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URZ3 Energy Corp V.URZ

Alternate Symbol(s):  NVDEF

URZ3 Energy Corp., formerly Nevada Exploration Inc., is a Canada-based exploration company. The Company has also diversified its interest into Uranium. It is engaged in the acquisition, exploration, and development of resource properties. It owns approximately 35,467 hectares of mineral claims in Saskatchewan. Its projects include South Grass Valley, Kelly Creek, and Awakening. The South Grass Valley Project is located approximately 50 kilometers (km) south-southwest of Barrick Gold Corp.'s Cortez complex, within the specific region of north-central Nevada. The Kelly Creek Project is located approximately 40 km north-northwest of Battle Mountain in Humboldt County, Nevada. The Awakening Project is located in Humboldt County, Nevada, 50 km north-northwest of Winnemucca, and 4,000 meters north of the 4.8-million-ounce Sleeper Gold Mine. The Company controls a large strategic land position in the central Powder River Basin of Wyoming and operates the Nichols Ranch ISR uranium project.


TSXV:URZ - Post by User

Bullboard Posts
Comment by ShellsRFun69on Nov 22, 2018 10:47am
76 Views
Post# 29009645

RE:890 ppt gold in groundwater at Kelly Creek

RE:890 ppt gold in groundwater at Kelly Creek... I think Kelly Creek looks very very promising. They have confirmed 0.1 gram/MT in 3 bedrock samples taken from Scorpion Rig drilling that we 560 metres apart. (Doesn't sound like much but the gold in bedrock seems to be present right from bedrock/alluvial contact to the end of the Scorpion Rig holes where they maxed out their depth cabalities. If you think this is trivial, check out the Marigold deposit diagram showing grades and see how many tonnes are outlined at less than 0.06 grams/MT Au.

Earlier this spring, there was some discussion to raise enough money to drill both SGV and KC this fall. And Kelly Creek at one point was the priority but for some reason, they switched focus to SGV as funds were limited to only one drill program.

I am not sure why SGV was prioritized but I am guessing it could be because Kelly Creek is most likely and Upper Plate lower grade deposit and because Newmont has checkboard staked the same area and they don’t want to do all the expensive dirty work to confirm a discovery there which potentially extends to Newmont’s claims.

The program at SGV is 100% NGE’s and it is targeting a Lower Plate deposit which tend to be higher grade and more profitable to mone.

But don’t listen to me. I am not a geologist. I am a novice investor who happens to be long a decent chunk of NGE shares waiting patiently for the first set of assays, a program update, and the plan for 2019 that vectors in on the source of the gold in ground water anomalies at SGV.

ShellsRFun69
Bullboard Posts