Wealth Commences Discovery Drilling Campaign on Its Bororo Nuevo Uranium Property, San Jorge Basin, Argentinaadmin
Wealth Minerals Ltd., is pleased to announce that diamond drilling has commenced on the Company’s 100% owned Bororo Nuevo property (“BN”) located in Chubut Province, Argentina. The diamond drill program now underway at BN will consist of a minimum of 30 holes (approximately 2,000 metres) targeting on- and near-surface uranium mineralization at several high-priority target zones – the Alpha, Beta, Gamma and Delta zones.
Bororo Nuevo Exploration Highlights
– 9 large mineralized zones discovered on only 12% of the overall BN property package. – Uranium values from 608 surface rock samples average 2.41 lbs/ton U3O8 (0.102% uranium) – Continuous chip sampling results of 7.33 lbs/ton U3O8 (0.311% uranium) over 10.0 metres and 4.01 lbs/ton U3O8 (0.170% uranium) over 12.5 metres. – 25+ year old drill cuttings assayed 4.22 lbs/ton U3O8 (0.179% uranium) – Extensive un-explored property package in what has been described as the
last and least-explored sandstone-hosted uranium district in the world.
Bororo Nuevo Property Overview
The Bororo Nuevo property is the flagship of the Company’s five uranium properties in the productive San Jorge Basin, which is host to the past-producing Cerro Condor and Los Adobes deposits as well as the 10.3 million pound U3O8 Cerro Solo uranium deposit. The San Jorge Basin lies within the Patagonian Provinces of Santa Cruz and Chubut and is readily accessible via an all-season paved road and a network of well-maintained gravel roads. The Company currently owns, or has the exclusive right to acquire, 76 ‘minas’ and ‘cateos’ (concessions) that total approximately 600,000 hectares (6,000 square kilometres) representing the largest land position in the San Jorge Basin.
The BN property consists of 4 minas and 6 cateos that total approximately 35,500 hectares (355 square kilometres). To date, nine large zones of mineralization have been discovered within a uranium fairway measuring 12 by 4 kilometres and less than 12% of the property has been mapped and prospected. The stratigraphy is known to be productive and the continued success of surficial exploration programs at BN clearly highlights the uranium-rich and underexplored nature of the San Jorge Basin.
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