Uranium Energy has announced that the International Atomic Energy Agency (IAEA) has completed the technical programs in Paraguay, which were designed to support the future exploration and development of uranium resources in the country.
The programs have been designed for the Paraguayan Vice Ministry of Mines and Energy in Asuncion, where the firm’s technical staff were participated and contributed to the technical courses offered by the IAEA experts.
Under the programs, the firm has also led the site visits to its Oviedo and Yuty ISR uranium projects.
The IAEA program has covered crucial areas of geology, geophysics and geochemistry to discover and assess uranium deposits.
The firm said that it introduced development-stage Yuty and exploration-stage Oviedo uranium ISR projects to the course, comprising reviews of uraniferous outcrops, cores, monitoring wells and reclaimed drill sites.
Uranium Energy country manager Victor Fernandez said: "We are very pleased to have served with the IAEA to provide this valuable training.
"The course was well attended and clearly appreciated. Paraguay has exceptional geological potential for uranium deposits. Getting this potential understood by the right governmental officials is a significant step."
Yuty project includes a national instrument 43-101 measured and indicated resource of 8.914 million pounds grading 0.052% U3O8 with an inferred resource of 2.226 million pounds grading 0.047% U3O8, while Oviedo project has an exploration target of 23 to 56 million pounds grading 0.040% to 0.052% U3O8.