Powertech reports mine permit application status

- August 12th, 2008

Powertech Uranium reports that its activities with its mine permit application for the Centennial Project, Weld County, Colorado, are progressing on schedule. Two of the drill holes are to be completed as monitor wells. The remaining four drill holes are to identify an area for the proposed plant site through the drilling of condemnation holes ensuring that the … Continued

Powertech Uranium reports that its activities with its mine permit application for the Centennial Project, Weld County, Colorado, are progressing on schedule.

Two of the drill holes are to be completed as monitor wells. The remaining four drill holes are to identify an area for the proposed plant site through the drilling of condemnation holes ensuring that the processing facility will not be built over potential ore. This new technical information will be incorporated, along with previously collected data, in the permit applications. Drilling is expected to begin upon approval of the NOI and placement of the surety.

R Squared, Inc, contractor for mine permit application activities, George M. L. Robinson states:

“I am pleased with the team’s success in staying on schedule as we transition into the permit drafting phase of the project. The work to date clearly indicates that in situ mining is definitely appropriate for the area.”

For full details of this press release, click this link. To view Powertech’s company profile, click here. Follow developments in uranium mining and exploration for free. Sign on to the Uranium Investing Newsletter.

 

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