A 128% Increase in Measured and Indicated Uranium Resources Spikes Momentum In Markets

A 128% Increase in Measured and Indicated Uranium Resources Spikes Momentum In Markets

Click to enlarge Uranium that’s produced in Wyoming is, at present, in-situ—which means in place—uranium is dissolved into solution, pumped to the surface and then processed into yellowcake.

Azarga Uranium ( TSX:AZZ , OTCQB:AZZUF , Forum ) is one company currently focused on Wyoming through several projects in the state, including its 100 per cent-owned Gas Hills Uranium Project, which has a deep mining history.

The company recently announced that it had completed an updated National Instrument 43-101 (NI 43-101) resource estimate on the project after additional uranium mineralization had been identified.
Key highlights
Measured and indicated uranium resources rose from 4.73 million pounds to 10.77 million pounds, representing a 128 per cent increase Measured and indicated in-situ recovery (“ISR”) uranium resources totalling 7.71 million pounds (72% of the overall measured and indicted resources) at an average grade of 0.101 per cent U3O8 The Gas Hills Project having the potential […]

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