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UEX Corp.
Summary
| Project: | West Bear | |
|---|---|---|
| Deposit: | West Bear | |
| Location: | Canada | |
| Commodities: | Cobalt-Nickel | |
| Date: | 4/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-4-2018: UEX Corp. announces an Exploration/Drilling Update report for its West Bear deposit at the West Bear project. Drilling results incl. 22.5m @ 1.78% Co, 1.06% Ni from 73.5m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”), through its 100%-own | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger Lemaitre, Trevor Perkins (Internal) | |
| ABSTRACT: | UEX Corporation (UEX:TSX) (“UEX” or the “Company”), through its 100%-owned subsidiary, CoEX Metals Corporation (“CoEX”) is pleased to announce the second tranche of assay results have been received for nine additional holes from the Phase 1 winter drilling program on the 100%-owned West Bear Cobalt-Nickel Prospect, located in the eastern Athabasca Basin of northern Saskatchewan. The Company completed 41 holes totaling 4,457 m on its West Bear Cobalt-Nickel Prospect located on the West Bear Project (the “Project”). On February 28, 2018, UEX announced that it had commenced a $1.5 million 3,500 m, 30-40 drill hole program at West Bear with the objective of expanding the size of the high-grade cobalt and nickel mineralized zone. Phase 1 drilling activities at West Bear have now been concluded in preparation for the spring thaw. With the addition of this second tranche of assay results, UEX now has complete assay data from a total of 12 of the 41 holes drilled this winter. The assay results of the first three holes were previously announced in UEX’s News Release of April 9, 2018, and included an intersection of 2.00% Co and 1.26% Ni over 10.5 m from 46.0 to 56.5 m in hole WBC-001. Cobalt mineralization was encountered over significant widths in eight of the nine holes from the second tranche of samples. Hole WBC-012 encountered 1.78% Co and 1.06% Ni over 22.5 m from 73.5 to 96.0 m and included a subinterval of 4.90% Co and 2.08% Ni over 8.0 m from 77.0 to 85.0 m. | |
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