The Kuriskova uranium deposit currently hosts an NI 43-101 compliant resource of 14.65 million pounds U3O8 indicated at 0.558% U3O8 and 17.90 million pounds inferred at 0.215% U3O8 using a cut-off of 0.05%U (SRK Consulting US, Feb. 2009).
The initial drill program will help define and plan subsequent drilling to be done in 2009 and early 2010. Additionally, the program includes drill holes for geotechnical and hydrological data collection. The complete program will total over 15,000 metres.
The study will also incorporate metallurgical testing of representative Kuriskova samples to optimize the recovery of uranium and molybdenum as a byproduct.
The results of the studies will provide insight into a mine plan, infrastructure requirements, and processing plant flow-sheet design for Kuriskova. It will also provide a basis for determining reserves, capital and operating costs, project economics and will address the environmental and permitting aspects of the project.
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