Yellowcake Mining Begins First Phase Drill Programadmin
Yellowcake Mining Inc. is pleased to announce that it has received the necessary permits to allow drilling on its +3,000 acre Uravan-Beck Property in Montrose County, Colorado. The permits were received from the Colorado Division of Reclamation, Mining and Safety and U.S. Bureau of Land Management. Permits are in hand and a reclamation bond has been accepted for the initial exploration phase.
The permits are for ten sites of known uranium-vanadium mineralization which will be tested by air-rotary drilling and gamma logging. Stewart Brothers Drilling out of Milan, New Mexico, has been selected as the drill contractor and they are now mobilizing a rig. The drilling will begin as soon as the rig is on site.
The Uravan Belt is the oldest uranium producing district in the U.S., and, between 1948 and 1978, has produced an excess of 63 million pounds of uranium and 300 million pounds of vanadium. Mining ceased because of the drop in uranium prices in the late seventies not because the reserves were exhausted. The district is now the site of renewed mining activity and new mines are being permitted.
Yellowcake Mining Inc. Andrew Fedak 1-877-338-4438
Source: Yellowcake Mining Inc.