Canadian Mining Journal

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COBALT-NICKEL: UEX releases results of winter resampling at West Bear



 

Core from the West Bear cobalt-nickel deposit in the Athabasca Basin. (Image: UEX Corporation)

SASKATCHEWAN – The final assays are in from UEX Corp.’s winter drilling program at its West Bear cobalt-nickel property in the eastern part of the Athabasca Basin. The company resampled  62 sonic drill holes and 12 historical diamond drill holes.

Highlights from the re-sampling program included the following:

  • Hole UEX-107: 0.81% cobalt and 0.24% nickel over 11.9 metres, including 1.70% cobalt and 0.44% nickel over 5.3 metres.
  • Historical hole WBE-019, returned 0.52% cobalt and 0.47% nickel over 30.3 m, including 1.11% cobalt and 1.35% nickel over 5.5 metres.

UEX said the data from the winter program will be incorporated into the geological database, and the company will soon complete a new interpretation of the West Bear deposit. The deposit has inferred resources of 390,000 tonnes grading 0.37% cobalt and 0.22% nickel, containing 3.2 million lb. cobalt and 1.9 million lb. of nickel. The company is now selecting targets in the Umphervillle area 2 km north of the West Bear deposit.

The West Bear property includes a uranium deposit of the same name discovered in 1976. It is thought to be the shallowest undeveloped uranium deposit in the Athabasca Basin. The cobalt-nickel minerallization is found below the uranium.

More information about both deposits is available at www.UEX-Corporation.com.