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UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Paul Bay | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 3/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2017: UEX Corp. announces an Exploration/Drilling Update report for its Paul Bay deposit at the Christie Lake project. Drilling results incl. 11.2m @ 4.94% eU3O8 from 493.8m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to announce as | |
| 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 ongoing 2017 exploration program at the Christie Lake Project. Four holes have been completed within the Paul Bay Deposit to close some gaps in the drilling to allow the Company to finalize our first NI 43-101 resource estimate on the Christie Lake Project. Assays from the two holes drilled in the lower segment of the Paul Bay Deposit in the vicinity of CB-102 (3.40% U3O8 over11.2 m – see News Release of December 15, 2016) have been received. Both holes were drilled with the objective of determining whether a higher grade subzone existed around CB-102, in an area where existing holes of generally low grade uranium intersections were widely spaced. The eU3O8 grades were estimated in-situ within the drill holes using calibrated down-hole radiometric gamma probes. Samples from all holes 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. The details on how eU3O8 was calculated from the probe grades were outlined in our press release of May 24, 2016. The Ōrora discovery remains open in both directions along strike, with the width of the mineralization yet to be determined. | |
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