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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

Post by Westcoastwalkeron Feb 17, 2023 12:45pm
369 Views
Post# 35292360

Trading for peanuts?//

Trading for peanuts?//

CONCLUSION: Considering that 11,000 meters of drilling was sufficient for the initial resource estimate of 1.34 million ounces of gold at Blackjack/Eiger, there is a real chance that the 10,000 meters of drilling now planned can significantly expand and, if successful, possibly even double that resource estimate. Since the previous season, geologists have developed a much better geological picture of the gold deposits on the project. Therefore, it is likely that the new drilling will be even more targeted, which could increase its efficiency. As a reminder, in the higher-grade Blackjack zone, 20 drill holes have been sufficient to define 900,000 ounces. Blackjack to the west and Eiger to the east are about 2 km apart. The thesis Sitka plans to test with the upcoming drilling is: Is the entire corridor between the two discoveries mineralized? At the latest, if Sitka can convince investors that the Blackjack, Saddle (in the middle) and Eiger deposits will merge into one project, its days as a micro-cap are likely numbered. Currently, Sitka is trading at just CAD 20 million in market value. We also look forward to news from Sitka's Carlin-style Alpha Gold discovery in Nevada. Samples should be back from the lab soon.

 

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