U3O8 Reports Uranium-Vanadium Grades from Unconsolidated Gravel and Sand at La Rosada

U3O8 (TSX:UWE) has announced uranium and vanadium assays from trenching of soft gravel and sand in the la Rosada area, which is considered an extension f the Laguna Salada Deposit.
Dr. Richard Spencer, CEO of U3O8, said:

Last week we reported that our focus on exploration for higher-grade extensions to the Laguna Salada Deposit had led to the discovery of uranium and vanadium in a layer adjacent to, and beneath, gravel in the La Rosada area. That was an unexpected bonus because our target was uranium and vanadium in the gravel itself, which is an extension of the layer that contains the Laguna Salada Deposit 50 kilometres to the south. Assay results from the gravel at La Rosada, reported in today’s release, have grades similar to the very highest-grade material in the Laguna Salada resource. In addition, the assay results show that uranium in La Rosada gravels can be efficiently concentrated into the fine-grained component of the gravel with the removal of pebbles and coarse sand by screening. The higher grade, as well as the efficiency of concentration of uranium from La Rosada gravels, has the potential to lower estimated production costs for the Laguna Salada Deposit.

As quoted in the press release:

Gravel at La Rosada and Laguna Salada have similar general characteristics. At Laguna Salada, however, the gravel forms a tabular sheet deposited in an outwash plain while at La Rosada, gravel occupies northeast- to east-trending channels that are about 150 metres wide, and the one that has been most extensively explored is at least 2 kilometres long (Figure 1). Similar northeast- to east-orientated trends of radiation measured in radon cups in the area south of La Rosada may be indicative of similar mineralized channels in that area. The channel-constrained distribution of gravel is a feature that La Rosada has in common with the Langer Heinrich Deposit in Namibia.

Click here to read the full press release.