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Uranium Energy Corp Discovers Additional Mineralization in Production Area 1 and Installs Monitor Wells in the 2019 Burke Hollow Drilling Campaign
2019 drilling campaign advances Burke Hollow Project towards uranium extraction with additional monitor well installations Discovery of additional mineralizatio
About this update from Uranium Energy Corp.
[{"type":"text","content":" 2019 drilling campaign advances Burke Hollow Project towards uranium extraction with additional monitor well installations Discovery of additional mineralization in new and existing trends enlarges the PAA-1 production zone Expansion of the PAA-1 monitor well ring to be completed in 2020, adding to the seventy-six monitor wells installed in this campaign CORPUS CHRISTI, TX, Nov. 5, 2019 /CNW/ - Uranium Energy Corp (NYSE American: UEC, the \"Company\" or \"UEC\") is pleased to announce that the Company recently concluded a drilling campaign designed to further advance its Burke Hollow in-situ recovery (\"ISR\") uranium project towards uranium extraction. During the campaign, additional required monitoring wells were installed for Production Area Authorization 1 (\"PAA-1\"). Fifty-seven exploration and delineation test holes were drilled in the campaign. Discovery of additional mineralization resulted in the expansion of the production area into significant extensions of previously identified trends, as well as the discovery of a new trend. Andrew Kurrus, the Company's VP of Resource Development stated, \"We are pleased with our recently completed 2019 drilling and monitor well installation campaign at Burke Hollow. Exploration and delineation drilling have resulted in the discovery of additional mineralization that will create a larger PAA-1 production zone. With each drilling campaign, the project continues to exhibit positive results\". UEC's 2019 Burke Hollow Project drilling campaign began on Monday, March 11th, with two contract drilling rigs, related support equipment and field crews. The initial objectives of the campaign were to install all classes of monitoring wells required for PAA-1, including exterior monitor wells, all required 1st overlying and 2nd overlying monitors, and baseline monitoring wells. This resulted in the of installation of 76 monitor wells as summarized below: Forty-three monitor wells were drilled and cased; Twelve 1st overlying sand monitor wells were drilled and cased; Seven 2nd overlying monitor wells were drilled and cased; and Fourteen baseline monitor wells were drilled and cased, including 4 pre-existing monitor wells from earlier drilling campaigns. Initial plans also included drilling at least thirty additional exploration and delineation holes along several lightly drilled...