Energy Fuels Interim Drilling Results Expands Whirlwind Uranium Deposit
11 Septembre 2007 - 7:48PM
Marketwired Canada
Energy Fuels Inc. (TSX:EFR) "Energy Fuels" or "the Company" is pleased to
release interim results from Colorado drilling on the Whirlwind Mine property,
located in both Colorado and Utah, as recommended by the NI 43-101 report for
the property filed January 3, 2007. The fourteen holes that have been completed
in Colorado are part of the ongoing drilling program to provide stratigraphic
data for detailed mine planning, and additional exploration to expand the
resource to support the development and near term production strategy of the
Company. These drill holes encountered additional high grade mineralization over
significant widths. Drilling highlights include:
---------------------------------------------------
Selected Data
-------------
---------------------------------------------------
Thickness Radiometric
Hole ID Ft. Grade- %U3O8
---------------------------------------------------
WW07-1 1.5 0.84
---------------------------------------------------
WW07-4 2.0 0.43
---------------------------------------------------
WW07-5 1.5 0.57
---------------------------------------------------
WW07-10 1.5 0.53
---------------------------------------------------
"These results confirm that the Whirlwind Mine property is a rapidly expanding
near production deposit. The stratigraphic data collected from the drilling also
provides critical information for the detailed mine planning being conducted
internally," commented George Glasier, President & CEO. "These drill holes
overlay the alignment of the planned development drift which will connect the
Whirlwind works with the Packrat Mine works. We are also very pleased that three
of these drill holes, closely offsetting existing historical holes, have
provided strong verification of the historic Whirlwind drill hole data held by
the Company. These drilling results confirm Energy Fuels' projected trends
within the river channel deposition model upon which it has based its
development plans at Whirlwind."
Uranium mineralization was identified in all but one of the 14 holes completed.
Seven of the holes show radiometric U3O8 grades ranging from 0.10% to 0.84%.
Mineralized thicknesses encountered were up to 7.5 ft. Lower grades were
encountered in six holes as detailed in the table below:
Whirlwind 2007 Colorado Drilling
Radiometric Mineralization
Collar Thickness Grade Base
Hole ID Elevation Ft. %U3O8 Elevation
------- --------- --------- ----------- --------------
WW07-1 7452 1.0 0.06 6911.9
WW07-1 7452 1.5 0.84 6891.9
WW07-2 7439 2.0 0.02
WW07-3 7435 7.5 0.11 6876.0
WW07-4 7435 1.5 0.10 6906.7
WW07-4 7435 2.0 0.43 6885.6
WW07-5 7432 1.5 0.57 6898.3
WW07-6 7427 B
WW07-7 7416 4.5 0.24 6889.1
WW07-8 7407 1.5 0.06 6895.3
WW07-9 7412 1.0 0.23 6902.4
WW07-10 7399 1.5 0.53 6876.9
WW07-11 7398 2.0 0.04 6876.0
WW07-12 7417 2.0 0.08 6879.0
WW07-13 7399 1.5 0.03 6882.0
WW07-14 7416 2.0 0.04 6885.0
Uranium grades based on downhole gamma logging performed by Colorado
Plateau Logging Company (a subsidiary of Energy Fuels Resources Corp.)
Thicknesses are "true widths".
Applying the same methodology used by Landy Stinnett, P.Eng., (the Qualified
Person who prepared the original NI 43-101 report), to this new drill data
increases the indicated resources on the property by more than 10%.
Stephen P. Antony, P.E., a Qualified Person as defined by National Instrument
43-101 has reviewed and approved the content of this press release.
Energy Fuels Inc. is a Toronto-based uranium and vanadium mineral exploration
and development company with more than 40,000 acres of highly prospective
uranium and vanadium property located in the States of Colorado, Utah and
Arizona. The Company, through its wholly-owned Colorado subsidiary, Energy Fuels
Resources Corporation, has assembled this property portfolio along with a first
class management team, including highly skilled technical mining and milling
professionals based in Lakewood and Nucla, Colorado and Kanab, Utah.
This news release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended and "Forward Looking Information" within the meaning of applicable
Canadian securities legislation. All statements, other than statements of
historical fact, included herein are forward-looking statements and forward
looking information that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the Company's
documents filed from time to time with the British Columbia, Alberta and Ontario
Securities Commissions.
George E.L. Glasier, President & CEO
Energy Fuels (TSX:EFR)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Energy Fuels (TSX:EFR)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024
