U3O8 Corp Discovers Uranium/Vanadium Mineralization in Argentina

Mining Weekly reported that Canadian uranium exploration firm U3O8 Corp announced the discovery of a brand new mineralized area with the highest grade uranium and vanadium found in Argentina’s Laguna Salada district. U3O8 Corp announced the discovery La Rosada, which highlighted the district-scale potential for “Laguna Salada-style uranium/vanadium mineralisation in near-surface, soft gravels in the semi-desert environment of central Chubut.”

According to Richard Spencer, CEO of U3O8 Corp:

This new discovery adds to our conviction that mineralisation in the Laguna Salada Deposit 1 and at La Rosada form part of a larger uranium district in which further exploration may lead to more discoveries and significant resource growth potential.

Mining Weekly reported the early findings from samples included:

Vertical channel samples through the gravel had a weighted average grade of 1 500 parts per million (ppm) uranium oxide (U₃O₈) and 780 ppm vanadium (V₂O₅) from a layer of gravel about 0.7 m thick, starting at an average depth of 0.3 m below the surface.

This average grade was from two areas of gravel, totalling 3.2 km² in extent, that were perched on Jurassic basement strata. The highest grade encountered in the gravel at La Rosada was 11 780 ppm (1.1%) U₃O₈ and 5 168 ppm (0.5%) V₂O₅ in a 0.4-m-thick horizontal layer.

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