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C2C Gold Acquires Codroy Uranium Project in SW Newfoundland
Vancouver, British Columbia – TheNewswire - August 21, 2023: C2C Gold Corp. (CSE:CTOC) (the “Company” or “C2C”) announced today the staking of two new uranium b
About this update from Urano Energy Corp
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - August 21, 2023: C2C Gold Corp. (CSE:CTOC) (the “Company” or “C2C”) announced today the staking of two new uranium bearing mineral licences in the Codroy Valley of southwest Newfoundland, known as the Codroy Uranium Project. The licences, covering an area of 2,825 ha, were selected due to presence of seven documented uranium occurrences located along a major radiometric high. The Codroy Uranium Property is approximately 50 km north of Port aux Basque, Newfoundland. This acquisition draws on the expertise of C2C’s management team in exploration for sandstone-hosted uranium deposits in the western United States. The style of low-grade uranium mineralisation within extensive, organic-rich siliciclastic rocks is similar to sandstone-hosted uranium districts in the western United States. These districts have produced significant amounts of uranium from conventional and low-impact, low-cost in-Situ Recovery (ISR) operations. The potential for ISR amenable uranium mineralisation has never been evaluated in the Bay St. George Sub-basin. Based on regional maps the widespread nature of the noted uranium occurrences and the volume of potential host-rock is significant in this area and could represent an economic uranium target. ISR is a globally accepted extraction process to remove uranium with wellfield technology, eliminating the need for open pit or underground mining. Chris Huggins, Chief Executive Officer of C2C Gold, stated: “The extensive nature of the prospective stratigraphy in the Codroy Valley is impressive. Anomalous uranium has been identified during previous exploration programs but has never been properly evaluated. The near surface nature of the prospective host-rocks and shallow water-table suggest that uranium deposited in thick sedimentary sequences may be amenable to In-situ recovery* in southwestern Newfoundland. With the nuclear renaissance well underway, C2C is excited to evaluate the potential of our first uranium project.” The Codroy Uranium Project Previous work in the area was focused primarily on red-bed copper potential of the Bay St. George Sub-basin, but also identified a strong correlation between high-grade copper and strongly anomalous uranium coincident with an airborne radiometric anomaly within the Codroy Uranium Property. Shell Oil geologis...