NCLR.c receives NOI approval for Wray Mesa. Big news yesterday for Basin Uranium (CSE: NCLR). The company has announced the receipt of approval for its Notice of Intent to drill the Wray Mesa Uranium Project in eastern Utah.
The Wray Mesa project consists of 308 unpatented lode claims totaling 6,282 acres of wholly-owned and optioned claims contiguous to and adjoining Energy Fuel's fully-permitted and production ready La Sal project, which includes a number of past-producing uranium and vanadium mines.
Initial drilling will focus on the Ajax and Dylan mineralized bodies with 49 holes permitted between the two mineralized areas, including drill road access and site preparation. Basin is in the final stages of preparing for the upcoming drill program and will provide updates in the coming weeks as the project approaches mobilization.
Really looking forward to seeing what drilling yields for this property, as NCLR has huge rebound potential right now. Shares are currently retesting all-time lows after a big sell off, currently trading at $.16.
NCLR.c is currently valued at $3.89 million.
https://ceo.ca/@newsfile/basin-uranium-receives-approval-for-notice-of-intent