UEX Corp UEXCF

Is the Drilling of Ōrora North Commencing significant?

[rarb123]

DYK?

About the Christie Lake Project
 
UEX currently holds a 64.34% interest in the Christie Lake Project and has entered into a joint venture with JCU.  The Project is located approximately 9 km northeast and along strike of Cameco’s McArthur River Mine, the world’s largest uranium producer.  The P2 Fault, the controlling structure for all of the McArthur River deposits, continues to the northeast beyond the mine and onto the Christie Lake Project.  UEX believes that through a series of en-echelon steps the northeast strike extension of the P2 Fault not only crosses the Project but also controls the three known uranium deposits on Christie Lake, the rora, Paul Bay and Ken Pen Deposits.

The Christie Lake Project is currently estimated to contain 588,000 tonnes grading 1.57% U₃O₈, which equates to 20.35 million pounds of U₃O₈ using a cut-off grade of 0.2% U₃O₈ and are documented in the “Technical Report for the Christie Lake Uranium Project, Saskatchewan, Canada” which was filed on February 1, 2019 and has an effective date of December 13, 2018.  The Technical Report is available on the Company’s website at www.uexcorp.com and on SEDAR at www.sedar.com.   

UEX is a Unique Uranium Investment Company - Why?

$UEX has numerous resources, cashed up, well into 2021;

Headed up by Roger Lemaitre, P.Eng President & CEO 30 yrs experience Led Cameco’s Global Exploration Projects Team.

In a stronger Uranium markets, large premiums are available to resource-laden companies, UEX with its vast and unique package of resources will have the most room to move.

The odds matter; UEX has better odds than most as UEX claims were stalked under the guidance of their biggest shareholder Cameco.

Experience Matters - An Experienced Team with 420+ M lbs U3O8 of Discoveries & as Roger says

; "Through up cycles and down cycles the next discovery company ALWAYS does better than the producers and developers"

IS ORORA NORTH THE NEXT BIG DISCOVERY??

Additionally I am excited by West Bear, Christie Lake, Shea Creek, Hidden Bay, Black&Riou Lake & Horseshoe/Raven which are potential Game Changers never mind that UEX has another dozen grass roots projects which can be JV's.

• Christie Lake - Only junior explorer between the world’s two largest and highest grade uranium mines
• Shea Creek- Unparalleled Growth Potential
• Hidden Bay Project - Extensively explored for classic unconformity U deposits before UEX • Shallow - 0 - 200 m sandstone cover • Unparalleled basement-hosted U potential • 14 drill-ready basement targets identified
• Horseshoe-Raven - Development Ready - Indicated Resources 10.3 Mt @ 0.154% U3O8 = 35.04 M lbs U3O8 Inferred Resources 1.11 Mt @ 0.111% U3O8 = 2.71 M lbs U3O8 50-450 m below surface Direct access grades, conventional mining amenability and absence of water challenges Heap Leach Amenability - bench-scale test needed 2011 PEA suggests US$45/lb break-even.

 

In Summary;

• 1st in class #Cobalt #Nickel Deposit
• 19 #U Projects
• 10 #Uranium Deposits
• 99.5 Mlbs U3O8 & counting
• 294,565 ha massive land package
• Exposure to Discovery Potential with lower risk mid-stage opportunities
• Claims stalked under guidance from Cameco