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U3O8 Corp. Reports the Start of Geophysical Test Work on its Laguna Salada Uranium-Vanadium Deposit
U3O8 Corp. Reports the Start of Geophysical Test Work on its Laguna Salada Uranium-Vanadiu...
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[{"type":"text","content":"\n\n\n\nU3O8 Corp. Reports the Start of Geophysical Test Work on its Laguna Salada Uranium-Vanadium Deposit\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\n\nCanada NewsWire\nTORONTO, Jan. 30, 2018\n\n\n\nTORONTO, Jan. 30, 2018 /CNW/ - U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) (\"U3O8 Corp.\" or the \"Company\") reports that a trial has commenced to test the effectiveness of geophysics to detect channels at the base of the gravel layer at its Laguna Salada Deposit (\"Deposit\" or \"Property\") in Argentina.  Exploration elsewhere on the Property has shown that channels contain higher-grade uranium-vanadium mineralization that could further improve the positive economics of the Deposit.\n\nGeophysics ProgramThe NI43-101 resource at Laguna Salada was based principally on a one-metre thick layer of uranium-vanadium bearing gravel that extends from surface to a maximum depth of only three metres.  Exploration that was completed following the resource estimate, revealed a second layer in which uranium and vanadium are confined to channels at the base of the gravel.  The second layer contains generally higher uranium-vanadium grades that may result in the estimated cash-cost of production being even lower than for the near-surface material on which the preliminary economic assessment (\"PEA\") was based (Figure 1).  \n\n\n\nTrials are underway to determine the effectiveness of Electrical Resistivity to detect these buried channels.  The test work is being done in an area within the Laguna Salada Deposit where drilling detected channels that contain higher-grade mineralization.  The test work is expected to be completed in mid-February, and if successful, a more extensive geophysical program will be considered to provide specific targets for exploration by pitting with an excavator. \n\nUpdate on Proof of Concept WorkHaving studied the test work on which the PEA was based, and after spending three weeks in Argentina, Mr. John Rae has selected and ordered the equipment required to separate the fine-grained uranium-vanadium from the pebbles in Laguna Sal...