For thousands of other reports visit RSC's Mineral Intellingence Map
UEX Corp.
Summary
| Project: | West Bear | |
|---|---|---|
| Deposit: | West Bear | |
| Location: | Canada | |
| Commodities: | Cobalt-Nickel | |
| Date: | 5/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-5-2019: UEX Corp. announces an Exploration/Drilling Update report for its West Bear deposit at the West Bear project. Drilling results incl. 8.3m @ 0.33% Co and 0.75% Ni from 55.5m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to annou | |
| Resources: | (Resource, Inf.): 390Kt @ 0.37% Co, 0.22% Ni for 3172Klbs Co, 1928Klbs Ni contained | |
| CP/QP: | [Overall Report]: Roger Lemaitre, Trevor Perkins (Internal) | |
| ABSTRACT: | UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to announce the sixth and final tranche of assay results have been received for the final twenty-four holes drilled during the winter drilling program expanding the West Bear Cobalt-Nickel Deposit (the “Deposit”) on the 100% owned West Bear Property, located in the eastern Athabasca Basin of northern Saskatchewan. Highlights from the sixth tranche include hole WBC-143, which intersected 8.3 m averaging 0.33% Co and 0.75% Ni from 55.5 m to 63.8 m, which contained a subinterval of 0.55% Co and 1.39% Ni over 4.0 m from 55.5 m to 59.5 m. The Company completed 126 holes totaling 11,412.5 metres during the winter drill program. All results from this drill program have now been received. UEX announced assay results from the first 102 holes in the Company’s news releases dated February 7, 2019, March 18, 2019, April 1, 2019, April 15, 2019 and April 30, 2019, available at www.sedar.com or UEX’s website at www.uexcorporation.com. Assay results from nineteen of the twenty-four holes received in the sixth tranche returned composite grades that exceed the cobalt equivalent (“CoEq”) grade of 0.023% CoEq, the same cut-off grade used in UEX’s maiden resource estimate for the West Bear Cobalt-Nickel Deposit announced on July 10, 2018 available at www.sedar.com or UEX’s website at www.uex-corporation.com (see Table 1 and Figure 1). The Company has also collected and submitted to the laboratory an additional 757 samples from 62 historical sonic drill holes and 12 historical diamond drill holes identified as containing previously unsampled intervals considered favourable for hosting cobalt-nickel mineralization. UEX is still awaiting the laboratory results from these historical holes. This winter’s drill program has successfully grown the West Bear Deposit along strike to the west and down-dip to the southeast. Assay results have also encountered good grades in infill holes located within the footprint of the Deposit as defined before the start of the winter program. We are looking forward to receiving the sampling of the seventy-four historical holes, as they will be key to defining the ultimate shape of the Deposit | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report