URANIUM EXPLORATION: Matoush project closer to reality

QUEBEC - The Matoush uranium mine belonging to Strateco Resources of Boucherville, QC, is a step or two closer to reality with the granting of underground exploration permits. Both the Canadian Nuclear Safety Commission and the Federal Review Panel South have examined the environmental impact statement for underground exploration and given it the okay with certain conditions that the company is confident it can meet.

Strateco said that once the federal Minister of the Environment receives the comprehensive study report (that includes the EIS) on the underground program, the public will have 30 days to comment on it.

The company believes the Matoush project in the Otish Mountains about 275 km north of Chibougamau is one of the highest grade uranium projects in the world. The deposit contains 436,000 tonnes of indicated resources with an average grade of 0.78% % U₃O₈ and inferred resources of 1.16 million tonnes at 0.50% U₃O₈.

Strateco has listed the FAQs of its underground exploration program on its website, www.StratecoInc.com.