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UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Christie Lake | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 6/24/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-6-2016: UEX Corp. announces an Exploration/Drilling Update report for its Christie Lake deposit at the Christie Lake project. JV with JCU - drilling results incl. 2.6m @ 3.82% eU3O8 from 507.25m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pl | |
| Resources: | (Resource, Historic): 20.87Mlbs U3O8 @ 3.22% U3O8, Historic resource for Paul Bay, Ken Pen deposits | |
| CP/QP: | [Overall Report]: Roger Lemaitre, Trevor Perkins (Internal) | |
| ABSTRACT: | UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to announce the radiometric results of drill hole CB-092-1 at the Christie Lake Project (the “Project”), where UEX has a $2.75 million drill program which recommenced in mid-June. The Project is owned 10% by UEX and 90% by JCU (Canada) Exploration Company Limited (“JCU”). UEX holds an option to earn up to a 70% interest in the Project. Radiometric Equivalent Grades (“REGs” or “eU3O8”) from down-hole probe results from hole CB-092- 1 (see Figure 1) intersected widespread uranium mineralization within which a high-grade core averaged 3.82% eU3O8 over 2.6 m (507.25 to 509.85 m). Within this core zone, a higher grade subinterval of 8.09% eU3O8 over 1.0 m was also encountered. The eU3O8 grade was estimated in-situ within the drill hole using calibrated down-hole radiometric gamma probes. Samples from hole CB-092-1 (an offcut from hole CB-092 drilled this past winter) have been collected for assay analysis to confirm these equivalent grades. The samples will be analyzed at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan, with results expected in the coming weeks. | |
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