Powertech Targets Prospects in South Dakota, Wyoming

One year after jumping into the uranium business and assembling a portfolio of U.S. uranium properties amenable to in situ leaching, Vancouver-based junior Powertech Uranium (PWE-V, PWURF-O) has kicked off a drilling campaign at its Dewey Terrace project in eastern Wyoming.

The drilling is intended to pick up where Powertech left off last autumn, when it halted drilling on the property upon acquiring an extensive database created by Teton Exploration beginning in the 1970s, including one drill intercept of 10.5 ft. grading 0.19% U3O8.

In April, drilling will begin at Powertech’s Dewey Burdock project, in Wyoming, with three goals: to collect samples for metallurgical testing; to install a well pattern in both the Fall River and Lakota host sandstones for pump tests and hydrological evaluations; and to upgrade and expand existing resources.

Powertech pegs Dewey Burdock’s historical inferred resource at 7.6 million lbs. contained U3O8 at an average grade of 0.21% U3O8.

In northeastern Wyoming, Powertech owns the Aladdin uranium project, where drilling is slated to get under way in the coming months.

There, Powertech has an exploration permit for 60 drill holes and will again tap into Teton’s database to help direct the upcoming work.

Powertech says this historic data, with 589 drill-hole logs, revealed high-grade mineralization including drilling intercepts of 6 ft. averaging 0.695% U3O8 and 6 ft. of 0.504% U3O8.

Powertech also holds the Centennial project in Colorado, acquired last October from Anadarko Land Corp., an affiliate of Anadarko Petroleum (APC-N).

Centennial comprises 23.3 sq. km of uranium mineral rights in Weld Cty., which were discovered and evaluated by Anadarko predecessor Rocky Mountain Energy.