This mineral resource estimate was completed using accepted methods mandated by NI 43-101 and Canadian Institute of Mining, Metallurgy and Petroleum standards using a grade times thickness (GT) cut-off of 0.2.
The properties comprising the Doughstick Project include the company’s wholly-owned Doughstick properties and the Doughstick and North Jane properties held by the Arkose Mining Venture. Arkose is a joint venture operated by the company and owned by the company (81%) and United Nuclear (19%).
Of the estimated measured and indicated resources for the Doughstick Project, 882,736 pounds at an average grade of 0.081% and an inferred mineral resource of approximately 86,909 pounds at an average grade of 0.055% are wholly-owned by Uranerz and the remainder by United Nuclear.
Kurtis Brown, senior vice president of exploration at Uranerz Energy, said: ”Uranerz is very pleased that, with this latest NI 43-101 report, we are able to continue to grow the company’s resource base within our large property holdings in the Powder River Basin. Uranerz has over 25 uranium projects in various stages of exploration and development in this area of Wyoming.
”The company’s proposed site for its Nichols Ranch Uranium ISR Project, which is currently in the environmental permitting stage, is only two miles away. We plan to utilize the Nichols Ranch infrastructure to exploit these Doughstick resources, which should extend the production life of the Nichols Ranch complex and increase total production from this area.”
