2007 Winter Sonic Drilling Program Extends Uranium Mineralization to the East New N.I. 43-101 Compliant Resource Estimate Underway
UEX Corporation ("UEX") is pleased to announce the results from 113 holes totaling 3,386 metres completed during the 2007 winter sonic drilling program on the West Bear Uranium Deposit ("West Bear"), located within UEX's 100%-owned Hidden Bay Project in the eastern Athabasca Basin area of northern Saskatchewan, Canada. The results include an intersection in hole UEX-206 grading 6.03% U3O8 over 10.67 metres, including 25.22% U3O8 over 1.76 metres, representing the best intercept to date in the deposit, where mineralization occurs at a vertical depth of between 10 and 31 metres from surface. This intercept is located in the core area of the deposit where infill drilling was carried out to better define and confirm continuity of uranium grades.
The main objectives of the 2007 winter sonic drilling program were to test the eastern deposit area for uranium mineralization and better define the deposit geometry and uranium grades in the high-grade core of the main deposit area. The 2007 winter sonic drilling program, when integrated with previously-reported holes from 2005, has now defined the West Bear Deposit over a strike length of 500 metres on drill fences spaced 25 metres apart with holes spaced at 5 metre intervals. In the high-grade core area of the deposit, between Lines 17+50E and 18+50E, holes spaced at 5 metre intervals have now been drilled on fences spaced at 12.5 metre intervals. UEX is extremely encouraged by the number of 2007 sonic drill holes that have extended the uranium mineralization to the east by 150 metres and confirmed the continuity of uranium grades in the high-grade core of the main deposit area.
The National Instrument 43-101 ("N.I. 43-101") compliant indicated resource estimate prepared by Cameco Corporation ("Cameco"), which was based on UEX's 2005 sonic drilling program, outlined an indicated resource of 45,600 tonnes, grading 1.385% U3O8 and totaling 1.391 million pounds U3O8 at West Bear. The West Bear resource estimate technical report dated March 2, 2006 is available for review at www.sedar.com
A new N.I. 43-101 compliant resource estimate, incorporating the results from the 2007 winter sonic drilling program, is presently being calculated by Golder Associates Ltd. ("Golder") of Saskatoon, SK. and should be delivered to UEX by September 2007. (Note: Due to the dramatic increase in the spot price of uranium since Cameco's 2005 resource calculation, Golder will use a lower cut-off grade of 0.05% U3O8 in its new compliant resource estimate for West Bear compared to the 0.15% U3O8 cut-off grade used by Cameco.)
"We are pleased with the results of the winter drilling program at West Bear," said Stephen Sorensen, President and CEO of UEX. Sorensen went on to say, "we expect the resource at West Bear should increase because of the several new high-grade intercepts encountered within the main deposit area, combined with the extension of new mineralization to the east, and the use of a lower cut-off grade by Golder in the final resource calculation."
2007 Winter Sonic Drilling Program
The 2005 West Bear resource estimate report by Cameco notes that only two-thirds of the strike length of the mineralized area included as part of a historical resource outlined by Gulf Minerals ("Gulf") was tested during the 2005 sonic drilling program. A number of historical Gulf holes indicate that uranium mineralization likely extends to the east up to 150 metres beyond the current boundaries of the deposit.
One of the goals of the 2007 winter sonic drilling program was to test the eastern deposit area for uranium mineralization not previously drilled. The 2007 program extended the uranium mineralization 150 metres east of the boundary outlined during the 2005 sonic drilling program. This new uranium mineralization forms a narrow continuous lens straddling the unconformity in the northern section of the eastern deposit area. This mineralization contains uranium values of up to 0.360% U3O8 over 2.0 metres in hole UEX-116 (see accompanying Section 2075E on UEX's website) and 0.670% U3O8 over 3.05 metres in hole UEX-120 (see accompanying Section 2025E on UEX's website). To view maps from the 2007 winter exploration program at West Bear, please access UEX's website at www.uex-corporation.com under "Latest Updates".
A small secondary lens of uranium mineralization not previously identified by Gulf Minerals was also discovered in the southern section of the eastern deposit area. This southern lens of mineralization extends over a strike length of over 75 metres and contains uranium values of up 0.421% U3O8 over 2.55 metres in hole UEX-172 (see accompanying Section 2025E on UEX's website).
The results of holes UEX-102 to UEX-184 drilled within the eastern deposit area are presented below in Tables 1, 2 and 3. Significant results from these holes include the following mineralized intersections, which occur between 10 and 31 metres depth:
- 0.157% U3O8 over 0.70 metres in hole UEX-102 (section 2050E)
- 0.134% U3O8 over 1.39 metres in hole UEX-103 (section 2050E)
- 0.720% U3O8 over 0.76 metres in hole UEX-107 (section 2050E)
- 0.135% U3O8 over 1.50 metres in hole UEX-108 (section 2050E)
- 0.150% U3O8 over 0.50 metres in hole UEX-109 (section 2050E)
- 0.105% U3O8 over 1.26 metres in hole UEX-111 (section 2050E)
- 0.195% U3O8 over 0.50 metres in hole UEX-112 (section 2075E)
- 0.107% U3O8 over 0.50 metres in hole UEX-113 (section 2075E)
- 0.206% U3O8 over 0.69 metres in hole UEX-114 (section 2075E)
- 0.503% U3O8 over 1.00 metres in hole UEX-115 (section 2075E)
- 0.360% U3O8 over 2.00 metres in hole UEX-116 (section 2075E)
- 0.670% U3O8 over 3.05 metres in hole UEX-120 (section 2025E)
- 0.166% U3O8 over 0.50 metres in hole UEX-120 (section 2025E)
- 0.173% U3O8 over 0.60 metres in hole UEX-121 (section 2025E)
- 0.139% U3O8 over 0.66 metres in hole UEX-132 (section 2075E)
- 0.144% U3O8 over 0.60 metres in hole UEX-135 (section 2050E)
- 0.389% U3O8 over 0.60 metres in hole UEX-148 (section 2000E)
- 0.295% U3O8 over 1.34 metres in hole UEX-148 (section 2000E)
- 0.126% U3O8 over 2.40 metres in hole UEX-157 (section 1975E)
- 0.139% U3O8 over 0.85 metres in hole UEX-162 (section 1950E)
- 0.173% U3O8 over 0.50 metres in hole UEX-163 (section 1950E)
- 0.329% U3O8 over 1.04 metres in hole UEX-164 (section 1950E)
- 0.421% U3O8 over 2.55 metres in hole UEX-172 (section 2025E)
including 1.146% U3O8 over 0.86 metres
- 0.329% U3O8 over 0.91 metres in hole UEX-176 (section 2000E)
- 0.283% U3O8 over 0.50 metres in hole UEX-181 (section 2000E)
In addition, infill drilling on two sections (1762.5E and 1787.5E) was carried out in the high-grade core of the main deposit area between sections 1750E, 1775E and 1800E drilled by Cameco in 2005 in order to better define the ore body geometry and uranium grades in this main deposit area. Uranium grades in this high-grade core area were increased, with up to 6.032% U3O8 over 10.67 metres in hole UEX-206 (see accompanying Section 1762.5E on UEX's website) and 2.341% U3O8 over 7.08 metres in hole UEX-197 (see accompanying Section 1787.5E on UEX's website). Some of the most significant intercepts, which occur between 10 and 31 metres depth, include the following:
- 2.341% U3O8 over 7.08 metres in hole UEX-197 (section 1787.5E)
including 6.073% U3O8 over 2.57 metres
- 0.219% U3O8 over 2.19 metres in hole UEX-197 (section 1787.5E)
- 1.275% U3O8 over 9.20 metres in hole UEX-198 (section 1787.5E)
including 2.851% U3O8 over 2.52 metres
- 1.185% U3O8 over 10.15 metres in hole UEX-199 (section 1787.5E)
including 2.687% U3O8 over 2.81 metres
- 0.842% U3O8 over 8.80 metres in hole UEX-200 (section 1787.5E)
including 1.242% U3O8 over 5.15 metres
- 0.119% U3O8 over 2.95 metres in hole UEX-201 (section 1787.5E)
- 0.786% U3O8 over 7.49 metres in hole UEX-205 (section 1762.5E)
including 1.697% U3O8 over 2.93 metres
- 6.032% U3O8 over 10.67 metres in hole UEX-206 (section 1762.5E)
including 18.288% U3O8 over 2.70 metres
including 25.221% U3O8 over 1.76 metres
- 4.040% U3O8 over 11.41 metres in hole UEX-207 (section 1762.5E)
including 5.969% U3O8 over 7.60 metres
- 1.254% U3O8 over 11.38 metres in hole UEX-208 (section 1762.5E)
including 1.648% U3O8 over 7.96 metres
- 0.534% U3O8 over 4.80 metres in hole UEX-209 (section 1762.5E)
including 1.163% U3O8 over 1.00 metres
- 0.348% U3O8 over 2.14 metres in hole UEX-210 (section 1762.5E)
- 0.186% U3O8 over 3.38 metres in hole UEX-211 (section 1762.5E)
including 0.449% U3O8 over 0.73 metres
Full results are shown in Table 1 below. Only intervals with grades greater than 0.05% U3O8 and a grade-thickness product of greater than 0.05 are listed in Table 1.
2007 West Bear Resource Estimate Report and Metallurgical Testing
Golder has been engaged to calculate a new N.I. 43-101 compliant resource estimate for West Bear by incorporating the drilling results from 2007. Golder's resource estimate is expected to be delivered to UEX by September 2007.
Melis Engineering Ltd. of Saskatoon, SK is currently overseeing a confirmation metallurgical testing program using representative composites derived from fresh drill core samples collected from the 2007 sonic drilling program. The composites are currently being processed at SGS Lakefield Research Ltd. of Lakefield, ON to confirm leach and effluent treatment conditions on fresh samples of core.
West Bear Environmental Baseline and Feasibility Studies
Golder is carrying out an environmental baseline study ("EBS") and a feasibility study for West Bear. The EBS has been underway at West Bear since August 2005 and Golder continues to collect biological, hydrogeological and other environmental data. Further baseline studies are scheduled for 2007 following the input of more detailed information on the project design generated from the West Bear feasibility study.
UEX looks forward to the completion of the feasibility study, which is expected to be delivered in March 2008, following Golder's integration of the results from UEX's 2007 sonic drilling program. The feasibility study will examine the most efficient methods and procedures for extracting the defined uranium resource, including the most appropriate road access and support infrastructure, mining methods and operating plans. Golder is currently carrying out mine, open pit slope, and waste dump design work. As the feasibility study progresses, Golder will supervise the tendering of contracts for all aspects of a potential mining operation, and will perform cash flow analyses and projections in order to determine net present values and internal rates of return for West Bear at various uranium price levels.
Golder and UEX have created a Strategic Planning Group, consisting of key representatives from both companies, in order to commence the permitting process for West Bear in the Third Quarter of 2007. Following receipt of the final EBS report from Golder, UEX plans to initiate the environmental assessment ("EA") process with the appropriate government agencies on both provincial and federal levels. The first step in the provincial EA process is to provide a Project Proposal to the Saskatchewan EA Branch that details the project description (e.g., mine plan, mining method, water and waste management), current environmental conditions, proposed measures to mitigate environmental issues, and residual effects from the project. After review of this document, the EA Branch will decide if the project meets the definition of a "development", in which case, an Environmental Impact Statement ("EIS") will be required and various provincial and federal responsible authorities will be identified to take part in the review of the EIS. The Strategic Planning Group will also initiate the community and public consultation process in 2007.
About West Bear
West Bear uranium mineralization occurs at a vertical depth of between 10 and 31 metres (or approximately 33 to 100 feet) from surface and is one of the shallowest, undeveloped uranium deposits in the prolific Athabasca Basin. Combined with the relatively soft nature of the host rocks and overburden, UEX believes that the deposit could be mined using low cost, open pit techniques within a very short timeframe. The deposit is located close to two existing uranium mills, Cameco Corporation's Rabbit Lake Mill and the McClean Lake Mill, operated by AREVA Resources Canada Inc. ("AREVA"). UEX believes that at current uranium prices, the West Bear Deposit could become a viable source of future cash flow.
Sample Handling and Quality Assurance
Geochemical samples are selected with the aid of hand-held scintillometer to identify areas of above-background radioactivity. Samples are split, with half remaining in the core box, and the remainder shipped to Saskatchewan Research Council ("SRC") Geoanalytical Laboratories where they are crushed and ground to minus 106 microns. The pulp is digested in aqua regia leach and analyzed by ICP for uranium and other elements. Check samples have been submitted to SRC's Analytical Laboratory (a separate facility) for uranium analysis using the delayed neutron activation technique to confirm the accuracy of the original analysis. In addition to the geochemical analyses, down-hole probe radiometric results, obtained for all sonic drill holes on completion of drilling, provide an independent check of the geochemical data. Probe results can be used for uranium grade calculations where poor ground conditions occur and core recoveries are low, although the sonic drilling method at West Bear produced core recoveries at, or close to, 100%.
The core lengths of the individual mineralized intersections are believed to be indicative of the true thicknesses of the mineralized zones, as the deposit is flat lying, and in the shape of a ribbon. All sonic drill holes were drilled at -90° (vertical).
The information in this document has been compiled and reviewed by Sierd Eriks, P. Geo., a qualified person as defined by National Instrument 43-101.
About UEX
UEX is a Canadian uranium exploration and development company formed under an agreement between Pioneer Metals Corporation and Cameco. Cameco, the world's largest supplier of uranium, is UEX's largest shareholder. UEX began trading on the Toronto Stock Exchange in July 2002 and is actively involved in 19 uranium projects, including seven that are 100% owned and operated by UEX, one joint venture with AREVA that is operated by UEX, ten under option from AREVA and one under option from Japan-Canada Uranium Company, Limited, which are operated by AREVA. The 19 projects, totaling 386,650 hectares (955,400 acres), are located in the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium belt, which accounts for approximately 30% of the global primary uranium production. UEX is currently developing several uranium deposits in the Athabasca Basin which include the Anne and Kianna Deposits at its Shea Creek Uranium Project, a joint venture with AREVA in the Western Athabasca Basin, and the West Bear, Raven and Horseshoe deposits located at its 100% owned Hidden Bay Project in the eastern Athabasca Basin. UEX's exploration and development budgets for 2007 total $28.0 million, and the Company has a cash position of approximately $67.0 million.
ON BEHALF OF THE BOARD OF DIRECTORS OF UEX CORPORATION
Stephen H. Sorensen,
President & C.E.O.
Forward-Looking Statements
This news release contains "forward-looking statements" that are based on UEX's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding UEX's outlook for our future operations, plans and timing for the commencement or advancement of exploration activities on our properties, and other expectations, intention and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Many of these factors are beyond the control of UEX. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Table 1.
West Bear Deposit - 2007 Winter Sonic Drilling Program
Mineralized Intersections from Drill Holes UEX-102 to UEX-214
Only intervals with composite grades greater than 0.05% U3O8 and a grade-thickness product greater than 0.05 are listed below. All analyses were performed by SRC by ICP.
Hole |
West Bear Grid Coordinates |
Hole Length (m) |
From (m) |
To (m) |
Length (m) |
U3O8 (wt%) |
Grade-Thickness Product (m%U3O8) |
Easting |
Northing |
Elevation |
UEX-102 |
2050.0 |
1495.0 |
410.5 |
35.05 |
19.10 |
19.80 |
0.70 |
0.157 |
0.110 |
UEX-103 |
2050.0 |
1490.0 |
410.5 |
32.00 |
19.81 |
21.20 |
1.39 |
0.134 |
0.186 |
UEX-104 |
2050.0 |
1485.0 |
410.5 |
32.00 |
22.04 |
22.86 |
0.82 |
0.066 |
0.054 |
UEX-105 |
2050.0 |
1480.0 |
410.5 |
32.00 |
22.86 |
24.38 |
1.52 |
0.054 |
0.083 |
UEX-106 |
2050.0 |
1475.0 |
410.5 |
32.00 |
21.83 |
23.86 |
2.03 |
0.049 |
0.099 |
|
|
|
|
including |
21.83 |
22.86 |
1.03 |
0.058 |
0.060 |
UEX-107 |
2050.0 |
1470.0 |
410.5 |
35.05 |
22.10 |
22.86 |
0.76 |
0.720 |
0.547 |
UEX-108 |
2050.0 |
1465.0 |
410.5 |
32.00 |
21.51 |
23.01 |
1.50 |
0.135 |
0.202 |
UEX-109 |
2050.0 |
1460.0 |
410.6 |
33.53 |
24.38 |
24.88 |
0.50 |
0.150 |
0.075 |
UEX-111 |
2050.0 |
1450.0 |
410.6 |
28.96 |
22.86 |
24.12 |
1.26 |
0.105 |
0.132 |
UEX-112 |
2075.0 |
1505.0 |
410.5 |
32.00 |
25.38 |
25.88 |
0.50 |
0.195 |
0.097 |
UEX-113 |
2075.0 |
1500.0 |
410.5 |
30.48 |
16.67 |
18.17 |
1.50 |
0.074 |
0.111 |
|
|
|
|
|
19.67 |
20.17 |
0.50 |
0.107 |
0.054 |
UEX-114 |
2075.0 |
1495.0 |
410.5 |
32.00 |
19.81 |
20.50 |
0.69 |
0.206 |
0.142 |
UEX-115 |
2075.0 |
1490.0 |
410.5 |
33.53 |
19.81 |
20.81 |
1.00 |
0.503 |
0.503 |
UEX-116 |
2075.0 |
1485.0 |
410.5 |
32.00 |
23.25 |
25.25 |
2.00 |
0.360 |
0.720 |
UEX-120 |
2025.0 |
1495.0 |
410.6 |
32.00 |
16.76 |
19.81 |
3.05 |
0.670 |
2.043 |
|
|
|
|
|
24.36 |
24.86 |
0.50 |
0.166 |
0.083 |
UEX-121 |
2025.0 |
1490.0 |
410.6 |
32.00 |
24.95 |
25.55 |
0.60 |
0.173 |
0.104 |
UEX-129 |
2100.0 |
1505.0 |
410.4 |
35.05 |
24.38 |
25.95 |
1.57 |
0.078 |
0.123 |
UEX-132 |
2075.0 |
1510.0 |
410.6 |
28.96 |
22.20 |
22.86 |
0.66 |
0.139 |
0.092 |
|
|
|
|
|
23.27 |
24.17 |
0.90 |
0.083 |
0.075 |
UEX-135 |
2050.0 |
1500.0 |
410.5 |
28.96 |
18.02 |
18.65 |
0.63 |
0.062 |
0.039 |
|
|
|
|
|
19.95 |
20.55 |
0.60 |
0.144 |
0.086 |
UEX-137 |
2050.0 |
1510.0 |
410.4 |
32.00 |
19.81 |
20.40 |
0.59 |
0.097 |
0.057 |
|
|
|
|
|
22.86 |
24.35 |
1.49 |
0.081 |
0.121 |
UEX-148 |
2000.0 |
1495.0 |
410.6 |
28.96 |
16.76 |
17.36 |
0.60 |
0.389 |
0.233 |
|
|
|
|
|
17.86 |
19.20 |
1.34 |
0.295 |
0.396 |
UEX-153 |
1975.0 |
1485.0 |
410.6 |
28.96 |
20.19 |
20.59 |
0.40 |
0.066 |
0.026 |
|
|
|
|
|
21.34 |
22.34 |
1.00 |
0.070 |
0.070 |
UEX-157 |
1975.0 |
1505.0 |
410.6 |
35.05 |
23.25 |
25.65 |
2.40 |
0.126 |
0.303 |
UEX-162 |
1950.0 |
1490.0 |
410.6 |
28.96 |
21.34 |
22.19 |
0.85 |
0.139 |
0.118 |
UEX-163 |
1950.0 |
1485.0 |
410.6 |
28.96 |
23.50 |
24.00 |
0.50 |
0.173 |
0.087 |
UEX-164 |
1950.0 |
1480.0 |
410.6 |
28.96 |
21.82 |
22.86 |
1.04 |
0.329 |
0.342 |
UEX-172 |
2025.0 |
1460.0 |
410.6 |
30.48 |
20.31 |
22.86 |
2.55 |
0.421 |
1.073 |
|
|
|
|
including |
20.31 |
21.15 |
0.84 |
0.063 |
0.053 |
|
|
|
|
including |
22.00 |
22.86 |
0.86 |
1.146 |
0.985 |
UEX-176 |
2000.0 |
1440.0 |
410.7 |
33.53 |
28.05 |
28.96 |
0.91 |
0.329 |
0.300 |
UEX-181 |
2000.0 |
1465.0 |
410.6 |
32.00 |
24.10 |
24.60 |
0.50 |
0.283 |
0.141 |
UEX-187 |
1900.0 |
1495.0 |
410.7 |
30.48 |
17.60 |
26.05 |
8.45 |
0.090 |
0.757 |
|
|
|
|
including |
17.60 |
21.86 |
4.26 |
0.079 |
0.337 |
|
|
|
|
including |
22.86 |
23.80 |
0.94 |
0.093 |
0.087 |
|
|
|
|
including |
24.90 |
26.05 |
1.15 |
0.236 |
0.272 |
UEX-197 |
1787.5 |
1515.0 |
411.3 |
32.00 |
17.80 |
24.88 |
7.08 |
2.341 |
16.571 |
|
|
|
|
including |
18.29 |
20.86 |
2.57 |
6.073 |
15.609 |
|
|
|
|
|
28.96 |
31.15 |
2.19 |
0.219 |
0.480 |
UEX-198 |
1787.5 |
1510.0 |
411.4 |
30.48 |
13.25 |
22.45 |
9.20 |
1.275 |
11.734 |
|
|
|
|
including |
16.76 |
19.28 |
2.52 |
2.851 |
7.185 |
UEX-199 |
1787.5 |
1505.0 |
411.4 |
30.48 |
12.45 |
22.60 |
10.15 |
1.185 |
12.031 |
|
|
|
|
including |
17.50 |
20.31 |
2.81 |
2.688 |
7.553 |
UEX-200 |
1787.5 |
1500.0 |
411.5 |
30.48 |
14.00 |
22.80 |
8.80 |
0.842 |
7.409 |
|
|
|
|
including |
15.45 |
20.60 |
5.150 |
1.242 |
6.396 |
UEX-201 |
1787.5 |
1495.0 |
411.9 |
25.91 |
20.00 |
22.95 |
2.95 |
0.119 |
0.351 |
UEX-202 |
1787.5 |
1490.0 |
412.0 |
25.91 |
18.61 |
23.50 |
4.890 |
0.059 |
0.290 |
UEX-205 |
1762.5 |
1510.0 |
411.7 |
30.48 |
18.29 |
25.78 |
7.49 |
0.786 |
5.889 |
|
|
|
|
including |
21.07 |
24.00 |
2.93 |
1.697 |
4.971 |
UEX-206 |
1762.5 |
1505.0 |
411.6 |
33.53 |
16.76 |
27.43 |
10.67 |
6.032 |
64.365 |
|
|
|
|
Including |
21.10 |
23.80 |
2.70 |
18.288 |
49.378 |
|
|
|
|
including |
21.10 |
22.86 |
1.76 |
25.221 |
44.389 |
UEX-207 |
1762.5 |
1500.0 |
411.6 |
30.48 |
14.50 |
25.91 |
11.41 |
4.040 |
46.097 |
|
|
|
|
including |
16.40 |
24.00 |
7.60 |
5.969 |
45.361 |
|
|
|
|
|
29.50 |
30.48 |
0.98 |
0.366 |
0.359 |
UEX-208 |
1762.5 |
1495.0 |
411.6 |
32.00 |
10.67 |
12.00 |
1.33 |
0.323 |
0.430 |
|
|
|
|
|
13.72 |
25.10 |
11.38 |
1.254 |
14.269 |
|
|
|
|
including |
14.90 |
22.86 |
7.960 |
1.648 |
13.115 |
UEX-209 |
1762.5 |
1490.0 |
411.5 |
28.96 |
17.65 |
22.45 |
4.80 |
0.534 |
2.563 |
|
|
|
|
including |
20.95 |
21.95 |
1.000 |
1.163 |
1.162 |
UEX-210 |
1762.5 |
1485.0 |
411.5 |
28.96 |
22.86 |
25.00 |
2.14 |
0.348 |
0.746 |
UEX-211 |
1762.5 |
1480.0 |
411.5 |
27.43 |
22.53 |
25.91 |
3.380 |
0.186 |
0.628 |
|
|
|
|
including |
25.18 |
25.91 |
0.73 |
0.449 |
0.328 |
UEX-214 |
2125.0 |
1510.0 |
410.3 |
32.00 |
20.30 |
20.80 |
0.50 |
0.130 |
0.065 |
Table 2.
West Bear Deposit - 2007 Winter Sonic Drilling Program
Mineralized Intersections from Drill Holes UEX-102 to UEX-214
Only intervals with composite grades lower than 0.05% U3O8 and a grade-thickness product
lower than 0.05 are listed below. All analyses were performed by SRC by ICP.
Hole |
West Bear Grid Coordinates |
Hole Length (m) |
From (m) |
To (m) |
Length (m) |
U3O8 (wt%) |
Grade-Thickness Product (m%U3O8) |
Easting |
Northing |
Elevation |
UEX-118 |
2075.0 |
1475.0 |
410.6 |
35.05 |
30.11 |
30.48 |
0.37 |
0.076 |
0.028 |
UEX-128 |
2100.0 |
1510.0 |
410.5 |
35.05 |
23.86 |
24.38 |
0.52 |
0.077 |
0.040 |
|
|
|
|
|
24.93 |
25.03 |
0.10 |
0.090 |
0.009 |
UEX-136 |
2050.0 |
1505.0 |
410.5 |
36.58 |
22.90 |
23.10 |
0.20 |
0.237 |
0.047 |
|
|
|
|
|
27.60 |
28.10 |
0.50 |
0.056 |
0.028 |
UEX-147 |
2000.0 |
1500.0 |
410.6 |
28.96 |
16.76 |
17.29 |
0.53 |
0.061 |
0.032 |
UEX-149 |
2000.0 |
1490.0 |
410.6 |
27.43 |
19.47 |
19.81 |
0.34 |
0.053 |
0.018 |
UEX-160 |
1950.0 |
1500.0 |
410.7 |
28.96 |
23.94 |
24.44 |
0.50 |
0.066 |
0.033 |
UEX-166 |
1950.0 |
1470.0 |
410.6 |
28.96 |
23.63 |
24.00 |
0.37 |
0.087 |
0.032 |
Table 3.
West Bear Deposit - 2007 Winter Sonic Drilling Program
Unmineralized Holes from Drill Holes UEX-102 to UEX-214
Hole |
West Bear Grid Coordinates |
Hole Length (m) |
Easting |
Northing |
Elevation |
UEX-110 |
2050.0 |
1455.0 |
410.6 |
30.48 |
UEX-117 |
2075.0 |
1480.0 |
410.5 |
32.00 |
UEX-119 |
2075.0 |
1470.0 |
410.6 |
32.00 |
UEX-122 |
2025.0 |
1485.0 |
410.5 |
32.00 |
UEX-123 |
2025.0 |
1480.0 |
410.6 |
32.00 |
UEX-124 |
2025.0 |
1475.0 |
410.5 |
32.00 |
UEX-125 |
2100.0 |
1525.0 |
410.5 |
35.05 |
UEX-126 |
2100.0 |
1520.0 |
410.5 |
35.05 |
UEX-127 |
2100.0 |
1515.0 |
410.5 |
32.00 |
UEX-130 |
2100.0 |
1500.0 |
410.6 |
28.96 |
UEX-131 |
2100.0 |
1495.0 |
410.6 |
28.96 |
UEX-133 |
2075.0 |
1515.0 |
410.5 |
28.96 |
UEX-134 |
2075.0 |
1520.0 |
410.5 |
28.96 |
UEX-138 |
2050.0 |
1515.0 |
410.5 |
28.96 |
UEX-139 |
2050.0 |
1520.0 |
410.5 |
28.96 |
UEX-140 |
2025.0 |
1500.0 |
410.5 |
28.96 |
UEX-141 |
2025.0 |
1505.0 |
410.5 |
28.96 |
UEX-142 |
2025.0 |
1510.0 |
410.6 |
28.96 |
UEX-143 |
2025.0 |
1515.0 |
410.6 |
28.96 |
UEX-144 |
2000.0 |
1515.0 |
410.5 |
28.96 |
UEX-145 |
2000.0 |
1510.0 |
410.5 |
28.96 |
UEX-146 |
2000.0 |
1505.0 |
410.5 |
28.96 |
UEX-150 |
2000.0 |
1485.0 |
410.6 |
25.91 |
UEX-151 |
2000.0 |
1480.0 |
410.6 |
27.43 |
UEX-152 |
1975.0 |
1480.0 |
410.6 |
27.43 |
UEX-154 |
1975.0 |
1490.0 |
410.6 |
25.91 |
UEX-155 |
1975.0 |
1495.0 |
410.6 |
25.91 |
UEX-156 |
1975.0 |
1500.0 |
410.6 |
28.96 |
UEX-158 |
1975.0 |
1510.0 |
410.6 |
28.96 |
UEX-159 |
1975.0 |
1515.0 |
410.5 |
25.91 |
UEX-161 |
1950.0 |
1495.0 |
410.6 |
25.91 |
UEX-165 |
1950.0 |
1475.0 |
410.6 |
28.96 |
UEX-167 |
1950.0 |
1465.0 |
410.6 |
28.96 |
UEX-168 |
1950.0 |
1460.0 |
410.6 |
25.91 |
UEX-169 |
2050.0 |
1445.0 |
410.7 |
30.48 |
UEX-170 |
2050.0 |
1440.0 |
410.6 |
28.96 |
UEX-171 |
2025.0 |
1455.0 |
410.6 |
28.96 |
UEX-173 |
2025.0 |
1465.0 |
410.6 |
28.96 |
UEX-174 |
2025.0 |
1470.0 |
410.6 |
28.96 |
UEX-175 |
2025.0 |
1450.0 |
410.6 |
28.96 |
UEX-177 |
2000.0 |
1445.0 |
410.6 |
30.48 |
UEX-178 |
2000.0 |
1450.0 |
410.6 |
30.48 |
UEX-179 |
2000.0 |
1455.0 |
410.6 |
28.96 |
UEX-180 |
2000.0 |
1460.0 |
410.6 |
28.96 |
UEX-182 |
2000.0 |
1470.0 |
410.6 |
28.96 |
UEX-183 |
2000.0 |
1475.0 |
410.6 |
27.43 |
UEX-184 |
2000.0 |
1435.0 |
410.7 |
28.96 |
UEX-185 |
1925.0 |
1490.0 |
410.6 |
28.96 |
UEX-186 |
1925.0 |
1485.0 |
410.6 |
27.43 |
UEX-188 |
1875.0 |
1530.0 |
410.8 |
27.43 |
UEX-189 |
1875.0 |
1535.0 |
410.7 |
27.43 |
UEX-190 |
1837.5 |
1530.0 |
410.9 |
25.91 |
UEX-191 |
1837.5 |
1535.0 |
411.0 |
24.38 |
UEX-192 |
1850.0 |
1530.0 |
411.0 |
27.43 |
UEX-193 |
1800.0 |
1525.0 |
411.2 |
25.91 |
UEX-194 |
1775.0 |
1525.0 |
411.8 |
28.96 |
UEX-195 |
1787.5 |
1525.0 |
411.4 |
30.48 |
UEX-196 |
1787.5 |
1520.0 |
411.3 |
30.48 |
UEX-203 |
1762.5 |
1520.0 |
412.1 |
28.96 |
UEX-204 |
1762.5 |
1515.0 |
411.9 |
28.96 |
UEX-212 |
1762.5 |
1475.0 |
411.5 |
28.96 |
UEX-213 |
2125.0 |
1515.0 |
410.2 |
32.00 |
The core lengths of the individual mineralized intersections are believed to be indicative of the true thicknesses of the mineralized zones, as the deposit is flat lying, and in the shape of a ribbon. All sonic drill holes were drilled at -90° (vertical).
