 In this section:
PROJECT OVERVIEW
Uranium Energy Corp’s Big Gypsum Project is located in Sections 3 & 4, T43N, R16W, and Sections 28, 29, 30, 32, 33 & 34, T44N, R16W, San Miguel County Colorado. The Big Gypsum Project consists of the 26 Eagle claims (520 acres). The property is located on the southern limb of the Dry Creek Basin syncline and adjacent to the NE side of Big Gypsum Valley. The Gypsum Valley salt anticline is approximately 30 miles in length and plunges to the southeast. All the major uranium-vanadium deposits are found in the Salt Wash Member of the Morrison Formation. The deposits are found in the upper, middle and lower Salt Wash with some of the larger deposits found in the middle and lower sands. The Salt Wash interval ranges from 300-500 feet in thickness and is composed of fluvial sandstones and mudstone beds. The sandstones are light brown, gray or red in color, and range from fine-grained to conglomeratic in texture. Individual sandstones units range from 40 to 100 feet in thickness along the northeast flank and from 10 to 60 feet thick along the southwest flank. The general sedimentary trend for the upper, middle and lower units is northwest to southeast but the distributary channels trend east to northeast. The uranium deposits are found parallel to the sedimentary trends.
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