Waseco Resources reports Areva completes $2 million earn-in
Mon, Nov 2, 2009
Waseco Resources reports that it has received notice from Areva and its wholly owned subsidiary UraMin that it has met its $2,000,000 earn-in requirement.
During the 2009 summer campaign, AREVA deployed 45 people and a drill to explore in detail 1/3 of the Du Portage Property. It also carried out prospecting and stripping in the northern 1/3 of the Property as well as a re-interpretation of some of the historical work carried out by Eldorado following the discovery of the Bravo uranium showing and 8 anomalous boulder fields.
Areva’s Quebec President, Nicolas Fehrenbach states:
“The work completed over the past 2 years on the Du Portage Property has increased our regional understanding of the uranium circulation within the various rock formations. This information will be of great assistance in identifying the possible areas of uranium concentration. We look forward to further developing our working relationship with Waseco.”
For full details of this press release, click this link.
Uranium Investing News researchers discovered Waseco’s project described on their website.
Uranium Investing News researchers discovered Areva’s projects described on their website.
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Tags: Areva, u308, UraMin, Uranium, uranium historical values, uranium industry, uranium investing, uranium sector, uranium values, Waseco, waseco resources
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