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Uranium Energy Corp.
Summary
| Project: | Burke Hollow | |
|---|---|---|
| Deposit: | Burke Hollow | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 11/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2017: Uranium Energy Corp. announces a Resource Estimation report for its Burke Hollow deposit at the Burke Hollow project. Burke Hollow resource increased by 38%. CORPUS CHRISTI, TX, Nov. 27, 2017 /CNW/ - Uranium Energy Corp (NYSE American: UEC, th | |
| Resources: | (Resource, Inf.): 4.064Mt @ 0.088% pU3O8 for 7.093Mlbs pU3O8 contained at project | |
| CP/QP: | [Resources]: Clyde L. Yancey (Internal) | |
| ABSTRACT: | CORPUS CHRISTI, TX, Nov. 27, 2017 /CNW/ - Uranium Energy Corp (NYSE American: UEC, the "Company" or "UEC") is pleased to announce that the Company has completed an updated National Instrument 43-101 Standards of Disclosure for Mineral Properties ("NI 43-101") resource estimate for its Burke Hollow project (the "Project") in South Texas following completion of a recent 132-hole drill campaign. The updated report estimates an Inferred mineral resource of 7.09 million pounds of uranium ("U3O8") at a weighted average grade of 0.088% U3O8 contained within 4.06 million tons.*This resource update includes the data from 707 drill holes and demonstrates an increase of approximately 2 million pounds (+38%) of U3O8 over the previous Inferred mineral estimate. The mineral resource estimate was completed using methods mandated by NI 43-101 and Canadian Institute of Mining, Metallurgy and Petroleum standards utilizing a grade cutoff of 0.02% U3O8, and a grade times thickness product cut-off (GT) of 0.30. Details of the resource are set out in the table below.* Concurrent with the resource development and expansion, the Company continues to advance the permitting at Burke Hollow. As previously announced, the Company has secured its final mine permit and aquifer exemption approval and anticipates its Radioactive Materials License to be approved as well. | |
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