Uvre is tackling some monster uranium anomalies in Utah
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Uvre has commenced mapping and sampling fieldwork at the Loya Ray prospect at its East Canyon uranium vanadium project in Utah, USA, doubling down on a 2.4km long anomaly identified via a recent airborne radiometric survey.
The East Canyon project is in the Uravan Mineral Belt and Salt Wash ore producing districts of the Colorado Plateau, an important source of uranium and vanadium in the US for more than 100 years.
Historic production in the region amounts to more than 85 million pounds of uranium at an average grade of more than 0.13% U3O8 and more than 440 million pounds of vanadium at an average grade of 1.25% V2O5.
The district hosts several significant uranium-vanadium operations, including Energy Fuels’ La Sal Complex mines and development projects, and the White Mesa Mill which is the only fully licensed and operating conventional uranium-vanadium mill in the US.
Uvre (ASX:UVA) says the ultimate aim of the Loya Ray fieldwork is to generate potential targets for future drilling.
The recently completed airborne radiometric and magnetic survey at Loya Ray has identified an untested uranium anomaly with a strike length of over 2.4kms – highlighting the prospect’s prospectivity.
The anomaly starts at the historical Loya Ray mine workings, and extends northeast within the East Canyon project area, in an area which has had no prior mining or exploration work – and has not been drilled before.
The company says the anomaly, plus rock chip results from previous work which returned 0.37% U3O8 and 1.69% V2O5 from nearby historical workings, highlight the prospectivity at Loya Ray.
The current fieldwork will test for surface outcropping mineralisation, collect further rock chip samples and will also focus on structure and bedding in the radiometric areas to better understand influences of possible mineralised strike extensions.
In additional to exploration work currently underway at Loya Ray to help generate potential drill targets, further follow-up work is warranted along the 5km East-West Trend Uvre found last month.
This 5km Trend includes the areas of previously known historical mines/workings and prospects like Big Lead, None Such, Bonanza, Bonanza Group, Bonanza East and Stateline, however another previously unknown and untested anomaly named “Big Sally” was also identified through the radiometric survey which requires further investigation.
The company will use the same methodology as Loya Ray with detailed field mapping, scintillometer test-work and laboratory rock chip analysis.
The timeframe to conduct this work along the 5km East-West trend will depend on results and activities carried out at Loya Ray, as well as seasonal weather permitting field access.
This article was developed in collaboration with Uvre, 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.