The company said that it intends to mine the current uranium resources by conventional open-pit methods and is working towards permitting the George-Ver Project as the first of several sequentially mineable deposits.
The majority of permitting work carried out thus far has been to support the submittal of a mine permit application for the George-Ver Project.
The company also plans to mine additional deposits in the Gas Hills and has initiated the gathering of background data (cultural, floral, faunal, hydrologic, etc) necessary for submittal of additional mine site permits to the state and federal regulators.
The company has also begun the collection of necessary data for the preparation of a US Nuclear Regulatory Commission (NRC) permit application for the construction and operation of a conventional uranium mill.
During the recent field season, a total of 9,290ft was drilled in all areas.
Six monitor wells were installed, seven core holes were completed, and twelve additional holes were drilled to tighten up drill patterns where pit designs are near complete (George Ver).
In addition, eight geo-technical auger holes were completed in the proposed Sagebrush-Tablestakes Mill Site area.
Proposed drilling activities at Rock Hill and Bullrush were postponed until next year, due to delays in receiving NRC licensing for operation of the Company-owned Prompt Fission Neutron Logging Tool.
Drilling activities entailed four differing accomplishments; installation of monitor wells for Mine and Mill Site Permitting requirements, delineation of ore-grade versus sub-grade mineralization for layout of planned open-pits, collection of cored samples for metallurgical studies, and lastly, geo-technical drilling in the company’s proposed Mill Tailings/Heap Leach area.
