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United Battery Metals Corp.
Summary
| Project: | Wray Mesa | |
|---|---|---|
| Deposit: | Wray Mesa | |
| Location: | United States | |
| Commodities: | Uranium-Vanadium | |
| Date: | 2/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2019: United Battery Metals Corp. announces a Resource Estimation report for its Wray Mesa deposit at the Wray Mesa project. Exploration target for Wray Mesa. This report was prepared as an Exploration Target-level Canadian National Instrument 43-101 | |
| Resources: | Exploration Target: 80Kt - 150Kt @ 0.15% - 0.18% U3O8, 0.60% - 1.80% V2O5 | |
| CP/QP: | [Overall Report]: Matthew Hartmann (SRK Consulting (US) Inc.) | |
| ABSTRACT: | This report was prepared as an Exploration Target-level Canadian National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) for United Battery Metals corp. (UBMC) by SRK Consulting (U.S.), Inc. (SRK) on the Wray Mesa Project (Wray Mesa). The Wray Mesa Project encompasses approximately 900 acres of unpatented federal lode mineral claims located on U.S. Department of the Interior, Bureau of Land Management (BLM) controlled surface and mineral rights in Montrose County, Colorado. The property is located in the La Sal Creek mining district and is also associated with the La Sal mining district to the west. UBMC acquired the property through acquisition of Greenhat Minerals Holdings Ltd. (U.S.) in 2018. The project is wholly owned by UBMC and is not subject to royalties or other third-party interests. The property also hosts the formerly producing Geo 1 Mine operated by Pioneer Uravan Inc. in the late 1970s and early 1980s. The surface facilities of this underground mine were reclaimed in the 1990s. The Wray Mesa Project is located within the Canyonlands section of the east-central Colorado Plateau, in far western Colorado. The basement rocks of the region are primarily Proterozoic metamorphics and igneous intrusions, overlain by a sequence of Upper Paleozoic, Mesozoic, and Cenozoic sedimentary rocks. The area was relatively stable throughout the Paleozoic and Mesozoic Eras, with minor uplift and subsidence events resulting in a relatively flat-lying sedimentary deposits including fluvial systems, eolian sandstones, marine clastics, limestones, and evaporites. The Uncompahgre Uplift to the northeast of the of the project area, was active during the late Paleozoic and controlled deposition of a thick sequence of clastics from the Pennsylvanian through the early Jurassic within the Paradox Basin to the east. During the Late Mesozoic, the warm, shallow, Cretaceous Seaway flooded the region, depositing thick sequences of marine shale, as well as sequences of limestone, siltstone and sandstone. The uplift of the Colorado Plateau occurred in the Late Mesozoic as part of the Laramide Orogeny (Carter and Gualtieri, 1965). The host of the uranium and vanadium mineralization in the project area is the Salt Wash Member of the Jurassic Morrison Formation. The Salt Wash was deposited in a braided fluvial system, consisting of interbedded fluvial sandstones and floodplain mudstones. Within the uppermost Salt Wash, numerous channel sands have coalesced into a relatively thick sandstone unit referred to as the Top Rim. The uranium and vanadium mineralization exploited at the Geo 1 Mine was located within this Top Rim Sandstone. | |
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