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U3O8 Corp. to Test the Efficiency of U-pgrade(TM) Process to Further Concentrate Uranium-Vanadium at its Laguna Salada Deposit
U3O8 Corp. to Test the Efficiency of U-pgrade™ Process to Further Concentrate Urani...
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[{"type":"text","content":"\n\n\n\nU3O8 Corp. to Test the Efficiency of U-pgrade™ Process to Further Concentrate Uranium-Vanadium at its Laguna Salada 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\nU3O8 Corp. to Test the Efficiency of U-pgrade™ Process to Further Concentrate Uranium-Vanadium at its Laguna Salada Deposit\nCanada NewsWire\nTORONTO, Oct. 20, 2016\n\n\n\nTORONTO, Oct. 20, 2016 /CNW/ - U3O8 Corp. (TSX: UWE, OTCQX: UWEFF) (\"U3O8 Corp.\" or the \"Company\") announces that it has requested Marenica Energy Limited (ASX:MEY) to undertake test work to determine the efficiency of its U-pgradeTM technology to generate a richer uranium-vanadium concentrate than that modeled in the preliminary economic assessment on the Laguna Salada Deposit dated September 18, 2014 (the \"PEA\").  This test work constitutes one component of a strategy aimed at reducing the estimated cost of extraction of uranium and vanadium at Laguna Salada.\n\n\"Our Laguna Salada Deposit, in which uranium and vanadium is concentrated in the sandy material between pebbles within a few metres of surface in a flat, gravel plain, affords us opportunities of leveraging the deposit's remarkable simplicity to capture potential production cost savings\" said Dr Richard Spencer, President and CEO of U3O8 Corp.  \"The efficiency of the U-pgradeTM process has led to significant reductions in estimated operating and capital costs in a deposit in Namibia that shares some of Laguna Salada's characteristics. If the Laguna Salada deposit is amenable to this technology, significant capital and operating cost savings could be realized as compared with the PEA estimates, which would substantially improve project's economics and leverage our exploration potential in the region.\"\n\nBeneficiation Characteristics of the Laguna Salada gravel\n\nThe model constructed for the PEA on the Laguna Salada Deposit used the results from metallurgical test work that showed that scrubbing and screening of Laguna Salada gravel resulted in 82% of the deposit's uranium and 33% of its vanadium concentrated in 9% of the gravel's ...