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UEX Corp.
Summary
| Project: | Christie Lake | |
|---|---|---|
| Deposit: | Paul Bay | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 9/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-9-2016: UEX Corp. announces an Exploration/Drilling Update report for its Paul Bay deposit at the Christie Lake project. Drilling results incl. 5.5m @ 14.74% U3O8 from 492.2m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to announce ass | |
| 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 assay results from the first holes of the summer 2016 drilling program and radiometric results from five new holes completed on the Christie Lake Project (the “Project”). Based upon the results, UEX has elected to expand the budget of the 2016 drill program from $2.75 million to $4 million program. A second drill rig is currently being mobilized to site. The final assay results from the first three drill holes completed during the summer program that tested the High Grade Area within the Paul Bay Deposit are presented below. Radiometric grades from these three holes were previously reported in the UEX News Releases of June 24, 2016 and July 11, 2016. “We are pleased to identify an ultra-high grade core within the Paul Bay Deposit which was previously unconfirmed. We will now be looking to extend the Ultra-High Grade Core to the northeast with our upcoming holes.” – Roger Lemaitre, President and CEO | |
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