Delecta has started exploring for uranium at its Colorado project again
Delecta has put boots on the ground and recommenced exploration at its REX uranium project in Colorado following a comprehensive review of historical data.
The company has started mapping and sampling that will test historical uranium oxide mineralisation and verify historical uranium workings and drillhole data that were highlighted by the review.
Delecta (ASX:DLC) has also bought a RS-230 gamma ray spectrometer to provide real time analysis of uranium oxide (U3O8) samples to accelerate field work and assessment of prospects.
A recently completed ortho-photo survey of the REX tenements is being analysed with the results to be folded into the current work program.
The data review, mapping and sampling programs are part of project-wide uranium oxide vectoring, designed to generate targets for upcoming core drilling.
Mapping and assessment is expected to be completed by the end of this year followed by the completion of drill targeting and permitting.
“With initial sampling programs returning encouraging results, including high levels of naturally occurring radioactive materials, the company is accelerating drill targeting and formative work on structural and geological modelling for the upcoming field season,” managing director Malcolm Day.
“With this new knowledge we look forward to seeing the positive results continue.”
REX consists of 256 contiguous BLM mining claims covering 2,072ha with four historical uranium mines within the project area that are readily accessible via surfaced and county-maintained gravel roads from either Moab or Monticello.
It is within trucking distance of the White Mesa Mill, the only operating conventional uranium-vanadium mill in the US that has 90% spare capacity available to toll-treat mined ore.
This article was developed in collaboration with Delecta, 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.