Drilling Begins On Consolidated Uranium’s Three US Projects Aiming At Historic Mineral Resources

Consolidated Uranium has announced that drilling has started on its past-producing uranium projects in the US; Tony M Mine, Rim Uranium and Vanadium Mine, and Daneros Mine situated in south-eastern Utah.

All three underground mines are completely developed and officially permitted, with production taking place most recently between 2006 and 2013. The mines are also exclusively situated close to the White Mesa Mill owned and operated by Energy Fuels, with whom Consolidated Uranium has a Toll Milling Agreement.

Consolidated Uranium has contracted DrillRite to carry out a scheduled 21,000 ft of surface drilling throughout all three projects, which will comprise traditional open hole rotary pre-collars with core “tails”. Borehole geophysical logging services will be carried out by Century Geophysical.

Highlights

Tony M Mine:

An 8-hole program encompassing 6,000 ft is currently in progress to confirm the historical exploration drill hole data set and enable the preparation of an existing mineral resource estimate.

Rim Uranium and Vanadium Mine:

A 15-hole program encompassing 10,000 ft will begin directly after the completion of the Daneros program and will concentrate on areas beyond the historic resource estimate.

Daneros Mine:

An 8-hole program encompassing 7,200 ft will start directly after the completion of the Tony M program and will concentrate on areas beyond the historic resource estimate.

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