Ur-Energy Completes Technical Report for Shirley Basin Project

Ur-Energy Inc. (TSX:URE,NYSEMKT:URG) announced that it has completed a technical report for its Wyoming-based Shirley Basin uranium project. It discloses an initial uranium resource estimate of 8,816,000 pounds U3O8 measured and indicated averaging 0.23-percent eU3O8.

As quoted in the press release:

This uranium resource analysis is based upon approximately 3,200 historic delineation drill holes (1.2 million feet of drilling) completed by PMC prior to its 1992 termination of mining operations in the Shirley Basin Mining District. The results of Ur‐Energy’s confirmation drilling program, completed in May 2014, are also included in the analysis. PMC’s historic drilling was focused on two resource areas that fall within the boundaries of the existing mining permit. These resource areas were identified as the FAB Trend and Area 5. As a result of the close‐spaced drilling in these resource areas (a 100‐ft grid of drill holes), 83% of the resources fall under the Measured Resource classification. Also because of the high drilling density at the site, there are no reported Inferred Resources. The average depth to the top of resources is 312 feet below the ground surface.

Click here to read the full Ur-Energy Inc. (TSX:URE,NYSEMKT:URG) press release.