#Encore energy uranium plus#

The success of this exploration program has been made possible through the recently acquired access to more than 1,500 drill logs and historical geological data from Mobil Energy Minerals Company, Moore Energy Corporation and URI, Inc. Twelve deeper exploration holes, totaling 7,380 feet, were designed to test for uranium bearing sands below the known shallow mineralized sands at Rosita South. The addition of more drill rigs will increase the pace and breadth of both our delineation of known mineralization and exploration of these deeper mineralized sands.' 'The potential of multiple stacked uranium mineralized units can be compared in concept to oil and gas where there are commonly multiple pay zones (oil and gas bearing units) in a producing well or in many gold systems where near surface gold deposits overlay one or more deeper-rooted structures or units with gold mineralization. The results indicate enhanced potential for further uranium mineralization not only from the previously known shallow deposits but more importantly the virtually untested numerous stacked mineralized sands underlying the licensed production area,' said William M. 'We are pleased with the initial results from the on-going drill programs which have been designed to expand known mineralization at Rosita South and explore for new deposits at depth. To view the project map and geologic section. Delineation drill results established an extension of mineralization in the Production Area which supports the start-up of the Rosita Plant expected next year.

#Encore energy uranium plus#

The exploration drilling has identified 8 mineralized sands plus an additional 4 potentially mineralized sands, all within 800 feet of the surface, which provide opportunities for discovery of future uranium resources across the entire Rosita project.

32 drill holes reported for a total of ~11,000 feet including 20 delineation drill holes and 12 exploration drill holes.

Management team and board with unrivaled experience in the permitting, development, and mining of ISR uranium deposits in the USA.Highlights of the Rosita South uranium delineation and exploration drill programs include:.

Well positioned to benefit from America's nuclear renaissance, which boasts bi-partisan political support and.

Large uranium resource endowment in New Mexico including the Marquez-Juan Tafoya project, for which a recent preliminary economic assessment was published and the Crownpoint and Hosta Butte.

Recently published preliminary economic assessment for the Gas Hills project in Wyoming.

Advanced stage Dewey Burdock development project in South Dakota with key federal permits issued.

Two licensed ISR production facilities and multiple potential satellite exploration and development projects in South Texas.

Creation of a top-tier American uranium in-situ recovery ('ISR') mining company with multiple assets at various stages of development.

Additional details may be found in the Azarga information circular. The Exchange Ratio implied consideration of $0.71 per Azarga common share based on the closing price of the enCore common shares on the TSX Venture Exchange Under the terms of the Agreement, Azarga shareholders will receive 0.375 common shares of enCore for each Azarga common share held (the ' Exchange Ratio') subject to adjustment asĭescribed in the information circular.