Titan Uranium has an option to earn up to an 85% interest in the Green River South project. The property comprises 582 mining claims, covering 11,989 acres/4850 ha, plus 5 state mining leases covering some 3,257 acres/1318 ha, in Utah’s San Raphael mining district, around 90 miles from the Shootaring Canyon Mill. The property includes the historic Sahara Mine.
The program consisted of 12,560 feet (3830 metres) of drilling in 20 holes. The drilling contractor was Carroll Drilling of Moab, Utah and the logging contractor was Hawkins CBM Logging of Cody, WY. Equivalent uranium grades (eU3O8) were estimated by the logging contractor using industry standard equipment which was regularly calibrated in the US Department of Energy test pits in Grand Junction, CO.
Of the 15 holes drilled in the Ursa zone, four were deemed to be mineralized, three intercepted low grade uranium mineralization, seven contained anomalous levels of uranium and one was barren , and. This new zone extends at least 2000 feet in a NW-SE direction and its width is currently undefined. The mineralization is located within sand horizons in the Jurassic Salt Wash formation. The five holes (GRS 1037-1041) drilled on targets outside of the Ursa zone, were not mineralized.
Grade-thickness (GT) thresholds of 0.03-0.10 ft% eU3O8 for anomalous uranium, 0.10-0.25 ft% for low grade mineralization, and >0.25ft% for mineralized were applied.
