|
Property NewsFebruary 15, 2007 Drilling was completed. Thirty holes totalling approximately 19,500 feet (5,944 m) were drilled and logged. Uranium mineralization was encountered in a majority of the holes, but grades were lower than historical drilling indicated. The Company has terminated its lease agreement with the lessor, has restored the drill sites, and applied to the DEQ for the return of its restoration and plugging bond and therefore. June 29, 2006 Announced the Company is planning a drill program, scheduled to take place during the summer of 2006. The purpose of the drill program is to confirm historically drill-indicated grades and thicknesses, to conduct in-fill drilling, to confirm metallurgical amenability for the low-cost In-Situ Leach (ISL) extraction
technology, and to expand the known mineralized zones on the property. June 26, 2006 Announced that drilling has commenced with one drill rig mobilized, and it is anticipated that this first phase of drilling will be completed in early October. |
Research - Professional or Research - Advanced Subscriber Access Required
