Western Uranium Corporation Begins Drilling Bull Basin and Old Man Springs Targets at Kings Valley Project, Nevada
Western Uranium Corporation is pleased to announce drilling has started on the regional uranium targets: Bull Basin and Old Man Springs on the Kings Valley Project, Nevada. To expedite the program and accommodate permitting of a large number of drill sites, the core drill program is being helicopter assisted. One core rig is currently on-site and drilling, with the second rig scheduled to arrive within the next seven days. Currently, approximately 50 holes are planned in this phase, with 25 holes allocated to each respective target. The Company anticipates the program will take 3 to 4 months to complete with two core rigs drilling 24/7.
Both Old Man Springs and Bull Basin lie along a projected structural trend from the areas of known mineralization hosting 4.8 million pounds in 3.0 MT at a grade of 0.081% U3O8 (NI 43-101 compliant resource estimate). The Bull Basin and Old Man Springs anomalies were defined using a combination of exploration methodologies including stream sediment sampling, ground magnetometer surveys and radon track-etch sampling. To better delineate and refine the radon and magnetic anomalies, the Company undertook a soil-gas hydrocarbon (SGH) survey at each sample site. The SGH samples measure low-level gas emissions from decaying microorganisms that break down concentrations of buried minerals such as uranium, gold, copper, etc. and later emit various gases distinctly associated with each type of mineral. The compilation of data from these samples was combined with geologic mapping and a regional structural analysis for the selection of specific drill sites. A review of the data and drill program was undertaken with Cameco, Western’s Strategic Alliance partner, during a technical committee meeting that included an on-site visit in April. Both companies are encouraged with the large size, intensity, and definition of the anomalies and believe the current drill program will provide valuable first pass exploratory information.
About the Company
Western Uranium Corporation is a mineral exploration company with a focus on uranium. Western Lithium Corporation, the Company’s wholly owned subsidiary, was created to exploit the lithium assets located in the Company’s King Valley Project. The Company has exploration properties in Nevada, New Mexico and in the Thelon Basin, Nunavut and the Northwest Territories. The Company has its head office in Vancouver, Canada; its executive management team is based in Reno, Nevada.
The contents of this press release were reviewed by Pamela Klessig. Ms. Klessig has sufficient experience to review this release and is a Qualified Person as defined by NI 43-101.
On behalf of the Board of Western Uranium Corporation
Pamela J. Klessig, President & CEO
Richard Roy Western Uranium Corporation Manager Investor Relations (604) 669-6446 or (775) 827-3311 (604) 488-0319 (FAX) Email: firstname.lastname@example.org or email@example.com
Source: Western Uranium Corporation