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UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Christie Lake | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 2/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2017: UEX Corp. announces an Exploration/Drilling Update report for its Christie Lake deposit at the Christie Lake project. Drilling results incl. 17.70m @ 11.46% U3O8 from 475.10m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to ann | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Roger Lemaitre, Trevor Perkins (Internal) | |
| ABSTRACT: | UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to announce results from the first four holes completed on the 2017 exploration program at the Christie Lake Project (the “Project”). The Ōrora Zone currently has a minimum strike length of 20 m and remains open for expansion in all directions (see Figure 1). UEX will be following‐up these results with additional drilling during the ongoing winter program. With these results, UEX eagerly anticipates what the remainder of the winter program will reveal. Along the 1.5 km long Yalowega Trend, only three holes have successfully tested the unconformity where it is intersected by the lower breccia unit. Two of these holes intersect the Ōrora Zone as we have currently defined it. The third is UEX hole CB‐104, a high‐grade hole which tested the Ken Pen Zone 500 m to the southwest. Clearly, we have a lot of exciting work ahead of us to properly investigate the potential of this previously unrecognized uranium‐bearing feature. ‐ Roger Lemaitre, President & CEO The potential for the discovery of basement‐hosted mineralization akin to the Paul Bay Zone also remains untested along most of the length of the Yalowega Trend. This winter UEX is also drilling within the Paul Bay Deposit to tighten up drill hole spacings both within the Upper High Grade Zone and the area surrounding CB‐102, which encountered unexpectedly high‐grade mineralization within the lower third of the deposit. These tighter spacings are required to finalize UEX’s first NI‐43‐101 resource report on the Christie Lake Project, which is scheduled for completion by the end of the second quarter. | |
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