Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Editor's Pick

Licence Application Granted for Ulytau Uranium Project

C29 Metals Limited (“C29” or the “Company”) is pleased to announce that its application for the northern tenement has been granted in 48 calendar days.

HIGHLIGHTS

C29 Metals has received notification that’s its application for the northern tenement for the Ulytau Uranium Project located in Kazakhstan has been granted.The tenement granting process has been completed in 48 calendar days further demonstrating the efficiency of the Government agencies and their support for the Company’s activities.The northern tenement sits to the north of the Ulytau Uranium Project tenement and immediately north of the historic Bota Burum Uranium mine.The northern tenement is interpreted as having a similar mineralised trend to that of the existing Ulytau Project area1.C29 Metals will immediately commence the exploration approval process for this new northern tenement.The approval for the Company’s planned exploration drilling programs at the Ulytau Uranium Project is at an advanced stage & is on track.

The Northern application sits to the north of the Ulytau Uranium project tenement and immediately North of the historic Bota Burum Uranium mine. The Northern licence application area is ~39 km2.

The northern tenement is interpreted as having a similar mineralised trend to that of the existing Ulytau Project area1.

C29 Metals Managing Director, Mr Shannon Green, commented:

“Another very exciting step in executing our stated strategic plan for rapid growth with this highly prospective application being granted in such a rapid timeframe. Continuing to demonstrate the positive operating environment in Kazakhstan and the support the Company is receiving”.

Figure 1 below shows the interpreted mineralised uranium trend with the newly granted tenement.

Project Location and History

The Ulytau Uranium Project is located in the Almaty Region of Southern Kazakhstan approximately 15 km southwest of the Bota-Burum mine, one of the largest uranium deposits mined in the former Soviet Union. Exploration for uranium has been carried out in the area since 1953. Production of Uranium at the Bota Burum mine next to the village of Aksuyek commenced in 1956 and continued until 19912.

Total mined reserves of Bota Burum are quoted at 20,000 tonnes of Uranium (44 million pounds)2,3.

Click here for the full ASX Release

This post appeared first on investingnews.com
Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartsuccessstrategy.com