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URZ Energy (TSX VENTURE: URZ) (“URZ” or the “Company”) is pleased to announce that the Company is initiating a technical and historic review of its wholly-owned Shirley Basin uranium project in Carbon County, Wyoming. The project consists of 3,290 acres, including 126 mining claims and 2 state mineral leases. The project claims sit proximal to both …
URZ Energy (TSX VENTURE: URZ) (“URZ” or the “Company”) is pleased to announce that the Company is initiating a technical and historic review of its wholly-owned Shirley Basin uranium project in Carbon County, Wyoming.
The project consists of 3,290 acres, including 126 mining claims and 2 state mineral leases. The project claims sit proximal to both Ur-Energy Inc. and Cameco Corporation’s respective Shirley Basin projects, both of which contain previously published NI 43-101 uranium resources.
CEO Glenn Catchpole said:
“Considerable historic work has been undertaken by previous owners of our Shirley Basin project. Though no 43-101 compliant resource exists on our ground at this time, we are commencing a review of past activity to determine our next steps with regards to exploration and resource development on the project.
We are encouraged by our knowledge of the sandstone-hosted roll front mineralization in the area and by the long history of uranium production in the Shirley Basin, which included the first successful commercial application of uranium in-situ leach mining in the United States.”