The company says valuable geological data that will assist with the initial drill hole targeting and methodology. Pic: via Getty Images.
C29 Metals green lit for geological work at Kazakhstan uranium project
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- C29 secures approval for initial geological work at Ulytau uranium project
- Project is close to historical Bota-Burum uranium mine
- Company expects sample turnaround of four weeks
Special Report: C29 Metals has received category 4 exploration works approval to kick off geophysical, field mapping and soil-sampling programs at its Ulytau uranium project in Kazakhstan immediately.
Ulytau is around 15km southwest of the Bota-Burum mine, one of the largest uranium deposits mined in the former Soviet Union, which reportedly had total mined reserves of around 20,000 tonnes of uranium (44 million pounds) from 1956 to 1991 – as reported by the Government of the Republic of Kazakhstan.
The initial geological program at the project will undertake mapping and soil sampling focusing on verification of historical shallow high-grade results and identify the extent of the surface outcropping and shallow high-grade uranium across the tenement.
Positive operating environment
The company’s geology team will immediately establish base of operations at the nearby village of Aksuyek where C29 Metals (ASX:C29) enjoys strong support, having recently signed a social support agreement with the district government.
“It is very exciting to have the Category four (4) exploration approval granted enabling our geology team to immediately commence field works in preparation for drilling,” managing director Shannon Green said.
“This once again demonstrates the positive operating environment in Kazakhstan and the support the company is enjoying.”
The company has identified a laboratory that meets all international standards and can provide a sample turnaround time of approximately four weeks.
This article was developed in collaboration with C29 Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions
