Business
Westwater Resources Announces the Completion of a New Technical Report on the Ambrosia Lake Uranium Project, McKinley County, New Mexico USA
CENTENNIAL, Colo., April 18, 2018 (GLOBE NEWSWIRE) -- Westwater Resources, Inc. – (NASDAQ:WWR) a diversified and growing developer of energy minerals and materi
About this update from Westwater Resources, Inc.
[{"type":"text","content":" CENTENNIAL, Colo., April 18, 2018 (GLOBE NEWSWIRE) -- Westwater Resources, Inc. – (NASDAQ:WWR) a diversified and growing developer of energy minerals and materials, is pleased to announce the completion of a Technical Report on its Ambrosia Lake Uranium Project, which is located in McKinley County in the State of New Mexico. The Technical Report is available on the Company’s website: www.WestwaterResources.net, under Projects/Uranium/New Mexico/Ambrosia Lake. The Ambrosia Lake Uranium Project, which covers an area of approximately 24,555 acres (9,941 hectares) of Company-owned deeded mineral rights, is situated approximately 70 miles (112 kilometers) west of Albuquerque and 20 miles (32 kilometers) north of the town of Grants. The project area covers a significant part of the now-inactive Ambrosia Lake mining district, which has historically been the largest single source of uranium production in the United States. Chris Jones, Westwater Resources’ President and Chief Executive Officer said “This study, and the resulting report, has firmed up our uranium resource base in the important Grants Mineral Belt. Importantly, much of the information came from our extensive database of uranium-related information through the hard work and expertise of our staff.” The Technical Report, which follows the style and format of a Canadian National Instrument 43-101 report, is based upon an internal review, evaluation, compilation and assessment of published information and extensive detailed drill hole data, maps and other reports that are part of the Company’s extensive data set for the Ambrosia Lake district. The Ambrosia Lake Uranium Project is located within the Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. The data that is held within Westwater’s files documents the exploration, definition and operational results of numerous mining companies that operated projects and uranium mines on the Company’s properties, including Homestake Mining Company, Kerr McGee Nuclear, Pathfinder Mines, Ranchers Exploration and Development, Teton Exploration, and United Nuclear Corporation. WWR’s database is one of the most extensive collections of information on the Ambrosia Lake uranium deposits. The Ambrosia Lake Uranium Project Technical Report concludes that the project is of merit and...