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UEX Drilling to Expand the West Bear Co-Ni Deposit Underway

Mining News - Published on Fri, 11 Jan 2019

Image Source: GlobeNewswire
UEX Corporation announced that drilling has commenced on the Company’s 100% owned West Bear Property with the objective of expanding the high-grade West Bear Co-Ni Deposit. The 2019 winter exploration program will consist of approximately 17,000 m of drilling in approximately 110-160 holes utilizing two drill rigs. Initially, the program will focus on extending high-grade cobalt mineralization along strike to the west.

Results from UEX’s 2004 – 2006 sonic drill programs, located 100-500 m west of the Deposit highlight the excellent potential to expand the cobalt-nickel mineralization along strike to the west. These sonic holes were able to penetrate only 5-10 m below the uranium mineralization defining the West Bear Uranium Deposit terminating at vertical depths ranging between 25-35 m. Almost all the sonic holes ended in cobalt-nickel mineralization. The key fault structure hosting cobalt-nickel mineralization in the Deposit area occurs downdip of these mineralized sonic holes and remains untested by drilling.

Significant drill results from the 2018 program included hole WBC-012 that assayed 4.90% Co and 2.08% Ni over 8.0 m from 77.0 to 85.0 m (see UEX News Release dated April 19, 2018) and hole WBC-001 which intersected 2.00% cobalt and 1.26% nickel over 10.5 m between 46.0 m and 56.5 m (see UEX News Release dated April 9, 2018).

The drill program will also test for extensions of high-grade cobalt-nickel mineralization down-plunge and along strike to the southeast.

The goal of the winter program is to drill the Deposit to such an extent that the Company will be able to commence studies to determine the economic viability of the Deposit in the second half of 2019.

The winter drill program will also begin the process of investigating the area around the Deposit for additional cobalt-nickel deposits. Historical drilling along the margins of the West Bear Dome was focussed on targeting uranium mineralization at the unconformity and often failed to test these fault structures downdip into the basement for cobalt and nickel. Frequently, samples collected from these holes were not sampled for cobalt and nickel. Five high-priority target areas have been identified from the Company’s review of the historical data of previous explorers on the north and west flanks of the West Bear Dome (see Figure 1).

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Posted By : Rabi Wangkhem on Fri, 11 Jan 2019
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