For thousands of other reports visit RSC's Mineral Intellingence Map
UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Christie Lake | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 1/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2017: UEX Corp. announces an Exploration/Drilling Update report for its Christie Lake deposit at the Christie Lake project. Drilling results incl. 2.5m @ >15,000cps (SPP2 reading) from 579.6m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is ple | |
| 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 that the first drill hole of the 2017 exploration program at the Christie Lake Project (the “Project”) has encountered a new high-grade zone of unconformity-style uranium mineralization along the Yalowega Mineralized Trend, 500 m northeast and along strike of the known deposits (see Figure 1). Hole CB-109 intersected a 7.8 m long (from 475.65 – 483.45 m) mineralized segment with three sections of off-scale massive uranium mineralization exceeding the maximum possible measurement from a hand-held SPP2-NF Series 20 scintillometer. UEX currently holds a 30% interest in the Christie Lake Project and is working under an option agreement to earn up to a 70% interest. The Project is located approximately 9 km northeast and along strike of Cameco’s McArthur River Mine, the world’s largest uranium producer. The P2 Fault, the controlling structure for all of the McArthur River deposits, continues to the northeast beyond the mine. UEX believes that through a series of en-echelon steps the northeast strike extension of the P2 Fault not only crosses the Project but also controls the two known uranium deposits on Christie Lake, the Paul Bay and Ken Pen Deposits. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report