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UEX Corp.
Summary
| Project: | West Bear | |
|---|---|---|
| Deposit: | West Bear | |
| Location: | Canada | |
| Commodities: | Cobalt-Nickel | |
| Date: | 5/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-5-2018: UEX Corp. announces an Exploration/Drilling Update report for its West Bear deposit at the West Bear project. Drilling results incl. 28m @ 0.16% Co, 0.13% Ni from 43.0m. UEX Corporation (UEX:TSX) (“UEX” or the “Company”), through its 100%-owned | |
| 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 fourth tranche of assay results have been received for the final fifteen 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”) with the objective of expanding the size of the cobalt and nickel mineralized zone. Phase 1 drilling activities at West Bear have now been concluded. With the addition of this fourth tranche of assay results, CoEX now has complete assay data from all 41 holes drilled this winter. The assay results of the first twenty-six holes were previously announced in UEX’s News Releases on April 9, 2018, April 19, 2018, and April 25, 2018 which included intersections of 4.90% Co and 2.08% Ni over 8.0 m from 77.0 to 85.0 m in WBC-012 and 2.00% Co and 1.26% Ni over 10.5 m from 46.0 to 56.5 m in hole WBC-001. Hole WBC-032 intersected 0.74% Co and 0.48% Ni over 5.0 m from 43.5 to 48.5 m within a wider interval of mineralization that assayed 0.16% Co and 0.13% Ni over 28.0 m from 43.0 to 71.0 m. Hole WBC-029 encountered cobalt and nickel mineralization over the widest interval to date, as a 52.6 m interval assayed 0.07% Co and 0.09% Ni starting at a depth of only 19.4 m and extending to 72.0 m. A subinterval assayed 1.20% Co and 0.91% Ni over a core length of 1.6 m from 19.4 to 21.0 m | |
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