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Positive Beneficiation Test Results from the Channel Sands in U3O8 Corp.'s Laguna Salada Uranium-Vanadium Deposit
Toronto, Ontario--(Newsfile Corp. - June 27, 2018) - U3O8 Corp. (TSX: UWE ) ( OTCQB : ...
About this update from Green Shift Commodities Ltd
[{"type":"text","content":"Positive Beneficiation Test Results from the Channel Sands in U3O8 Corp.'s Laguna Salada Uranium-Vanadium DepositToronto, Ontario--(Newsfile Corp. - June 27, 2018) - U3O8 Corp. (TSX: UWE) (OTCQB: UWEFF) (\"U3O8 Corp.\" or the \"Company\") reports that beneficiation test work on soft, channel-fill sands discovered adjacent to the Laguna Salada Deposit (\"Deposit\" or \"Project\", see press release dated January 19, 2017), proved highly successful on two fronts. Firstly, the test work confirmed that uranium and vanadium can be significantly pre-concentrated through scrubbing and screening. Secondly, this simple and cost-effective process is also effective at rejecting minerals that consume the reagents used to leach the metals. Dr. Richard Spencer, U3O8 Corp.'s President & CEO commented, \"Today's results underline the economic potential of the channel sands: in comparison with the gravel on which the preliminary economic assessment (\"PEA\") was based, a higher proportion of the sands' uranium, and a substantially higher proportion of their vanadium, is captured in the fine-grained material that would then be leached to extract these metals. The fundamentals of the vanadium market are good with strong demand from the construction steel industry and rapidly growing demand for vanadium as a battery metal.\" These results represent the second step in a three-step plan to evaluate the economic potential of the sands: the first was to ensure that channels containing the sands can be detected through electrical tomography — and results of that test work, reported last month (see press release dated May 31, 2018), confirm that this geophysical technique works very well at Laguna Salada;the second, to which today's results relate, was to confirm that uranium and vanadium could be pre-concentrated to increase grade and potentially reduce operational costs, and these positive results confirm this; andthe final step is for uranium and vanadium to be leached from the beneficiated sand in the lab — which simulates the metal extraction process and provides detailed data that are critical to production cost estimates.Beneficiation TestThe aim of this test work was to retain the maximum amount of uranium and vanadium while minimizing estimated operating costs by reducing the mass of material that needs to be processed, and by e...