As the world’s dependence on fossil fuels is questioned, uranium—which powers nuclear plants—is seeing increased popularity. This junior miner believes they have a potential source of this valuable metal.
Consolidated Uranium Inc. (TSXV: CUR) commenced new work on the Laguna Salada Project in Argentina, the first work at the site since 2012. Per the company’s press release, they believe that the project provides potential to outline additional uranium and vanadium mineralization.
The company noted they were encouraged by some of the high reported historical uranium and vanadium grades at La Rosada, which geologists confirmed on recent field visits through the widespread presence of high scintillometer counts and corresponding visible carnotite (a uranium-vanadium mineral) in shallow pits. The historic results and field verification conducted indicate that La Rosada has the potential to host extensive, and as yet undiscovered, zones of shallow caliche-hosted uranium and vanadium mineralization.
Shares were trading down at $2.595 in late morning trade
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