Jul 25 2019
Western Uranium & Vanadium Corporation has provided an update on the status of its Sunday Mine Complex Vanadium Project. Of the five mines at the Sunday Mine Complex, four have been initiated to essentially evaluate the vanadium resources that were not previously mined.
Once the mining team finishes the ventilation requirements and ascertains the mines are risk-free to fully enter, Dr Kaiwen Wu, the Company’s Chief Geologist, detected four initial areas with high vanadium readings on the X-Ray fluorescence analyzer (XRF).
Sampling from the surface of the mine operation exhibited V2O5 grades ranging between 3% and 14%. The high-grade vanadium zones will be widely sampled right away to find predicted production grades.
Apart from the independent vanadium zones in the mines, multiple high-grade uranium zones averaging between 1% and 2% U3O8 have been detected. Following further sampling, a drill program will be developed to mark the initial areas to be mined once the production starts.
The uranium Section 232 petition submitted by many US uranium firms has not yet led to a division or protection for US manufacturers. However, Western Uranium & Vanadium can compete with the low-cost manufacturers across the world owing to its vanadium and uranium coproducts, high-grade resources, and developed and permitted mines.