U3O8 Reports the Start of Geophysical Test Work
U3O8 Corp. announced that they have commenced test work on the effectiveness of geophysics to detect channels at the base of the gravel layer at its Laguna salada deposit.
U3O8 Corp. (TSX:UWE) announced that they have commenced test work on the effectiveness of geophysics to detect channels at the base of the gravel layer at its Laguna salada deposit in Argentina.
As quoted in the press release:
The NI43-101 resource at Laguna Salada was based principally on a one-metre thick layer of uranium-vanadium bearing gravel that extends from surface to a maximum depth of only three metres. Exploration that was completed following the resource estimate, revealed a second layer in which uranium and vanadium are confined to channels at the base of the gravel. The second layer contains generally higher uranium-vanadium grades that may result in the estimated cash-cost of production being even lower than for the near-surface material on which the preliminary economic assessment (“PEA”) was based.
Trials are underway to determine the effectiveness of Electrical Resistivity to detect these buried channels. The test work is being done in an area within the Laguna Salada Deposit where drilling detected channels that contain higher-grade mineralization. The test work is expected to be completed in mid-February, and if successful, a more extensive geophysical program will be considered to provide specific targets for exploration by pitting with an excavator.
Click here to read the full U3O8 Corp. (TSX: UWE) press release.
