Okapi expands USA uranium footprint

Okapi Resources has added scale to its North American uranium portfolio. Credit: File ASX-listed Okapi Resources has reinforced its uranium footprint in the United States after securing full ownership of 45 new mining claims and one State Mineral lease in Colorado. The acquisition stretches the boundaries of the company’s Maybell uranium project where historical production tipped the scales at 5.3 million pounds of triuranium octoxide running a solid average grade of 1300 parts per million.

The purchase also includes the procurement of an extensive historical database laden with key geological data that Okapi says will fast track the ground’s evaluation. The package includes more than 400 electronic well logs, detailed maps, geological reports and maps.

Additionally, the database holds the design, construction and operating information pertaining to the mining and uranium production operations of Union Carbide – a significant historical uranium producer in the region.

Between 1954 and 1964, Union Carbide ran […]

Click here to view original web page at thewest.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.