Sign up Australia
Proactive Investors - Run By Investors For Investors

Black Range Minerals hits high grade uranium at Hansen in first diamond hole

Black Range Minerals hits high grade uranium at Hansen in first diamond hole

Black Range Minerals (ASX: BLR) has intersected multiple horizons of high grade uranium in the first diamond hole at the Hansen Uranium Deposit in Colorado, U.S.

The company’s diamond drilling campaign will cover 3,000 metres, and will take up to four months as it acquires additional geological, metallurgical, geotechnical and hydrological information.

Highlights include:

- 4.3 metres at 0.10% uranium from 215.7 metres;
- 10.1 metres at 0.093% uranium from 193 metres; and
- 33.5 metres at 0.061% uranium from 186.6 metres.

Black Range expects the drill campaign to lead to an update of historic Feasibility Studies undertaken at Hansen.

Three Feasibility Studies into the development of Hansen have been completed between 1979 and 1981, concluding that the deposit could be viably developed by way of open pit mining.

The company also wholly-owns the adjacent Taylor Ranch Uranium Project, which hosts JORC Indicated and Inferred Resources of more than 60 million pounds uranium.

Black Range’s projects sit adjacent to minor roads and railway, and are located within 60 kilometres of Colorado Springs and within 120 kilometres of Denver.

The combined Taylor Ranch and Hansen Uranium Project is one of the largest uranium projects within the US according to Black Range.

 



Register here to be notified of future PROAC Company articles
View full PROAC profile

Proactiveinvestors Timeline

Video
November 23 2016
Newswire
November 23 2016

Related Articles

man with white board
September 20 2016
In September, Ebiquity launched a new global advertising intelligence platform.
White board with marketing ideas
March 14 2017
There was a bit of a wobble in the run-up to the Brexit vote and shortly after it, but the group's 'buy, build & grow' strategy is taking shape
E-mail
October 18 2016
Geographical expansion, product innovation and strategic partnerships continue to be well executed, said house broker finnCap

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use