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Uranium Energy Corp.
Summary
| Project: | Burke Hollow | |
|---|---|---|
| Deposit: | Burke Hollow | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 7/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 25-7-2017: Uranium Energy Corp. announces an Exploration/Drilling Update report for its Burke Hollow deposit at the Burke Hollow project. Drilling results incl. 9.1m @ 0.083% pU3O8 from 108.5m. CORPUS CHRISTI, TX, July 25, 2017 /CNW/ - Uranium Energy Corp | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Clyde L. Clancy (Internal) | |
| ABSTRACT: | CORPUS CHRISTI, TX, July 25, 2017 /CNW/ - Uranium Energy Corp (NYSE MKT: UEC, the "Company" or "UEC") is pleased to announce that the Company is extending the drilling campaign on its Burke Hollow in-situ recovery ("ISR") uranium project into early September with an additional estimated 30 holes to be drilled. Drilling commenced on April 3 this year with initial plans to drill up to 100 delineation and exploration holes through the year. As of July 21, a total of 94 holes have been successfully completed for a total of 40,420 feet of drilling with each hole having an average depth of 430 feet. Andy Kurrus, the Company's VP of Resource Development stated, "The Burke Hollow project continues to develop and expand as a classic South Texas Goliad Formation model. We are very excited about the drilling results to date, and anticipate continuing resource growth throughout the multiple roll fronts present on the property. The 2017 drilling campaign has been the most successful to date in terms of efficiency, budget and results." The two main objectives of this campaign are to complete the exploration and delineation drilling phase of two closely-related Goliad Formation uranium trends which will constitute Burke Hollow Production Area 1, and to further extend and expand these open-ended trends within Burke Hollow. These trends had earlier been proven to extend over a distance of 1.7 miles, northwest to southeast, during four previous UEC drilling campaigns beginning in 2012. Based on the recent drilling results to date, the mineralized trends have now been explored and delineated over a distance of four miles, still showing additional extension potential and strong mineralization. Infill delineation drilling continues as required in order to develop the Production Area 1 monitoring plan. | |
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