Date: Oct 16, 2018
October 15, 2018 (Source) — United Battery Metals Corp. (CSE: UBM, OTC PINK: UBMCF, FWB: 0UL) (“United Battery Metals” or the “Company”) is pleased to announce that it has more than tripled its original land position in the Wray Mesa region from approximately 900 acres to over 3,000 acres. The Wray Mesa project, located on the Colorado Plateau is situated in westernmost Colorado and eastern Utah and is located within the vanadium-rich Uravan Mineral Belt in the Colorado Plateau. Wray Mesa is also situated within the prolific La Sal Creek Mining District, a district well-known for its anomalously-high vanadium to uranium ratios.
The Company’s initial Wray Mesa land position included 45 claims totaling 900 acres in Montrose County, Colorado. Newly-acquired claims, through staking, include more than 90 claims in Utah and an additional 17 claims in Colorado. This brings the total land package to more than 3,000 acres, all of which is a contiguous land holding and 100% held by the Company. The staking follows a complete review and compilation of all historical data available for the Wray Mesa, which led the Company to identify new areas for further exploration.
The configuration of the land package has a dominant east-west orientation, parallel to the mineralization trend of the La Sal Creek Mining District and extending westward toward the town of La Sal and La Sal Junction. It has long been known that the vanadium occurrences in the La Sal Creek Mining District have an east-west orientation and this new land acquisition takes advantage of that trend and targets two areas of known historical mineralization that have not been mined.
In these newly-acquired claims, there is an area of mineralization named ‘Whiskey’. Historic drill intercepts at Whiskey included 5 feet of 0.98% U3O8 equivalent (in drill hole WM-260-80) and 1.5 feet of 2.40% U3O8 equivalent in drill hole WM-376-80. Uranium is used as a very helpful proxy in the search for vanadium on Wray Mesa as the ratio of vanadium to uranium is typically 6:1. Holes drilled in 2007 and 2008 by Anthony Kovschak intersected 3.0 feet of 0.45% eU3O8 and 2.0 feet of 0.26% eU3O8 in the immediate vicinity.
