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Uranium Energy Corp.
Summary
| Project: | Burke Hollow | |
|---|---|---|
| Deposit: | Burke Hollow | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 11/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-11-2019: Uranium Energy Corp. announces an Exploration/Drilling Update report for its Burke Hollow deposit at the Burke Hollow project. Results of 2019 drilling campaign at Burke Hollow. CORPUS CHRISTI, TX, Nov. 5, 2019 /CNW/ - Uranium Energy Corp (NYSE | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Clyde L. Yancey (Internal) | |
| ABSTRACT: | CORPUS CHRISTI, TX, Nov. 5, 2019 /CNW/ - Uranium Energy Corp (NYSE American: UEC, the "Company" or "UEC") is pleased to announce that the Company recently concluded a drilling campaign designed to further advance its Burke Hollow in-situ recovery ("ISR") uranium project towards uranium extraction. During the campaign, additional required monitoring wells were installed for Production Area Authorization 1 ("PAA-1"). Fifty-seven exploration and delineation test holes were drilled in the campaign. Discovery of additional mineralization resulted in the expansion of the production area into significant extensions of previously identified trends, as well as the discovery of a new trend. Andrew Kurrus, the Company's VP of Resource Development stated, "We are pleased with our recently completed 2019 drilling and monitor well installation campaign at Burke Hollow. Exploration and delineation drilling have resulted in the discovery of additional mineralization that will create a larger PAA-1 production zone. With each drilling campaign, the project continues to exhibit positive results". UEC's 2019 Burke Hollow Project drilling campaign began on Monday, March 11 th, with two contract drilling rigs, related support equipment and field crews. The initial objectives of the campaign were to install all classes of monitoring wells required for PAA-1, including exterior monitor wells, all required 1 st overlying and 2 nd overlying monitors, and baseline monitoring wells. | |
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