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Uranium Energy Corp Reports Historical Resource of 1.5 M Pounds eU3O8
Jul. 19, 2010 08:47AM PST
Company NewsUranium Energy Corp reports it has received an independent NI 43-101 technical report for the Salvo project, Bee County, Texas with a historical mineral resource of 1,505,000 pounds of U3O8.
The historical resource estimate has been performed using industry-accepted standards for its time. Additional verification and validation is needed to bring the property to a current Canadian Institute of […]
Uranium Energy Corp reports it has received an independent NI 43-101 technical report for the Salvo project, Bee County, Texas with a historical mineral resource of 1,505,000 pounds of U3O8.
The historical resource estimate has been performed using industry-accepted standards for its time. Additional verification and validation is needed to bring the property to a current Canadian Institute of Mining (CIM) resource classification. The Company is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon.
Uranium Energy Corp.’s Clyde Yancey, VP of Exploration says:
“We are excited to drill this property, to confirm the resource and to bring it up to independently qualified reporting standards. Initial indications are that the resource here may expand substantially.”
For complete news release, click here.