The purpose of the drilling activity is to evaluate the suitability of the property for in-situ recovery (ISR) mining.
Stewart Brothers Drilling Company of Milan, New Mexico, has been contracted by URI to conduct the drilling.
URI president and CEO Don Ewigleben said that as part of the company’s commitment to New Mexico, it intends to hire local businesses whenever possible.
URI received an exploration permit from the New Mexico Mining and Minerals Division in November 2008 to drill on Section 13.
The permit, which was renewed in July 2010, allows URI to drill up to ten holes for the purpose of extracting core samples until November 2011.
URI has approximately 2.4 million pounds of in-place, mineralized uranium material in the Ambrosia Lake district.
