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PROJECT OVERVIEW
Uranium Energy Corp’s San Mateo Mesa Project consists of 1,400 acres located in McKinley County, New Mexico. The San Mateo Mesa Project is north of Strathmore Minerals’ Roca Honda uranium project, and is on trend and in the same horizon with Rio Grande Resources’ Mt. Taylor uranium project Uranium Energy Corp possesses historical drilling results completed by Conoco in 1972 that identified uranium mineralization in five out of fourteen test holes at an average depth of 2,500 feet immediately to the south of the San Mateo Mesa Project. The mineralized intercepts range from 6 feet of 0.06% uranium to 10 feet of 0.30% uranium, with the highest intercept occurring approximately ¼ mile south of the San Mateo Mesa project boundary. This mineralization trend is expected to project onto the San Mateo Mesa property based on subsurface mapping. Furthermore, a number of northeast trending faults intersect a Westwater Canyon sandstone “thick” on the project and are expected to preserve projected primary mineralized trends as well as act to control the localization of any redistributed mineralization. The Westwater Canyon member of the Morrison Formation is the primary host unit for uranium mineralization in the Grants uranium district, including the Roca Honda and Mt. Taylor projects.
RECENT DEVELOPMENTS
Aug 15, 2007
Uranium Energy Corp Expands Property Portfolio in New Mexico and Enters Into Strategic Alliance with Uranium Industry Specialists
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