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 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
- Goliad Uranium Project is located in north-central Goliad County, Texas.
- Draft Mine Permit Issued For Goliad ISR Uranium Project
- 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.
- Project is amenable to In-Situ Recovery (ISR).
- 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
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.
RECENT DEVELOPMENTS
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
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