Today's ann from UTO indicates that their Upper Gascoyne prospect in WA holds more surficial calcrete hosted uranium. Based on the distribution of the uranium anomalies, today's ann could more than double the potential carnotite resource in this prospect.
In addition, there remains the potential for unconformity related uranium mineralization in The Morrissey group metamorphics. The Company is planning to test this potential by, "ground radiometric surveys and a shallow percussion/auger drilling programme that will test the presence of additional near- surface calcrete style and potential basement-hosted uranium mineralisation."
UTO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held