From uec nyse
PROJECT OVERVIEW
The West Ranch Project consists of approximately 7000 acres made up of lode mining claims, private leases and mineral deeds in northwestern New Mexico, on the northwest end of the historically uraniferous Ambrosia Lake trend of the Grants Uranium District. The property was drilled by United Nuclear Corporation and more recently, by Kerr McGee. Historical wide-spaced drilling across the property indicates the presence of several northwest-southeast trending uranium mineralized zones within the Morrison Formation at average depths of 800 feet. The property reportedly contains an historic resource of 2.6 million pounds of e-U3O8 at an average grade of 0.172%. The resources stated are historical in nature. Recent independent verification of the data has not yet been performed. The Company has not completed sufficient exploration to verify the historical resource estimate.
PG
Big resource big grades - upon confirmation will also add significant value.
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