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Ur-Energy Completes Technical Report on Shirley Basin Uranium Project
LITTLETON, Colo. , Aug. 28, 2014 /CNW/ --  Ur-Energy Inc. (TSX:URE, NYSE MKT:URG) (...
About this update from Ur-energy Inc.
[{"type":"text","content":"\n\nLITTLETON, Colo., Aug. 28, 2014 /CNW/ -- Ur-Energy Inc. (TSX:URE, NYSE MKT:URG) (\"Ur-Energy\" or the \"Company\") is pleased to announce the completion of a Technical Report for its Shirley Basin Uranium Project in Carbon County, Wyoming.  This report discloses an initial uranium resource estimate for the Project of 8,816,000 pounds U3O8 of Measured and Indicated Resources, averaging 0.23% eU3O8.   There are no material differences in the resources between this Technical Report and an earlier disclosure in our Press Release dated July 22, 2014.\n\n\nWestern Water Consultants, Inc., d/b/a WWC Engineering, was retained by the Company and its subsidiary, Pathfinder Mines Corporation (PMC), to oversee and supervise preparation of this Technical Report, in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).  Mr. Benjamin J. Schiffer, P.G., WWC Engineering, is the independent Qualified Person for the report.\n\nThis uranium resource analysis is based upon approximately 3,200 historic delineation drill holes (1.2 million feet of drilling) completed by PMC prior to its 1992 termination of mining operations in the Shirley Basin Mining District. The results of Ur‐Energy's confirmation drilling program, completed in May 2014, are also included in the analysis. PMC's historic drilling was focused on two resource areas that fall within the boundaries of the existing mining permit. These resource areas were identified as the FAB Trend and Area 5. As a result of the close‐spaced drilling in these resource areas (a 100‐ft grid of drill holes), 83% of the resources fall under the Measured Resource classification. Also because of the high drilling density at the site, there are no reported Inferred Resources. The average depth to the top of resources is 312 feet below the ground surface.\n\nShirley Basin Project – July 2014 Resource Summary\n\n\n\n\nRESOURCE\n\nAREA\n\n\nMEASURED\n\n\nINDICATED\n\n\n\nAVG GRADE\n\n% eU3O8\n\n\nSHORT TONS\n\n(X 1000)\n\n\nPOUNDS\n\n(X 1000)\n\n\nAVG GRADE\n\n% eU3O8\n\n\nSHORT TONS\n\n(X 1000)\n\n\nPOUNDS\n\n(X 1000)\n\n\n\nFAB\n\nTREND\n\n\n0.280\n\n\n1,172\n\n\n6,574\n\n\n0.119\n\n\n456\n\n\n1,081\n\n\n\nAREA 5\n\n\n0.243\n\n\n195\n\n\n947\n\n\n0.115\n\n\n93\n\n\n214\n\n\n\nTOTAL\n\n\n0.275\n\n\n1,...