URANIUM MINING – Normal mining resumes at Rabbit Lake

SASKATCHEWAN - Normal mining actives have resumed at the Rabbit Lake uranium operations ahead of schedule, accordin...

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SASKATCHEWAN - Normal mining actives have resumed at the Rabbit Lake uranium operations ahead of schedule, according to 100% owner CAMECO CORP. of Saskatoon. The mine, located in the Athabasca Basin, suffered an unplanned inflow of water beginning in late November 2007.

Immediately after the water began rising, crews sealed off the affected areas with concrete bulkheads. At the same time, employees determined an old exploration drill hole was the source of the problem. It has been permanently sealed, eliminating the source of the water. However, the new bulkheads will also be permanently sealed as a precaution.

The Rabbit Lake mill, which produces 12 million lb of uranium oxide per year, is the second largest in the world. Additional information is available at www.Camceo.com.

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