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Basin Uranium announced the submission of a permit application for exploration drilling at the South Pass Uranium Project in Wyoming. The project covers 3,020 acres with 151 unpatented mineral lode claims. It is supported by RESPEC Consulting and aims to execute up to 47 drill pads and 30,000 feet of drilling. The goal is to confirm and extend uranium mineralization from historical data. Expected permit approval is in Q3 2024, enhancing Basin Uranium's ability to advance multiple projects concurrently. The South Pass project shows promise for in-situ recovery methods based on past exploration data.
Basin Uranium has filed an NI 43-101 mineral resource estimate (MRE) for its Chord uranium project in South Dakota. The report, prepared by BRS Engineering, details inferred resources of 2.75 million pounds of U3O8 at an average grade of 810 ppm. The estimate is based on data from 431 of over 1,247 historical drill holes.
Future exploration targets at the Chord Project have the potential to yield an additional 1.42 to 4.23 million pounds of U3O8. The project's hydrogeology suggests potential for in-situ recovery (ISR) methods. The Chord Project covers 3,640 acres and lies within a historically mined district.
Basin Uranium will increase exploration efforts and assess ISR viability for deeper sands. Additionally, the company has increased its budget with Plutus Invest & Consulting for strategic consulting services.
Basin Uranium has acquired the Great Divide Basin Uranium Project in Sweetwater County, Wyoming through direct staking. The project includes 104 unpatented mineral lode claims over 1,880 acres, contiguous with Premier American Uranium's Cyclone Project. The area, historically explored since the 1950s, contains significant uranium potential, with nearby Explorations indicating up to 12.6 million lbs of U3O8. Wyoming is the top uranium-producing state in the US, with over 270 million lbs of uranium reserves. This acquisition marks Basin Uranium's second project in Wyoming, promising a clear pathway for permitting and development.
Basin Uranium Corp announces the acceleration of the expiry date of outstanding share purchase warrants in accordance with the policies of the Canadian Securities Exchange. The price of the Company's common shares triggered the obligation to accelerate the expiry date of the warrants, with the new expiry date set for June 16, 2024.
Basin Uranium Corp. announced the maiden mineral resource estimate at its Chord Uranium Project in Fall River County, South Dakota, USA. The estimate includes 2.75 Mlb U3O8 at an average grade of 810 ppm over 8.5 feet, based on 431 drill holes. The company has delineated exploration targets, with potential resources ranging from 1.42 to 4.23 Mlb U3O8. The project aims to confirm, expand, and upgrade resources, with a focus on ISR-amenable mineralization. The Chord Project is strategically located near enCore Energy's advanced Dewey-Burdock ISR uranium project. The company plans to further explore the project area and assess ISR viability. The Qualified Person for the MRE is Mr. Carl Warren, P.E., P.G.
Basin Uranium Corp. applauds the US Senate's decision to ban Russian enriched uranium imports, recognizing the importance of domestic energy security. The company emphasizes its commitment to developing US uranium assets amidst a shifting focus towards US-based supply sources.
BASIN URANIUM CORP. announces the permitting for a drill program at their Chord uranium project in South Dakota. The permit application allows for drilling up to 50 holes totaling 35,000 feet to delineate mineralization in the southern extension of the October Jinx zone. The company aims to expand potentially ISR-amendable uranium mineralization.
