Uranium

UEX Corporation (TSX:UEX) announced an approved 2012 exploration budget for the Shea Creek Project of $6 million.

UEX Corporation (TSX:UEX) announced an approved 2012 exploration budget for the Shea Creek Project of $6 million.

As quoted in the press release:

Shea Creek hosts the Kianna, Anne, Colette and 58B deposits, and is the most advanced of the ten 49%-owned Western Athabasca uranium projects joint-ventured with project operator, AREVA Resources Canada Inc. The Shea Creek deposits form part of a world-class uranium system in which mineralization has been defined over a strike length exceeding three kilometres along the Saskatoon Lake graphitic conductor in the northern part of the project. Most areas of mineralization continue to be open and have high potential for both expansion and discovery of new zones.

Click here to read the UEX Corporation (TSX:UEX) press release.

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