A new uranium deposit In January 2009, U3O8 Corp. reported the company’s initial resource estimate for the Aricheng South and Aricheng North structures, located in the basement near the Roraima Basin in Guyana, South America. Mineralization in these structures remains open along strike and at depth, and further drilling has the potential to considerably increase this initial resource. Aricheng South and Aricheng North mark the first of our basement-hosted uranium targets to advance to resource definition.
| Deposit |
43-101 Resource Class
|
Tonnes
(million)
|
Grade U3O8%
|
Grade
U3O8 (lb/st)
|
Million lbs U3O8
|
Indicated million lbs U3O8
|
Inferred million lbs U3O8 |
Aricheng South
|
Indicated |
1.90
|
0.09
|
1.78
|
3.72
|
3.72
|
|
Aricheng South
|
Inferred |
0.42
|
0.09
|
1.76
|
0.82
|
|
0.82
|
Aricheng North
|
Indicated
|
0.78
|
0.12
|
2.43
|
2.10
|
2.10
|
|
Aricheng North
|
Inferred
|
0.22
|
0.11
|
2.10
|
0.52
|
|
0.52
|
Totals
|
|
|
|
|
|
5.81
|
1.34
|
*Based on a cut-off grade of 0.05% U3O8
Download the NI 43-101 Technical Report dated January 14, 2009 on the Aricheng South and Aricheng North uranium deposits. Resource summary for Aricheng South and Aricheng North based on sensitivity cut-off grade:
