Magnum Issues NI 43-101 Compliant Uranium Resource on the Deep Gold Portion of its San Rafael Project, Utah
Magnum Uranium Corp. ("Magnum") (TSX VENTURE:MM) is pleased to announce that it has completed, and filed with SEDAR, a National Instrument Policy 43-101 ("NI 43-101") Mineral Resource Technical Report for the "Deep Gold" deposit portion of its San Rafael Uranium Property, Emery County, Utah. The Deep Gold Mineral Resource Report estimates an indicated mineral resource of 1,536,900 pounds of U3O8 contained in 282,600 tons at an average grade of 0.272% eU3O8 and an additional inferred mineral resource of 78,200 pounds of U3O8 contained in 24,000 tons at an average grade of 0.163% eU3O8. Ownership percentages of the Deep Gold Resource are subject to the terms of the joint venture agreement outlined in the NI 43-101 document. The following table is a summary of the Indicated and Inferred resource using a 0.20 G x T cutoff (2.5 feet of 0.008% eU3O8).
- Published: 18 September 2008
- Written by Editor