Moab Minerals has high hopes for drilling at REX Uranium-Vanadium Project

Moab Minerals has eyes on a 3,000m+ drilling program at its flagship REX uranium-vanadium project in Colorado, USA, and has submitted a drill permit application to the Colorado Division of Reclamation (DRMS) and Bureau of Land Management (BLM).

The plan is to drill in Spring 2023, targeting an eastwards extension of know mineralised zones from historical workings at Faery Queen and the 45-90 mine.

Moab Minerals (ASX:MOM) has also commenced baseline environmental studies, which are a necessary input to the drill permit application and ongoing exploration.

Defining prospective trends

Moab owns 60% of the REX Uranium-Vanadium Project, which is in the famed Uravan Mineral Belt of Colorado.

It contains many historic uranium mines including, Blackfoot/Rattlesnake, Wedge, Merry Widow, Sunbeam and Vanadium King that have not been subject to exploration since the 1970’s, other than initial sampling by the company.

The ultimate drill program is expected to be for a total of up to 21 drill holes for 3,150m, with an average depth of 150m which is adequate for testing the target stratigraphy.

“Moab has carried out significant due diligence work on the REX Uranium-Vanadium Project which has been aimed at defining prospective trends of mineralisation that could be targeted by the planned drill program in 2023,” MD Malcolm Day says.

“With this work largely complete, the next step is to get the drills out there, hence we are pleased to have now submitted the drilling application to the BLM and Colorado Division of Reclamation.”

This article was developed in collaboration with Moab Minerals Limited (ASX:MOM), 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.