Uranium Resources Inc. is showing its commitment to New Mexico as it begins plans to drill in the Grants mineral belt. They have contacted Stewart Brothers Drilling Co. of Milan, to help with the drilling, which would help evaluate the viability of the property for recovery mining.
The company had received an exploration permit from the New Mexico Mining and Minerals Division in November 2008 to drill on Section 13 property in Ambrosia Lake. The permit which was renewed in July 2010 allows Uranium Resources to drill up to 10 holes for extracting core samples until November 2011.
URI President and CEO Don Ewigleben said in a news release that the Stewart Brother’s expertise in the region’s geology, their reputation for quality work and the experience they have in the Grants Mineral belt makes them the ideal choice to go with. The property of Section 13 is located in McKinley County.
Uranium Resources Inc is a Texas based company which has produced more than 8 million pounds of uranium through in-situ recovery in Texas. This is a modern mining technique that uses small wells to pump up uranium rich ground water to the surface.
New Mexico holds the second largest uranium ore reserves in the United States, behind Wyoming. However, no uranium has been extracted from new Mexico since 1998.