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Additional Information
Market: ASX / TSX-V
Sector: General Mining
Epic: WCU
News: Latest news
Web Site: White Canyon Uranium Ltd
Other Articles: 17-02-201015-02-201029-01-2010

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White Canyon Uranium Ltd

White Canyon Uranium Ltd

White Canyon Uranium is the newest uranium production company listed on the ASX and TSX-V, with production of development material at Daneros having commenced at the end of 2009 following the mine permit being granted in May 2009.  Daneros is the first new uranium mine permitted in Utah in 30 years.  The company has U3O8 upside of 10 million pounds within 3 years, and is well placed to establish a 10 year mine production schedule.

CLICK HERE FOR FULL ANALYSIS OF WHITE CANYON URANIUM LTD
Monday, December 21, 2009

White Canyon Uranium delivers first ore to White Mesa Mill

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United States-focussed uranium producer White Canyon Uranium (ASX: WCU) has announced that first ore has now been delivered to the White Mesa Mill, owned by Denison Mines.

“This is another significant milestone for the Company which has progressed from uranium explorer to become the first new producer of uranium in Utah, USA," Managing Director Peter Batten said.

"This has occurred in just 22 months after listing on the ASX.

"It is an extraordinary achievement, one which many companies take several years to realise, and it is a tribute to the strength and dedication of our mining team led by Operations Director Kelly Shumway.

“I expect 2010 will be a very good year for White Canyon now that production is in place."

In October 2009 the Company announced that trucking of ore to Denison’s White Mesa Mill, about 100 kilometres by road from the Daneros mine, would commence in December 2009 and that proceeds from its sale of first ore to Denison were scheduled to be received in January 2010," Mr Batten said.

“I am pleased to say that we are on track to receive first sale proceeds in January 2010 as planned” he said.

White Canyon listed on the ASX listed in March 2008 as an advanced uranium exploration company holding a 100% interest in the advanced Thompson, Daneros, Lark Royal, Geitus, Blue Jay and Marcy Look Projects in south-east Utah.

 

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