Climbing uranium prices spur investors’ interest in project North of 60 Mining News – December 10, 2021 ValOre has invested more than C$55 million into geophysics, geochemistry, drilling, metallurgy, and logistics at Angilak. ValOre Metals Corp.
In a move welcomed by investors, ValOre Metals Corp. plans to return to Nunavut to resume exploring its Angilak uranium project in 2022.
A district-scale property covering a 59,483-hectare (146,982 acres) expanse in south-central Nunavut, Angilak hosts drill-confirmed uranium mineralization along 40 kilometers (25 miles), including the prospective 3,000- by 1,500-meter Lac 50 Trend and multiple un-drilled targets property-wide.
ValOre says the Lac 50 Trend deposits comprise Canada’s highest-grade uranium resource outside of the Athabasca Basin in Saskatchewan and ranks as one of the world’s highest-grade uranium resources.The Canadian junior’s predecessor company, Kivalliq Energy Corp., reported an NI 43-101 inferred resource for Angilak of 2.83 million metric tons grading 0.69% (43.3 million pounds) triuranium octoxide, a […]
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