- Basin Uranium has acquired the Wolf Canyon Uranium Project in South Dakota
- The property was acquired through direct staking from the company and is made up of 80 unpatented mineral lode claims spanning 1,600 acres
- The project is roughly eight miles east of the company’s flagship Chord Project
- Shares of Basin Uranium are unchanged at C$0.33
Basin Uranium (CSE:NCLR) has added a new property to its portfolio in South Dakota.
In a news release, the Vancouver-based company said it has acquired – through direct staking – the Wolf Canyon Uranium property in Fall River County, South Dakota.
Roughly eight miles east of Basin Uranium’s flagship Chord project, the Wolf Canyon project includes 80 unpatented mineral claims spanning 1,600 acres.
“The staking of Wolf Canyon represents our continued expansion into the USA, focused on acquiring strategic assets located in prolific mining districts with extensive historical exploration,” Mike Blady, CEO of Basin Uranium, said in a statement.
The Wolf Canyon Project lies within the northeast-trending Long Mountain structural zone with uranium mineralization found within the Inyan Kara sedimentary group.
Exploration at the property spans as early as the 1970s with several companies drilling numerous wells at the project. During the 1970s, Union Carbide reported uranium mineralization expansive enough to commission an internal resource.
Basin Uranium is focused on mineral exploration and development in the green energy sector and has three advanced-stage uranium projects in the United States. Its projects include the Chord and Wolf Canyon project in South Dakota, the South Pass project in Wyoming and the Wray Mesa project in Utah.
Shares of Basin Uranium are unchanged at C$0.33.
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