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Bayswater Uranium Corp. (TSXV:BYU,OTC Pink:BYSWF) reported that AUC LLC (“AUC”), an affiliate that holds the Reno Creek properties and operator of the Reno Creek uranium project, has completed an additional 171 holes of its 350 hole delineation drilling program at the Reno Creek , Campbell County, Wyoming.
Bayswater Uranium Corp. (TSXV:BYU,OTC Pink:BYSWF) reported that AUC LLC (“AUC”), an affiliate that holds the Reno Creek properties and operator of the Reno Creek uranium project, has completed an additional 171 holes of its 350 hole delineation drilling program at the Reno Creek , Campbell County, Wyoming.
As quoted in the press release:
In addition, AUC has now determined that baseline environmental work has progressed sufficiently so that permit applications may be submitted early in the 1st quarter of 2012 to the National Regulatory Commission (“NRC”) for a Source Materials License and to the Wyoming Department of Environmental Quality (“WDEQ”) for a Permit to Mine uranium at the Reno Creek site.
Highlights of the 171 hole drilling program in the Southwest Reno Creek portion of the Reno Creek deposit are as follows:* Drilling confirmed historical mineralization, both in extent and grade, over all portions of SW Reno Creek drilled to date.
* Delineation and step-out holes identified additional mineralization beyond known resources in the SW Reno Creek area, which has not yet been added to the resource base for the project.
* Drilling defined significant uranium intercepts utilizing cutoff grades of greater than or equal to 0.03% eU3O8 and grade-thickness values of greater than or equal to 0.30. Drill holes intercepts that either meet or exceed the cutoff, as stated, are summarized in the table below.
* The best hole intersected 19.0 feet grading 0.409% eU3O8 for a grade/thickness (“GT”) interval of 7.8.
Click here to read Bayswater Uranium (TSXV:BYU,OTC Pink:BYSWF) press release.
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