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UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Orora Zone, Paul Bay | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 5/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-5-2017: UEX Corp. announces an Exploration/Drilling Update report for its Orora Zone, Paul Bay deposit at the Christie Lake project. JV - Drilling results incl. 18m @ 0.77% U3O8 from 466m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased t | |
| 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 that the last outstanding assays from the winter drilling program have been received from holes testing the Ōrora Zone at the Christie Lake Project. A two-phase exploration drilling program with a combined budget of up to $2.5 million has been approved by the project partners with the sole focus of expanding the Ōrora Zone. Preparations for the summer campaign, including exploration permitting, are currently underway. UEX anticipates commencing the summer drill program in late June. These composite assay intervals confirm the REG grades previously reported in UEX’s News Release of April 26, 2017. True widths are anticipated to be approximately 80-85% of the mineralized core length. The Ōrora Zone discovery has so far been defined over a minimum strike length of 65 m and has a width of at least 20 m at its southwestern end. The ultimate width of the Ōrora Zone at the unconformity has not yet been defined by drilling. Most importantly, Ōrora remains open for expansion along strike to the southwest and to the northeast and down-dip to the southeast into the basement. Due to extensive core loss within the mineralized interval in hole CB-109-1, the Company was unable to confirm the results of the radiometric equivalent grades in this hole announced in the UEXNews Release of April 26, 2017 (0.24% eU3O8 over 1.5 m from 467.65 to 469.15 m). Assays from a minor mineralized interval located 22 m down hole from this REG interval returned minor uranium mineralization averaging 0.34% U3O8 over 0.4 m from 490.3 to 490.7 m | |
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