U3O8 Corp. Announces Definition of Additional, Higher-Grade Uranium-Vanadium Layers at Laguna Salada, Argentina

"By applying what we have learned from the discovery of higher-grade uranium-vanadium in the La Rosada area, announced in the last few weeks, our exploration team has identified similar higher-grade layers at the base of the gravel, and beneath the gravel, at Laguna Salada," said Dr. Richa...

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Bibliographic Details
Published inCanada NewsWire
Format Newsletter
LanguageEnglish
Published Ottawa PR Newswire Association LLC 07.02.2017
Subjects
By products
Community support
Joint ventures
Mineralization
Uranium
Argentina
TORONTO, Feb. 7, 2017
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Summary:"By applying what we have learned from the discovery of higher-grade uranium-vanadium in the La Rosada area, announced in the last few weeks, our exploration team has identified similar higher-grade layers at the base of the gravel, and beneath the gravel, at Laguna Salada," said Dr. Richard Spencer, CEO of U3O8 Corp. "The identification of higher-grade potential provides an opportunity to further reduce estimated production costs for the Laguna Salada Deposit. Exploration of the La Rosada area (press releases made on Jan 11th and 19th, 2017 - the latter with video footage of the mineralization in the trenches) revealed, not only well mineralized gravel, but also an underlying, mineralized sand layer and mineralized volcanic material. With the La Rosada discoveries as a model, the exploration team revisited the lower part of the gravel at Laguna Salada and recognized a very similar situation that can be summarized as follows (Figure 1): Higher-grade uranium-vanadium at the base of the gravel occurs in an elongate zone that extends from northwest to southeast over at least 6 kilometres. Target 1 (Figure 1): Infill trenching of the higher-grade zone in the basal gravel on the northwestern margin of the Laguna Salada Deposit is required so that this layer may be incorporated into a resource estimate in its own right. [...]statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements, including, but not limited to: (1) changes in general economic and...