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.


View full PROAC profile View Profile

Proactiveinvestors Timeline

Related Articles

Augmented Reality on phone
The firm currently has around nine companies in its portfolio that are either direct investments or through its sub-fund, Suir Valley Ventures, in which it holds a 22% stake
January 30 2019
“With the geopolitical landscape remaining in flux, clients are looking for greater certainty from their marketing programmes which our agencies and data businesses are proving able to provide"
March 04 2019
At the Completion Contract business there have been lower volumes and the average budget per film has reduced

© Proactive Investors 2019

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