Matoush resource tops 3M lbs.

An initial resource calculation for the AM-15 Zone on the Matoush uranium project shows a small but fairly high-grade uranium deposit on the project.

Consulting firm Scott Wilson Roscoe Postle, contracted by owner Strateco Resources (RSC-T, SRSIF-O), assigned estimates to four lenses in the Matoush Fault Zone, based on a 44-hole database of drilling and analysis. Two of the four lenses have 201,000 tonnes of indicated resources, grading an average 0.79% U₃O₈. Inferred resources in all four of the lenses amount to 65,000 tonnes at 0.43% U₃O₈.

The indicated resource totals 3.5 million lbs. U₃O₈.

The largest lens is the Main Lens, with 164,000 tonnes grading 0.87% U₃O₈ in indicated resources and 36,000 tonnes grading 0.54% in inferred resources. The South Lens is the other zone with an indicated resource, amounting to 37,000 tonnes grading 0.4% U₃O₈.

The estimate used a cutoff grade of 0.05% U₃O₈ and capped all analyses at 7% U₃O₈. To be included in the estimate, intersections had to have a minimum true width of 2 metres.

The resource calculation did not included the nearby AM-8 zone, and there are a number of other mineralized intersections around AM-15 that have not been thoroughly investigated.