Orezone holds an 80% equity interest in Brighton and will be the initial manager and operator of the exploration programs on the properties. The 2010 exploration program is expected to be $3m and will include airborne geophysical surveys followed by ground verification and drilling of the higher priority uranium targets identified along the major mineralized trends.
Ron Little, president and CEO of Orezone, said: “Orezone will make use of its strong presence and infrastructure in Niger to assist Brighton in becoming a uranium company. This region is on its way to becoming the second largest uranium producing region in the world by 2012 and Orezone is well positioned through its equity stake in Brighton to capitalize on the exploration potential of Brighton’s extensive land holdings.”
Brighton is a uranium focused explorer with title to 4,000sqkm of prospective ground that contains key geological structures and favorable rocks that are known to host or control the mineralization at producing uranium mines in the region.
