GEOLOGY
Previous operators estimated a resource of 2 million tons containing 0.045% or 0.9 pounds per ton which would equal 1,800,000 pounds U3O8.
The deposit is open along strike to the northeast and southwest and down dip to the southeast. Company has 2,700 acres under lease on Monmouth Project.
Additional claims totaling 6,300 acres under lease regionally. Total acreage under lease: 9,000 acres.
Uranium crystals are disseminated in an altered limestone (skarn) with a thickness 15-60 feet
Skarn horizon mapped for a length of 6000 feet. 1500 feet of the strike length has been explored to some detail.
All drill holes cut uranium mineralization ranging from 1/10 pound to over 6 pounds of uranium per ton.
Previous operators estimated a resource of 2 million tons containing 0.045% or 0.9 pounds per ton which would equal 1,800,000 pounds U3O8.
The deposit is open along strike to the northeast and southwest and down dip to the southeast. Company has 2,700 acres under lease on Monmouth Project.
Additional claims totaling 6,300 acres under lease regionally. Total acreage under lease: 9,000 acres.
Skarn horizon mapped for a length of 6000 feet. 1500 feet of the strike length has been explored to some detail.
All drill holes cut uranium mineralization ranging from 1/10 pound to over 6 pounds of uranium per ton.
