- Consolidated Uranium Inc. (CUR) plans an upcoming work program for Laguna Salada Uranium-Vanadium Project
- Permitting and landholder approvals are being pursued within the project area
- The program is expected to include trenching and will follow up on select drilling targets
- Work is expected to begin sometime this month
- Historic exploration work at the property reported high grades of mineralization
- Consolidated Uranium Inc. (CUR) is down 0.38 per cent and is trading at $2.59 per share as of 1:40 p.m. ET
Consolidated Uranium (CUR) has announced plans for an upcoming work program at its Laguna Salada Uranium-Vanadium Project in Argentina.
The company intends to use an “aggressive” exploration program for this year. Permitting and landholder approvals are being pursued to start its systematic program within the project area.
Initially, the program is expected to include trenching and will follow up on select targets by using mechanical excavator trenching and drilling. Work is expected to begin sometime this month.
Terraces of the prospective order of unconsolidated gravels and sands hosting the uranium-vanadium mineralization outcrop over a large area. Historic exploration work at the property has already reported high grades of mineralization.
Philip Williams, CEO of Consolidated Uranium, commented,
“We are excited to commence this program at Laguna Salada which represents the first new work on the project since 2012… Featuring similar geology and mineralization to the area where a historic mineral resources was established at the Guanaco and Lago Seco zones, we believe that La Rosada provides potential to outline additional uranium and vanadium mineralization on the project.”
The company feels encouraged by some of the high-reported historical uranium and vanadium grades at La Rosada. Its geologists confirmed on recent field visits through the widespread presence of high scintillometer counts and corresponding visible carnotite (a uranium-vanadium mineral) in shallow pits.
Consolidated Uranium’s first step will be to systematically define the extent of potential caliche-hosted uranium and vanadium mineralization.
Consolidated Uranium Inc. (CUR) is down 0.38 per cent and is trading at $2.59 per share as of 1:40 p.m. ET.
