Business
Torado Vanadium & Uranium Project: La Sal West Property Highlight
VANCOUVER, BC / ACCESSWIRE / May 16, 2019 / Alba Minerals Ltd. ("Alba") (TSX - Venture: AA / ...
About this update from Avventura Resources Ltd.
[{"type":"text","content":"Torado Vanadium & Uranium Project: La Sal West Property HighlightVANCOUVER, BC / ACCESSWIRE / May 16, 2019 / Alba Minerals Ltd. (\"Alba\") (TSX - Venture: AA / Frankfurt: A117RU / OTC: AXVEF) is pleased to highlight the La Sal West Property which is adjacent to several historic discoveries and mines, namely the Rattlesnake Mine which is 3.5 km southeast of the La Sal West Property. The Property is approximately 5 km from the La Sal Complex operated by Energy Fuels Inc. where they are currently running a test mining program targeting vanadium production.The La Sal West Property is located in San Juan County, Utah. It consists of 176 vanadium and uranium lode claims with an approximate area of 3,625.6 acres (1,467 hectares) and about 20 miles (32km) southeast of Moab, Utah. The property is near the junction of US Highway 191 and Utah Highway 46 and can be easily accessed via dirt roads and 4-wheel drive trails leading off the highways. Figure 1 - Proximity of developed mines to the La Sal West Property. (To view the full-size image, please click here)The Property occurs on the La Sal Trend and is in close proximity to numerous mines in the area which have been past producers as shown on the image in Figure 1. Energy Fuels Inc. (\"EFR\") owns and operates the nearby La Sal Complex which is comprised of a series or uranium and vanadium mines including the Beaver, Pandora, La Sal, Energy Queen and Redd Block Projects. The Beaver and Pandora mines are fully permitted and developed and were in production as recent as 2012. A technical report dated March 25, 2014 (http://www.energyfuels.com/wpcontent/uploads/2016/04/La_Sal_Technical_Report_March_25_2014.pdf) estimates a measured and indicated mineral resource of 21,500,000 pounds of vanadium at and average grade of 0.94% V2O5 and 4,500,000 pounds of uranium at an average grade of 0.18%.According to a release dated April 1, 2019, EFR is currently producing high-purity vanadium product at commercial rates from the pond solutions at the White Mesa Mill, which is the only conventional vanadium processing facility in the United States. Additionally, EFR has continued their conventional vanadium test-mining program at the La Sal and Pandora mines and has announced their expectation to deploy these new mining techniques at full production rates once EFR decides to go back into full production ...