Basin Uranium (CSE: NCLR) has added a second significant property to its profile with the signing of a definitive agreement to acquire the Wray Mesa property.
Wray Mesa is comprised of 301 unpatented lode claims totaling 6,219 acres located in San Juan County, Utah. The property is contiguous to and adjoins Energy Fuel’s fully-permitted and production-ready La Sal project, which includes a number of past-producing uranium and vanadium mines.
There has been a significant amount of past exploration, with over 495 holes drilled dating back to the late 1970s, which have identified multiple mineralized zones across the property. Additionally, the historical exploration never evaluated these mineralized zones for their vanadium potential, which in the district average between 5:1 and 6:1 vanadium to uranium.
This acquisition is definitely an exciting development for Basin Uranium and adds strength to the company’s project portfolio. Looking forward to hearing what the company plans for the project.
$NCLR.c is currently trading at $.445 and is valued at an MCAP of $10.5M.
https://ceo.ca/@newsfile/basin-uranium-signs-definitive-agreement-for-wray-mesa