Located in SE Wyoming, the Bootheel Project consists of roll-front mineralized zones identified in three distinct, stacked sandstone formations giving the company a more efficient opportunity for the development of resource definition. Historic metallurgical testing has indicted better than average uranium recovery kinetics and aquifer rehabilitation. A historic NI 43-101* by Scott Wilson Roscoe Postle Associates Inc. for Crosshair Exploration and Mining Corp. and Ur Energy Inc. in 2007 reports:
- Indicated Resource of 1.443 million tons @ 0.038% U3O8 for 1.089 lbs U3O8; and
- Inferred Resource of 4.399 million tons @ 0.037% U3O8 for 3.249 lbs U3O8.
*A Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as a current mineral resource. Additional work will be required to verify and update historical estimates, including a review of assumptions, parameters, methods and testing. Historical estimates do not use the current mineral resources categories prescribed under NI 43-101. Nuclear Fuels is not treating the historical estimate as a current mineral resource and it should not be relied upon.
Bootheel Project, Wyoming
- Roll-front mineralization occurs in three ages of sandstone.
- Mineralization is amenable to ISR extraction.
- Historic NI 43-101 Report7:
- Indicated Resource of 1.443 million tons @ 0.038% U3O8 for 1.089;
- Inferred Resource of 4.399 million tons @ 0.037% for 3.249 U3O8.