The lease is accompanied with an exploration permit which will allow the company to begin its exploration plans to identify the acreage’s uranium potential, and the lease and exploration permit covers 640 acres of state land.
In 1979, the Department of Energy conducted an evaluation of the Date Creek Basin and the Artillery Mountains where it estimated that the area could contain as much as 1.26 billion lbs of uranium.
In order to fully evaluate the uranium potential of the North Anderson project, the company plans a reverse circulation drill program and accompanying down-hole radiometric geophysical probe program.
The geologic and structural environment and previous identification of radioactive anomalies indicate that the area is favorable for uranium mineralization.
American Energy Fields is a resource company focused on exploring and developing the natural energy resources of the US.
