Latitude Uranium will soon know if its project on top of the world ranks as one of the industry’s best uranium finds

The first phase of drilling at Latitude Uranium’s ( Latitude Uranium Inc (CSE:LUR, OTCQB:LURAF) ) Angilak project in Nunavut is now well underway.

The results will be intensely scrutinized by investors and uranium industry experts alike, but what’s already known is that they’re likely to show uranium, and lots of it. That’s because Angilak boasts a historical resource of 43 million pounds of uranium grading 0.69%. If those results can be replicated, they’ll put Angilak in the top 10% of projects by grade worldwide.

Twinning holes and working off historical data can often be circumspect, of course. But in this case, the guidance from history looks relatively strong.

For a start, although the earlier work is termed “historical” from a regulatory standpoint, it actually dates to just 2013. That’s relatively fresh by mining standards and also means the data was gathered in conformity with the standards set by National Instrument 43-101, which […]

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