Vancouver — A new zone of uranium mineralization has been identified by Western Prospector Group (WNP-V) on its Saddle Hills project in northeastern Mongolia.
The Nemer zone emerged from a 24-hole drill program testing a northwest-trending fault-bounded graben that forms a 2.5-km-long by 100- to 300-metre-wide secondary basin within the Saddle Hills basin. Initial hole 7006 intersected 7.3 metres (from 271.7 metres down-hole depth) grading 0.23% U3O8, including a 3.4-metre section of 0.43% U3O8. Hole 7016, collared on a section about 400 metres northward, cut 4 metres of 0.3% U3O8.
Uranium mineralization is associated with the upper layers of a basal conglomerate but also occurs in the bounding faults of the graben. Higher grades occur in a pair of horizontal “cigar-shaped” zones.
Nemer is located about 22 km northeast of Western Prospector’s main Gurvanbulag deposit, which the company is advancing towards prefeasibility, and about 6 km northwest of the Mardaigol deposit, which was also recently drilled.
Previous Russian drilling saw more than 70 holes on roughly 200-metre centres over the Nemer area, defining the graben boundaries and intersected mineralization of up to 1.03% U3O8 across 1.7 metres. A historic resource estimate (not compliant with National Instrument 43-101) came in at 1.8 million tonnes of 0.17% U3O8, or about 6.6 million lbs.
The company also reports dewatering of underground workings at Gurvanbulag has now been completed to the 260-metre level. After some rehabilitation and ventilation work has been completed, underground sampling of the mineralized zone will begin.
Gurvanbulag, which was previously brought to the production stage, hosts an inferred resource of 4.2 million tonnes at 0.245% U3O8 (about 22.7 million contained pounds U3O8). Mineralization is associated with a sediment and volcaniclastic sequence immediately overlying granitic basement rocks.
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