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Energy Fuels Announces Significant Maiden Resource Estimate for its Alta Mesa ISR Project
Energy Fuels Announces Significant Maiden Resource Estimate for its Alta Mesa ISR Project ...
About this update from Energy Fuels Inc.
[{"type":"text","content":"\n\n\n\nEnergy Fuels Announces Significant Maiden Resource Estimate for its Alta Mesa ISR Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEnergy Fuels Announces Significant Maiden Resource Estimate for its Alta Mesa ISR Project\nCanada NewsWire\nLAKEWOOD, CO, Aug. 2, 2016\n\n\n\n\n\n\nLAKEWOOD, CO, Aug. 2, 2016 /CNW/ - Energy Fuels Inc. (NYSE MKT: UUUU; TSX: EFR) (\"Energy Fuels\" or the \"Company\"), a leading producer of uranium in the United States, is pleased to announce that it has received an independent technical report (the \"Technical Report\") containing a current mineral resource estimate for its 100%-owned Alta Mesa ISR Project located in Brooks and Jim Hogg Counties, Texas, including the Alta Mesa and Mesteña Grande deposits and exploration targets (\"Alta Mesa\"), in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"NI 43-101\").  According to the Technical Report, Alta Mesa holds a total of 1.6 million tons of measured and indicated mineral resources with an average grade of 0.111% U3O8 containing 3.6 million pounds of uranium, along with 7.0 million tons of inferred mineral resources with an average grade of 0.121% U3O8 containing 16.8 million pounds of uranium.  In addition, the technical report identifies certain exploration targets at Alta Mesa that includes 2.6 million tons of mineralized material with an average grade of 0.08% - 0.123% U3O8 containing 4.1 to 6.6 million pounds of uranium.  These mineral resources further add to Energy Fuels' industry-leading, U.S.-based uranium resource portfolio.\n\nPlease note that the tonnages, grades and contained pounds of uranium for the exploration targets should not be construed to reflect a calculated mineral resource estimate (measured, indicated or inferred).  The potential quantities and grades for exploration targets are conceptual in nature, and there has not been sufficient work completed to date to define an NI 43-101 compliant resource.  Furthermore, it is uncertain if additional exploration will result in an...