The Company Provides an Update on Wyoming Activities to Date
Uranium Energy Corp (OTCBB:URME - News; FWB:U6Z)(BERLIN:U6Z - News) is pleased to announce the acquisition of additional Wyoming State uranium leases in Niobrara County.
The Company has completed leasing of 1,275 acres in Niobrara County, Wyoming from the State of Wyoming. This acquisition was a result of data generated from Uranium Energy Corp’s recent Brenniman Database acquisition. The Company’s review of Brenniman historical data in the lease area showed eleven (11) uranium exploration holes were drilled during 1975-76 for a total of 9,300 feet. Results of drilling indicated strong alteration in the Lakota formation of the Inyan Kara Group and the potential for uranium mineralization. Additionally, a survey of oil and gas wells in the adjacent area, with gamma logs to near surface, showed significant gamma anomalies in API units. Read more » »
December 30th, 2006 | No Comments »