The testing was was undertaken by Hydro-Engineering of Casper, Wyoming, and consisted of testing five wells to dimensionalize aquifer properties as well as expected recovery and injection rates.

The company said that the earlier laboratory testing of cores has indicated permeabilities to be within the range of existing commercial ISR operations.

Currently, the company is drilling on the San Miguel zone located on its 100% owned Yuty uranium project.

Mineralization occurs within a sandstone unit (San Miguel formation) up to 16m thick, and is associated with a redox front similar to the resource delineated at San Antonio.

The San Antonio deposit consists of a current NI 43-101 compliant resource, Indicated, 9.0M tonnes @ 0.042% eU3O8 containing 8.3M lbs eU3O8 and an Inferred Resource of 1.1M tonnes @ 0.050% eU3O8 containing 1.2M lbs eU3O8.

Column leach tests have demonstrated recovery of up to 86% of the contained uranium from cores taken from San Antonio.