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UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Orora Zone, Paul Bay | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 4/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-4-2017: UEX Corp. announces an Exploration/Drilling Update report for its Orora Zone, Paul Bay deposit at the Christie Lake project. JV - Drilling results incl. 10m @ 17.11% U3O8 from 471.0m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is please | |
| 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 assay and radiometric results from the winter 2017 drilling program at the Christie Lake Project, where we successfully expanded the Ōrora Zone and identified the potential for extending uranium mineralization downdip into the basement. Our team has begun to understand the orientation of the Ōrora deposit. Holes CB-109 and CB-116A have identified an ultra-high grade structural trap ranging from 8 to 16m wide, skirted by a halo of uranium mineralization. We are eagerly anticipating the summer drill program when we will be growing Ōrora by targeting this key structural feature along the Yalowega Trend. - Roger Lemaitre, President & CEO. CB-116A-2 increases the width of the new discovery along its southwestern margin to a minimum of 20 m, the widest section Ōrora Zone mineralization encountered at the unconformity to date. Ōrora remains open for expansion along strike to the southwest and to the northeast and down-dip to the southeast into the basemen. This winter, UEX completed 18 holes totaling 8,171 m of the planned 20 hole – 12,000 m drill program. Significant meterage was saved from the plan after the discovery of the Ōrora Zone, which required the use of in-hole wedging to accurately hit its targets. Amounts not expended during the winter program will be combined with the summer Christie Lake drilling program. | |
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