The permits cover an area of 247,000 acres and consists of ‘roll-front’ type mineralization uranium occurrences similar to deposits currently being produced by low-cost in-situ recovery (ISR) methods in Texas, the western United States, Central Asia and Australia.
The firm has conducted a 24-hour aquifer test in permits to test if the aquifer could sustain extraction rates typical of ISR mining of uranium.
Results of the test indicate that the uranium-bearing unit has aquifer characteristics that would support operational rates for ISR mining.
The Coronel Oviedo property, which is located in stable Paraguay, is geologically very similar to the South Texas uranium belt and is anticipated to be ISR-amenable as initially indicated through the firm’s pump-test studies.
