As a result of property acquisitions and continued evaluation of the historic close-spaced drilling undertaken by the Tennessee Valley Authority within the project boundaries, Powertech Uranium has revised total inferred resources within the Dewey-Burdock Project upward to 10.8 million pounds, contained in 2,992,836 tons, averaging 0.182% U308.
Powertech Uranium’s original Centennial project technical report identified 9.7 million pounds of inferred uranium resources, contained in 5,175,800 tons, averaging 0.094% within the project. This resource estimate was calculated at mineralized cutoffs of 0.02% U308, with a cutoff grade thickness (GT) factor of 0.2. Through acquisition of additional property and the continued evaluation of historic close-spaced drilling within the project boundaries conducted by Rocky Mountain Energy Company, Powertech Uranium has revised the total inferred resources within the Centennial project upward to 11.5 million pounds. These calculations used a 0.2 GT cutoff, and resulted in the delineation of 6,115,193 tons at the same average grade of 0.094% U308. Applying a higher 0.5 GT cutoff to the same deposits, the company measured 7.7 million pounds of inferred resources, contained in 3,369,455 tons, averaging 0.114% U0.
