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 downhole 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 adjacent to the bounding faults.
Nemer is located about 22 km northeast of Western Prospector’s main Gurvanbulag deposit, where the company is advancing towards a prefeasibility study, and about 6 km northwest of the Mardaigol deposit that was also recently drilled.
Past 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, non-NI43-101-compliant, resource estimate came in at 1.8 million tonnes of 0.17% U3O8 or about 6.6 million contained lbs. of yellowcake.
The company also reports dewatering of underground workings at Gurvanbulag has now been completed to the 260-metre level. Following some rehabilitation and establishment of ventilation, underground sampling of the mineralized zone will be undertaken.
Gurvanbulag, that 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 lbs. of U3O8). Mineralization is associated with a sediment and volcaniclastic sequence immediately overlying granitic basement rocks.
Be the first to comment on "Western Prospector hits new uranium zone at Saddle Hills"