The company found an inferred mineral resource of 3,222,000 tons containing 5,542,000 lbs. of U3O8 with an average grade of 0.086% U3O8, at a cut-off grade of 0.05%.
The project consists of 183 unpatented lode mining claims covering 3,620 acres, where the current claim configuration represents the Workman Creek North and South projects.
The results from the independent National Instrument 43-101 Technical Report concluded that, based on geological similarities and other historic mining activity, there is potential for significant uranium mineralisation on the other claim blocks which constitute the Workman Creek project.
The report noted that the claim blocks outside of the main resource area have seen limited documented exploration work, and the recommended programme is designed to expand results from previous drill testing.
Uranium Energy is a US-based uranium production, development and exploration company.
