OTCQB:UEXCF - Post by User
Post by
Ashamanon Aug 09, 2019 5:39am
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Post# 30009741
Summary of most recent CEO Corner video
Summary of most recent CEO Corner videoLink to video: https://youtu.be/5n3BCfP8iME
In short
- West Bear = Resource has grown substantially. Currently working on completion of 43 N 101.
- Christie Lake = Interim results received from resistivity survey are showing some intriguing targets. Drilling will commence later in the summer, after receiving + based on the final results of the survey.
- Hidden Bay = Looking for opportunities, taking the knowledge on basement deposits & cobalt deposits which havent been looked at before at Hidden Bay. Team looking at the vast core library, hence the reason why the video has been recorded at Hidden Bay.
UEX spending FY2019:
- 2/3 cobalt, 1/3 uranium
- Next 2 year key focus & spending CAD on the uranium exploration, working further on Christie Lake & Hidden Bay.
- Emphasize on UEX being a uranium exploration company
Focus areas during next uranium bull market (which they too anticipate):
- Horseshoe Raven deposit, which is the most advanced.
- Continue to grow the resource base at Christie Lake by expanding the targets around the deposit.
- Encouraging continue working with partner Orano to get Shea Creek moving forward. UEX is minor party but believes Orano considers Shea Creek as valuable asset as well.