Goliad

Texas Uranium Mining To download the complete NI 43-101 Technical Report on the Goliad Project, please click the link below.

Goliad Project NI 43-101

In this section:

Project Snapshot
Recent Developments
Project Overview

PROJECT SNAPSHOT

Goliad Uranium Project is located in north-central Goliad County, Texas.
Project is amenable to In-Situ Recovery (ISR).
Commissioners of the Texas Commission on Environmental Quality (TCEQ) have approved the Mine Permit, the Production Area Authorization for Production Area One (PA-1), and have granted the request for designation of an Exempt Aquifer
The Goliad project only has one remaining Texas authorization pending, a Radioactive Material License which is at an advanced technical review stage with TCEQ.
Moore Energy Corp (previous project operator) drilled 479 holes during mid-80's.
Uranium Energy Corp has drilled over 599 confirmation and delineation holes from May 2006 through December 2007 to a 43-101 compliant resource of 6.9 million pounds U3O8, of which 5.4 million pounds is measured and indicated, and 1.5 million pounds is inferred.
Uranium mineralization as currently defined by historic drilling remains open laterally in all directions, providing excellent potential targets for additional drilling and increasing the size of the resource.
Mineralization is in four sand horizons from depths of 90 to 450 feet.
Average thickness of 14.5 feet and average grade of 0.075%* across all four sand horizons.
Metallurgical testing has been independently reviewed with recoveries of 86% to 89%.

* Based on a positive chemical/radiometric disequilibrium factor of 1.494. The disequilibrium factor (DEF) refers to the ratio of the actual grade of uranium in the formation to the grade obtained from gamma ray logging.

2007 Exploration Drilling Program at the Goliad ISR Uranium Project

RECENT DEVELOPMENTS

Feb. 14, 2011
Uranium Energy Corp Advances Radioactive Material License, the Final State Authorization, for the Goliad Project

Dec 14, 2010
Uranium Energy Corp Receives Mine Permit and Production Area Authorization for the Goliad ISR Project in South Texas

Sep 30, 2010
Uranium Energy Corp Announces Major Advance with Permitting for Goliad ISR Project in South Texas

May 27, 2010
Uranium Energy Corp Receives Disposal Well Permits for the Goliad ISR Project in South Texas

May 4, 2010
Uranium Energy Corp Provides Project and Corporate Update

Jan 11, 2010
Uranium Energy Corp Advances Permitting at Palangana and Goliad ISR Projects

Sep 23, 2009
Uranium Energy Corp Issued Final Draft Permits for Both Disposal Wells for the Goliad ISR Project in South Texas

Sep 1, 2009
Uranium Energy Corp Receives Both Initial Draft Disposal Well Permits for the Goliad ISR Project in South Texas

Jun 11, 2009
Uranium Energy Corp Receives Final Draft Permit for First Production Area at Goliad ISR Project

Jun 8, 2009
Uranium Energy Corp Announces Dismissal of Lawsuit

May 20, 2009
Uranium Energy Corp Receives Production Area-1 Draft Authorization at Goliad

Feb 26, 2009
Uranium Energy Corp Announces Advances in Permitting for the Goliad ISR Project

Dec 2, 2008
Uranium Energy Corp Completes Filing of Final Permit Applications for the Goliad ISR Project in South Texas

Oct. 15, 2008
Uranium Energy Corp Makes Progress with Permitting at the Goliad ISR Project and Provides Corporate Development Update

Sep 8, 2008
Uranium Energy Corp Completes Successful Hydrologic Tests and Files Production Area Authorization Application at the Goliad ISR Project

Jun 16, 2008
Uranium Energy Corp: Initial Production Area Authorization (PAA) Development Completed at Goliad ISR Uranium Project

Jun 5, 2008
Uranium Energy Corp: Draft Mine Permit Issued For Goliad ISR Uranium Project In South Texas

Mar 4, 2008
Uranium Energy Corp Reports Independent NI 43-101 Resource Estimate at Goliad Project

Jan 29, 2008
Uranium Energy Corp Announces Progress with Drilling at Its Goliad Project

PROJECT OVERVIEW

The Uranium Energy Corp Goliad Project is located in north-central Goliad County, Texas, and currently consists of 13 ISR uranium mining leases that cover approximately 1,421 net acres of contiguous properties. The original holder of mining leases for this area was Coastal Uranium. Coastal Uranium conducted a reconnaissance exploration project over a very large area that included the current Uranium Energy Corp leases in 1979 and 1980. Moore Energy Corporation acquired the leases to the current property from Coastal Uranium and drilled 479 holes during 1983 and 1984. After completion of exploration drilling in 1984, Moore Energy estimated uranium reserves (Moore classification only) of approximately 3,366,000 tons at an average grade of about 0.05% eU3O8 and an average disequilibrium factor of 1.494. This equates to approximately 5.2 million pounds of eU3O8. This resource estimate is historical in nature.

The latest Technical Report, filed on March 4th 2008, provides for a measured and indicated resource estimate for the company’s Goliad Project of 5,475,200 pounds at an average grade of 0.05% eU3O8, up from the previously reported and historical resource of 5.2 million pounds eU3O8 which was set forth in the Company’s previously filed Goliad Project NI 43-101 technical report. An additional 1,547,500 pounds of eU3O8 at an average grade of 0.05% is classified as an inferred mineral resource in the Technical Report. The estimate is based on the results from 1,086 drill holes at the Goliad Project, 599 by Uranium Energy Corp, 487 historic.

The Goliad Project is located in the Interior Coastal Plains portion of the Gulf Coastal Plains physiographic province. The geology is characterized by Tertiary age sedimentary units that dip and thicken toward the Gulf of Mexico. Uranium mineralization is not uncommon in multiple Tertiary age formations and is predominantly found within sand-sandstone type roll front deposits. The presence of strong reductants in permeable sands created either widespread or localized areas of reducing conditions in the groundwater that caused dissolved uranium migrating in oxidizing groundwater to precipitate and concentrate.

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