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UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Ken Pen, Paul Bay | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 12/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-12-2016: UEX Corp. announces an Exploration/Drilling Update report for its Ken Pen, Paul Bay deposit at the Christie Lake project. Drilling results incl. 15.1m @ 2.60% U3O8 from 527.4m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to a | |
| 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 final assay results from the summer 2016 drilling program on the Christie Lake Project (the “Project”). A winter 2017 program is being planned, with the goals of expanding the mineralization at Ken Pen and Paul Bay, as well as testing northeast along the Yalowega Trend. Outside of the Ken Pen and Paul Bay deposits, sporadic historic drilling encountered both unconformity and shallow basement mineralization along the Yalowega Trend. Our team is eager to apply our improved area knowledge to the Yalowega Trend targets. Preparations for the winter drill program are currently underway. As many of the Yalowega‐trend drill targets are best drill tested in the winter from lake ice platforms, UEX has mobilized a team to the Project to adequately thicken the lake ice in advance of an early January drilling program. The assay results from the drill holes completed during the summer program at the Ken Pen Deposit are presented below. Radiometric equivalent grades (“REGs”) from these holes were previously reported in the UEX News Release of November 7, 2016. Assay results were generally in line with the previously reported REG results. Assay results for the final holes completed to test the extent of the Paul Bay Deposit are presented below and were generally in line with the previously reported REG results. | |
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