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UEX update on West Bear Cobalt-Nickel Prospect

Mining News - Published on Fri, 19 Jan 2018

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UEX Corporation announced that the Company plans to spend USD 1.5 million drilling its 100% owned West Bear Cobalt-Nickel Prospect located on the Hidden Bay project, immediately east of the West Bear Uranium Deposit. The drill program is anticipated to begin in mid-February and complete 3,500 m of drilling with 30 to 40 holes to define the known mineralized zones.

Mr Roger Lemaitre, President and CEO said that “I believe the surging demand for cobalt driven by the rapidly growing electric car industry provides the Company with strategic alternatives to enhance value for our shareholders through this asset.”

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Posted By : Rabi Wangkhem on Fri, 19 Jan 2018
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