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UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Christie Lake | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 12/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-12-2018: UEX Corp. announces a Resource Estimation report for its Christie Lake deposit at the Christie Lake project. Initial mineral resource estimate for Christie Lake. UEX Corporation (UEX:TSX) (“UEX” or the “Company”), is pleased to announce the ma | |
| Resources: | (Resource, Inf.): 588Kt @ 1.57% U3O8 | |
| CP/QP: | [Resources]: A Mitrofanov, D Machuca, G Cole, C Revering (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | UEX Corporation (UEX:TSX) (“UEX” or the “Company”), is pleased to announce the maiden mineral resource statement for the Christie Lake Uranium Project (the “Project”). The Mineral Resource Statement was prepared by Dr. Aleksandr Mitrofanov, P.Geo., supported by Dr. David Machuca, P.Eng., and Mr. Glen Cole, P.Geo. of SRK Consulting (Canada) Inc. in accordance with Canadian Securities Administrators’ National Instrument 43-101 Standards of Disclosure for Mineral Projects. Dr. Mitrofanov, Dr. Machuca and Mr. Cole are independent Qualified Persons as this term is defined in National Instrument 43-101. The effective date of the Mineral Resource Statement for the Christie Lake Project is December 13th, 2018. The Mineral Resource Statement for the Project is presented in the table below. Considering the early stage of the Project, the general widely spaced drill pattern and the overall uncertainty in the spatial distribution of grades, SRK consider all the reported mineral resources to be classified as Inferred Mineral Resources. After review of similar underground projects and discussions with UEX, SRK considers that it is appropriate to report the mineral resources for the Project at a cut-off grade of 0.2 percent of uranium. | |
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