Vanadian Energy Corp V.VEC.H

Uracan opens its season of exploration

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https://nordest.canoe.ca/webapp/sitepages/content.asp?contentid=146741&id=1267&classif=Nouvelles

Uracan opens its season of exploration


President of the mining exploration company, Gregg Sedun, wanted to demonstrate that the work done to the highest industry standards.

"We are here to show everyone that we drill, we are exploring, to the highest standards, to show in Quebec that we are working in safe conditions," said Mr. Sedun. It is the first such operation for the enterprise that has never had to convince the citizens of other provinces of the safety of its operations.

After two years of exploration, drilling 180 holes, 53,000 meters of core ore, the company discovered some 43 million tons of uranium in the area. Eventually, Uracan intending to operate a surface mine, but to complete the project, she must discover at least 60 million tons and to be profitable, the pound of uranium should sell between $ 50 and $ 60 on market. This means a minimum of two additional years of exploration.

Safe

According to the Chief Geologist of the camp, Marc Simpson, the sun is more dangerous to health than the rock found in the Mingan. The concentration of uranium in the granite of the region varies between 0.005% and 0.012%. "The rock that we extract is the same seen on the surface. It has the same radiation levels as the rock around us, "said Simpson.

For the geologist, exploration poses no danger, nor in level of radioactivity, or the level of radon. He said he is much more risky to work in underground mines. Outdoors, radon dissipates quickly and explorers wear respirators during drilling.

"He said many things in recent months on health hazards and others. You know, it's more than 50 years that uranium mining in Saskatchewan. We do that extracting the ore, and it is between 10 and 100 times less concentrated on the North Shore. In Saskatchewan, they are under 25 times the acceptable limit of permissible exposure to radioactivity. That means that the level here is minimal and insignificant, "said Yvan Loubier, hired by Uracan to represent Quebec.

Briefings

Loubier took the occasion to announce a series of briefings will be held during the fall to answer questions from the public. Uracan attempt to bring in international experts to reassure Minganois.

Thirty workers will make prospecting for Uracan this summer. To come so far, only 55 of 1,000 km2 of the property of the company have been explored. According Loubier mine project, if realized, will not the day before at least eight years. It stresses that almost 450 jobs could be created for several generations