Highlights:
- The entire Uravan District (broken down here into three segments) has been one of the largest uranium producing areas in the United States having produced more than 80 million pounds of U3O8 and over 400 million pounds of V2O5.1
- The advanced Eula Belle project has 219,500 lbs of U3O8 at 0.25% and 790,200 lbs of V2O5 at 0.9 %. Further work by Urano will be required in order to prepare a NI 43-101 report. 2
- Both the October and King Pin projects are well advanced with historic company reports and sub-surface data but with smaller existing historic resources. The company plans to report on the results of its data compilation and planned work program during Q3-2025.
*The historic resource and reserve estimates are based on a report prepared by Union Carbide in May of 1989, and do not comply with mineral resource categories set out in National Instrument 43-101. A Qualified Person (as defined in NI 43-101) has not done sufficient work to classify the historical estimate as current mineral resources and the company is not treating the historical estimate as current miner resources. The company considers the historic information relevant and reliable, however additional work, including drilling, will be required to confirm the presence of a uranium deposit, and if present, to establish the amount and grade of any mineralization that is found.
The Company is continuing analysis and confirmation work to define additional historical uranium and vanadium reserves and resources across the portfolio of projects, all of which have been past producers. The Company has reports, drill hole and mine maps as well as reserves and resource estimates for a majority of the additional properties.
The Company is continuing analysis and confirmation work to define additional historical uranium and vanadium reserves and resources across the portfolio of projects, all of which have been past producers. The Company has reports, drill hole and mine maps as well as reserves and resource estimates for a majority of the additional properties.
Qualified Person
Technical information on this webpage has been approved by Douglas Underhill, PhD. Geology, MBA, CPG, a Director of Urano Energy Corp. and “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
References
1 Chenoweth, William L., 1981, “The Uranium-Vanadium Deposits of the UravanMineral Belt and Adjacent Areas, Colorado and Utah. In New Mexico Geological Society Guidebook 32, Western Slope, Colorado” and Goodnight, Craig S., William L. Chenoweth, Richard D. Davyaultand Edward T. Cotter, 2005: “Geologic Road Log for UravanMineral Belt Field Trip, West-Central, Colorado” Rocky Mountain Section of the Geologic Society of America.
2 Mineable Reserves estimate by UCC, May, 1989, Internal Report, Table V.
3 Union Carbide’s (“UCC” or “Umetco”)“Minable Reserves” class for Uravan hosted U-V deposits is specifically defined in its 1985 “Manual of Resource and Reserve Estimation,” as “The following reserve definitions are to be utilized in the calculation of U-V reserves in the Uravan area of the Colorado Plateau, as): ‘An estimate of quantities of mineralized material that can be mined and processed at current costs, accounting for mining dilution, mining extraction and process recoveries.’” In addition, Union Carbide defines “Potential Resources,” “An estimate based on regional geologic projection of quantities of mineralized material assigned to areas which have not been tested but which would appear to possess the possibility of producing reserves. The property for which the estimate is made is controlled by Umetco Minerals and it is assumed that the geology, geometry, environment, potential economics of a likely find are favorable.”