CEBOLLETA PROJECT
1 A qualified person and the Company has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the property
* Dahlkamp, Franz J., 2010; Uranium Deposits of the World, vol. 2 USA and Latin America; Springer – Verlag publisher; 517 pages.
An Advanced Exploration Uranium Project
* The reliability of the historical estimate is considered reasonable but a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource.
1 The reliability of the historical estimate is considered reasonable but a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource.
2 Historical work completed prior to 1980.
AREA | CUTOFF | eU3O8 % | TONS (K) | TONS U3O8 (K) | U3O8 lbs (K) |
---|---|---|---|---|---|
Area I-II-V | 0.08 | 0.173 | 4,564 | 7.874 | 15,748 |
Area III | 0.08 | 0.162 | 998 | 1.616 | 3,232 |
* The reliability of the historical estimate is considered reasonable but a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource.
*Notes on the historic estimate:
“NI 43-101 Technical Report on Resources Cebolleta Uranium Project, Cibola County, New Mexico, USA” –effective Date: March 24, 2014
Exploration will continue across the site in the near term with a focus on geophysics as well as validation/infill drilling to confirm the historical deposit data and increase the confidence level to work towards a new resource model and estimation.
Concurrently, geo-metallurgical assessment and sample selection will focus on confirming historical data to work towards an updated preliminary flowsheet.
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