Low-Cost Mining Potential in Argentina
U3O8 Corp’s Laguna Salada Project in Chubut Province is the company’s first project in Argentina to add to our NI 43-101 resource inventory. Laguna Salada hosts surficial uranium-vanadium that occurs over an extensive 28 square kilometre area and lies within three metres of surface. Mineralization appears leachable from soft gravel, presenting a potential low-cost mining opportunity.
Surficial uranium deposits are broadly defined as young, near-surface uranium concentrations in sediments or soils, and account for about 4% of the world’s uranium resources (World Nuclear Association). Lake Maitland in Western Australia and Langer Heinrich in Namibia are examples of surficial uranium deposits.
We plan for continued resource growth through exploration of possible extensions to the Laguna Salada Project and exploration of similar targets in Santa Cruz Province in Southern Argentina.
Landscape and Vegetation of the Laguna Salada Project