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Tigris Uranium (CVE:TU) announced the acquisition of the Treeline project in Cibola and McKinley counties, New Mexico, in addition to five uranium projects in Wyoming.
Tigris Uranium (TSXV:TU) announced the acquisition of the Treeline project in Cibola and McKinley counties, New Mexico, in addition to five uranium projects in Wyoming.
The press release is quoted as saying:
The Wyoming projects have the potential for in situ leach recovery (ISR) of uranium from either rollfront-type sandstone hosted deposits in the Eocene Wasatch Formation or the Paleocene Fort Union Formation.
The Treeline project consists of a mining lease and certain unpatented mining claims covering approximately 2,000 acres. In consideration for the assignment of the Treeline project, the Company will issue 200,000 common shares. The Assignment Agreement is subject to several conditions precedent, including regulatory approval.
Click here to access the entire news release.