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UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Christie Lake | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 11/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-11-2019: UEX Corp. announces an Exploration/Drilling Update report for its Christie Lake deposit at the Christie Lake project. Drilling results incl. 1.9m @ 1.17% U3O8 from 498.1m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to announc | |
| Resources: | (Resource, Inf.): 588Kt @ 1.57% U3O8 | |
| CP/QP: | [Overall Report]: Roger Lemaitre, Trevor Perkins (Internal) | |
| ABSTRACT: | UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to announce the results of the 2019 Phase II exploration program at the Christie Lake Project. The summer drilling program was 8,122 m diamond drilling in 14 holes. The highlight of the program was the intersection of new uranium mineralization in hole CB-141. This hole encountered perched uranium mineralization located approximately 8 m above the unconformity that returned a Radiometric Equivalent Grade (“REG”) of 1.17% eU3O8 over 1.9 m from 498.1 m to 499.6 m (true width is anticipated to be 85-90% of the core length). CB-141 was drilled to test the B Trend approximately 600 m along strike to the northeast of historical mineralized drill hole CB-048, which averaged 0.25% U3O8, 2.05% Co and 2.32% Ni over 1.5 m within a fault structure located approximately 50 m below the unconformity. Strong hydrothermal alteration was observed in drill holes collared northeast of CB-141 and in a separate location 1.5 km southwest in hole CB-147 drilled at the southernmost end of the B Trend coincident with another low resistivity anomaly. Due to poor core recovery within the mineralized interval in CB-141, REG’s are considered to be a more accurate representation of uranium concentration than assay grades for this hole. For more information regarding the determination of REG’s please refer to the section below About Radiometric Equivalent Grades. | |
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