Uraninite-Jul 20

Crosshair Energy has started its 2012 drilling programme at its wholly owned Juniper Ridge Uranium Project in Wyoming, US, after receiving environmental clearance and land approval.

The company received the approval from the Bureau of Land Management (BLM) and Wyoming Department of Environmental Quality (WYDEQ) to add 149 exploration, delineation and infill boreholes to its 2011 notice of intent to drill at the Juniper Ridge project.

As part of the first phase of the drilling programme, Crosshair energy will drill holes totaling approximately 24,300ft to delineate open mineralisation trends, bolster uranium resource certainty and investigate potential additional resources in areas previously not covered by the company.

Mark Ludwig, Crosshair Energy president and CEO, said: "Building on the strong drilling results of 2011, we expect the 2012 programme to significantly enhance our resource base and build a database to support our application for a source materials license application."

The current programme aims to verify more of the historic geological resources which range from 5.2 million tonnes grading 0.067% U3O8 totaling 6.97 million pounds of uranium to 8 million tonnes grading 0.056% U3O8 totaling 9.9 million pounds.

The company will submit documents for the addition of the remaining boreholes planned for the 2012 season as part of the second phase, after completing the first phase at the project, which comprises 197 federal lode claims and one state mineral lease totaling 4,710 acres.

GAA Wireline is carrying out wireline logging utilising conventional total gamma and supplemented by Prompt Fission Neutron (PFN) logging in mineralised zones to identify mineralised zones and measure the uranium concentration of each zone.

Crosshair’s five-year Plan of Operations (POO) has been reviewed by the BLM, which is preparing an Environmental Assessment (EA) to supplement the plan and provide the basic contours of expected environmental impacts of mine development.

Image: Uraninite is the most common ore mined to extract uranium and is also known as pitchblende. Photo: courtesy of Kgrr.