Forsys Metals announced that a revised ore reserve estimate for the company’s wholly owned Valencia uranium deposit located in Namibia, Africa. Probable reserve increased by 68% to 51.4 Mlbs from 30.6 Mlbs, at 72 ppm U3O8. Average reserve grade increased by 33% to 159 ppm from 120 ppm. Life of mine increased to 15 years from 11 years.
Announced that a revised ore reserve estimate for the Valencia uranium deposit. Probable reserve increased by 68% to 51.4 Mlbs from 30.6 Mlbs, at 72 ppm U3O8. Average reserve grade increased by 33% to 159 ppm from 120 ppm. Life of mine increased to 15 years from 11 years.
January 29, 2009
Announced the completion of an independent mineral resource estimate update at the Valencia Uranium Deposit. The total Measured and Indicated mineral resource has been upgraded to 61 million lbs U3O8, using a cut-off grade of 60 ppm U3O8, as at January 2009.
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