The report estimates a measured and indicated mineral resource of approximately 664,521 pounds of uranium (eU3O8) at an average grade of 0.058% and an inferred mineral resource of approximately 32,522 pounds at an average grade of 0.042%.
The North Rolling Pin project is wholly-owned by Uranerz and is located approximately midway between the company’s Nichols Ranch property and its Hank property. The Nichols Ranch and Hank properties are both in the final permitting phase for production.
Uranerz has now reported NI 43-101 uranium resources for six projects. The company has 38 uranium projects at various stages of exploration and development in the Powder River Basin area of Wyoming (including projects within the Arkose Mining Venture properties).
Kurt Brown, senior vice-president of exploration at Uranerz, said: “This is not the company’s largest uranium deposit in the Powder River Basin. However, it is strategically located between our most advanced projects in the permitting phase, and adds pounds. We are pleased to continue to add to our total uranium resource base in this area.”
