NOI approval means we should see drilling news from NCLR The approval of Basin Uranium’s (CSE: NCLR) NOI to drill the Wray Mesa Project is a big step for the micro-cap uranium explorer.
The Wray Mesa project consists of 308 unpatented lode claims totaling 6,282 acres. 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.
NCLR.c is trending along support at ~$.165 following a big sell off last week, currently trading at $.17. The company is presently valued at $4.13 million.
https://ceo.ca/@newsfile/basin-uranium-receives-approval-for-notice-of-intent