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.
- 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.