Western Uranium & Vanadium Corp. (CSE:WUC) (OTCQX:WSTRF) (“Western” or ”Company”) updates the status of the Sunday Mine Complex Vanadium Project. Four of the five Mines at the Sunday Mine Complex have been opened to primarily assess the vanadium resources that were not mined in the past.
After the mining team completed the ventilation requirements and determined the mines were safe to fully enter, Dr. Kaiwen Wu, the Company’s Chief Geologist, located four initial areas where the vanadium readings on the X-Ray Fluorescence analyzer (XRF) were high. Sampling from the face of the mine workings showed V2O5 grades ranging from 3% to 14%. The high-grade vanadium zones will now be extensively sampled to determine expected production grades.
In addition to the standalone vanadium zones in the mines, multiple high-grade uranium zones averaging 1% to 2% U3O8 have been located. After additional sampling, a drill program will be developed to delineate the first areas to be mined when production commences.
The uranium Section 232 petition filed by several U.S. uranium companies has not yet resulted in a quota or protection for U.S. producers, Western Uranium & Vanadium will be able to compete with the low cost producers worldwide because of its high-grade resources, vanadium and uranium co-products, and developed and permitted mines.
About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is a Colorado based uranium and vanadium conventional mining company focused on low cost near-term production of uranium and vanadium in the western United States, and development and application of ablation mining technology.
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