralization at the Burdock area of the Dewey Burdock Project. “We are very excited to have completed our initial analysis of the Data Set for the Dewey Burdock Project. The results to date have exceeded our expectations. With initial review of both the Dewey and Burdock areas complete, the newly identified uranium mineralization indicates widespread potential to significantly increase the currently identified uranium resources at the Dewey Burdock Project. The number of newly identified uranium intercepts from this initial review nearly equals the number of intercepts used to calculate the existing resource estimate for the Dewey Burdock Project. We look forward to completing a resource update for the Dewey Burdock Project as well as a revised preliminary economic assessment”, said John Mays, Chief Operating Officer | |
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