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sxr Uranium One Increases Uranium Resource at the Dominion Project, South Africa
sxr Uranium One Increases Uranium Resource at the Dominion Project, South Africa.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\n\nSEC Exemption No. 82-4831\nTrading Symbol: SXR - The Toronto Stock Exchange\n\nTORONTO, ON and JOHANNESBURG, South Africa, Jan. 3 /CNW/ - sxr Uranium\nOne Inc. (formerly Southern Cross Resources Inc.) (the \"Corporation\") is\npleased to report that it has received a revised mineral resource estimation\nfor its Dominion uranium project in South Africa which shows a significant\nincrease in indicated and inferred uranium resources, and a 50% increase in\nthe indicated uranium resource grade.\n\nRevised Mineral Resource Estimate\n\nThe revised mineral resource estimate shows a uranium resource at\nDominion of 16,121,000 pounds in the indicated category and 146,608,000 pounds\nin the inferred category. This represents a 65% increase in indicated\nresources and a 29% increase in inferred resources over the estimates\ncontained in the October 20, 2005 amended independent technical report on the\nDominion property prepared by SRK Consulting (available on SEDAR). The revised\nresource estimate shows a gold resource at Dominion of 346,000 ounces in the\nindicated category (a 12% increase from the 310,000 ounces previously\nreported) and 2,213,000 ounces in the inferred category (a 6% increase from\nthe 2,093,000 ounces previously reported). In all cases, mineral resources\nhave been reported in accordance with the classification criteria of the South\nAfrican Code for Reporting of Mineral Resources and Mineral Reserves (the\nSAMREC Code).\nThe table below summarizes the revised resource estimate by category:\n>\n%SEDAR: 00005203E\n\n\n","length":19560,"tagName":"div"}]