 In this section:
PROJECT OVERVIEW
The Nichols Project consists of 900 acres, and is located within the heart of the historic Karnes County uranium mining district. Karnes County is immediately adjacent to Goliad County, the site of the Company’s advanced Goliad Project operations. The property was originally developed by Texaco Uranium (now ChevronTexaco), and reportedly contains an historic resource of 1.2 million pounds of e-U3O8. Uranium Energy Corp is currently negotiating with a third party to acquire all or part of the Texaco exploration and development database associated with this deposit. The resources stated are historical in nature. Recent independent verification of the data has not yet been performed. The Company has not completed sufficient exploration to verify the historical resource estimate. Data reviewed to date, including gamma logs from oil wells in the immediate area of the deposit, indicate that the mineralization lies within the Tertiary age Jackson Formation, and occurs at an average depth of 440 feet.
RECENT DEVELOPMENTS
Oct 28, 2008
Uranium Energy Corp Announces Positive Results from First-Phase Drilling at the Nichols Project in South Texas
Aug 13, 2008
Uranium Energy Corp to Commence Drilling at Nichols Project in South Texas
Nov 21, 2006
Uranium Energy Corp Increases Historically-Drill Proven Uranium Resources with Addition to South Texas Portfolio
[Back to Top] |
; "South Texas Uranium Mining Drilling and Logging Operation")
