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Drill Campaign May Re-ignite Utah Uranium Mining Growth

Talk about lousy timing. Within the summer of 1980, exploration supervisor Clancy Wendt, then working for Phillips Uranium, a subsidiary of the oil firm, had three rigs and a crew drilling mile centers in Utah’s Thomas mountain range. They drilled between 60 and 70 holes, over each square mile, in search of altered versus unaltered rock to point uranium. One of those drill holes encountered 0.05% U3O8 over a a hundred-foot thickness at a depth of 900 feet. Shortly thereafter, Clancy Wendt was transferred to the corporate’s minerals division, Phillips drilled a couple of more holes, and oh, by the way, there had been an accident about 2,000 miles away close to Middletown, Pennsylvania, at a place known as Three Mile Island. Utilities stopped constructing reactors and the uranium exploration enterprise came to a grinding halt.

Phillips Petroleum got out of the minerals business, and Clancy Wendt went on to discover the Mt. Hamilton gold deposit within the Carlin Trend for another firm. However that drill gap about a hundred and fifty miles southwest of Salt Lake Metropolis by no means stopped bugging him. “When you find one thing, you always remember that,” Wendt told StockInterview.com. “I used to be working with it day and evening. That was my venture.” And it is his venture once more in the present day.

After a twenty-odd-yr hiatus, Wendt staked 540 acres of the property, which had been abandoned, after which optioned the 27 claims to Max Resource Corp (TSX: MXR; OTC BB: MXORF) for what each events called a reasonable sum. Since then, Max Useful resource Corp staked round these claims, and elevated the corporate’s land position to 195 lode claims comprising 3,900 acres in the Thomas Mountain range. “We staked the complete caldera rim,” Wendt defined, “as a result of that is precisely where I think the uranium goes to be, within that rim or within the moat inside that rim.” Wendt is now the vice president of exploration for Max Useful resource Corp.

Max Useful resource Corp President Stuart Rogers is sort of thrilled with the upcoming exploration of the caldera rim that he hopes will yield an financial grade of uranium, “It is felt that the caldera was the supply of the mineralization for the close by Yellow Chief uranium mine.” A caldera is a big crater formed by volcanic explosion or by the collapse of a volcanic cone. “This is one that didn’t get on the radar display screen as a result of it just had the one ore grade gap on it before they stopped exploration,” Rogers defined concerning the PPCO claims. “Clancy was one of many few guys who knew about it.”

The Geological Significance
Who would have remembered Utah’s Yellow Chief, a uranium mine defunct for the reason that early 1960s It was a small producing open pit mine of lower than a hundred,000 metric tons with a grade of 0.20 – zero.23 percent U3O8 in the middle of a desert in a mountain range. Delta, the closest city, is 20 miles away with a inhabitants of 3209, according to the last census. Uranium could be the final thought on anyone’s mind. About 1.5 miles west at Spor Mountain is the world’s largest financial beryllium deposit, owned by Brush Wellman (NYSE: BW).

Like enriched uranium, beryllium is high up on the U.S. authorities’s classified checklist. Beryllium is a strategic materials utilized in most sophisticated U.S. weapon systems, used to manage reactors on nuclear powered submarines and surface vessels, as a triggering system for nuclear warheads, and utilized in steerage, optical and satellite programs for which there aren’t any substitute metals. Evidently, there in all probability will not be a lot environmental challenge in Utah for uranium mining. Clancy Wendt observed, “That is an area that is well-known for mining. All of them want mining to occur. It helps the community. The Brush Wellman mine runs all 12 months long.”

Back to the Yellow Chief mine. Discovered by prospectors in 1953, the ore zone was outlined by rotary drilling in 1955 and open pit mining of tabular ore lenses started in 1959. A lot of the ore was mined by 1962. Stuart Rogers explained, “Most people agree the Yellow Chief stopped production as a result of mineralization was faulted off to the east.” And that is the route the place Max Useful resource Corp is going.

Wendt defined the geology of the caldera, “The age of the mineralization is very young, when in comparison with uranium in Wyoming. It is between 27 and 34 million years. It is discovered throughout the caldera ring of the vent inside a significant vent, which is forty to 50 miles across. Proper at the sting of the circle (it stands out just like a circle on a topography map or land sat image), is where we discovered the mineralization.” Wendt added, “It is postulated that this vent was the supply rock for the Yellow Chief sediments. I hope quite a lot of the ring itself can be mineralized because that’s a pleasant conduit area. It’s an space that’s going to be permeable because it’s alongside the ring fracture of the most important vent.”

David A. Lindsay of the U.S. Geological Survey (Denver) who has written extensively about mineralization in western Utah, wrote in a 1978 report, the place Yellow Chief was mined and where Max Useful resource Corp plans to drill, “Uranium happens in four diverse settings in the Thomas Range:

1. In tuffaceous sandstone and conglomerate on the Yellow Chief mine,
Propylene Equipment2. In beryllium deposits in water-laid tuff,

three. In fluorspar pipes, and
four. In veinlets of opaline silica in volcanic rocks of all ages.”

Wendt, who has talked with Lindsay in regards to the geology at Thomas Mountain, mentioned this about the beryllium tuft, “The mineralization found in our drill gap, I think, is within the beryllium tuff unit. If it is not that unit then it might be the supply.” Wendt additionally defined that background or hint values might be current, however economic values of beryllium can be very unusual. Ore occurs in tuffaceous sandstone that has been correlated with the tuff that hosts beryllium deposits nearby.

Another indicator mineral suggesting uranium mineralization took place by accident on the primary cross two decades in the past. “Once i drove up in my truck and that i started strolling towards the drill rig,” Wendt remembered. “I believed for a minute the drillers had been dumping cottonseed hulls. (Drillers typically use cottonseed hulls to plug up formations that may suck up water.) As a substitute of hulls, I’m looking at this lengthy line of black quartz crystals on the rocks.” Smoky quartz, or black quartz, crystals are formed through pure radiation coming from nearby uranium deposits. That confirmed for Wendt that a uranium deposit was in the neighborhood. “It isn’t an indicator mineral in all techniques, however it’s on this one,” said Wendt.

Reverse Circulation Drilling May Improve Grade
Asked if he would discover uranium during this month’s drill program, Wendt chuckled after answering “Yep.” Why is he sure he would when most geologists pause on questions asking for a assure “Because I discovered it there before,” Wendt laughed. “If I hadn’t drilled the hole there earlier than, I would waffle, too. After the first gap, I don’t promise any guarantees. That’s the one I drilled.” Why check what was as soon as drilled in 1980 “We’ll re-drill to verify the outlet so that it complies with National Instrument forty three-one zero one,” Wendt defined. “Secondly, we need to get a great pattern that we are able to assay.”

His comment about getting a “good pattern” to assay opened the door to the previous drilling, which was mud rotary fashion. Wendt explained how mud rotary drilling was performed over 25 years ago at the current site:

“You’ll dig two pits, like child swimming swimming pools, next to one another, and fill both of them up with water. The rig would begin drilling a gap. Out of the hole would come the fabric that you are grinding. It would go in the primary pit, which could be the settling pond for any of the fabric popping out of the hole. Materials would then movement over into the subsequent gap the place you have obtained your intake hose pumping the water again down into the opening. You would catch your sample popping out of a pipe with a colander (similar to you would for a salad or spaghetti). You’d catch up the bottom up material, and dump a lump of it on the bottom each five toes, constructing 20 piles of fabric in a row – that is 100 ft. And you would just keep plopping them down. When you got to no matter depth you were going to do it to, you’ll stop.”

Wendt agreed this was not a really scientific method in determining grades. “Whenever you dumped it on the bottom, you actually didn’t get a terrific sample for assay,” he laughed. “You’re solely getting the chunky materials. Any of the “actual high-quality” materials” would go through the colander. Wendt is optimistic about establishing a more correct grade from the upcoming drill program, “It should are available in greater.” How will reverse circulation provide a unique grade “With reverse circ, you might be sucking the material proper up out of the middle of the pipe,” Wendt emphasised. “You aren’t dropping the nice material.”

One other purpose for reverse circulation is Wendt believes the system is “probably 6-7 million years outdated and in disequilibrium.” He clarified, “This means that you have a reading on the electronic probe which will provide you with a lower studying than is really there.” Lindsay’s geological survey report points in the identical direction, “Mineralogical and brent crude oil price daily geochemical studies of the (water-laid) tuff have shown it is extensively zeolitized, leached of alkali metals, and prone to have been leached of uranium by floor water, so that the tuff is a potential supply for the uranium at the Yellow Chief mine.”

The historic grade on the Yellow Chief was zero.2 p.c. How would Clancy Wendt really feel if the new drilling introduced in zero.2 “If I had a hundred toes of zero.2, then I’m in heaven. I would have over $100 in my rock. That can be like drilling one hundred toes of 0.Three gold. Would that entice anyone ” He knows it could. Perhaps the timing was bad for Phillips Uranium, however just perfect for a very affected person Clancy Wendt and Max Resource Corp. As a aspect word, and a attainable parallel, there’s now an oil rush in central Utah, in accordance with Associated Press in Salt Lake Metropolis. It appears a tiny Michigan-based oil and fuel exploration company triggered the “oil rush” after a wildcat strike. Earlier than then, the region had a history of irritating oil exploration. Will a uranium discovery by Max Resource Corp set off a 1950’s fashion uranium growth in western Utah

On July 6, 1952, Charlie A. Steen struck the largest deposit of excessive-grade uranium ore in the United States on the other side of Utah. College teachers, insurance coverage brokers, used car salesmen, and shoe clerks around the nation rushed to Utah to hunt their fortune. A gaggle of high school college students staked forty claims, later selling them for $15,000. Within just a few years, almost six hundred producers were transport uranium brent crude oil price daily ore. Employment in the business topped 8,000 employees in the mines and mills. Salt Lake Metropolis was dubbed “The Wall Avenue of Uranium.” The boom ended in 1964 when the Atomic Vitality Fee announced, “It is no longer in the interest of the federal government to expand production of uranium concentrate.” Quite a bit has changed over these three many years.

Since 2001, spot uranium has jumped by greater than 500 percent. Accompanying the brand new uranium upswing, most of the old tasks in Wyoming, New Mexico and elsewhere are being revived. In accordance with a USA At present article published in mid January, “…a new era of prospectors is staking 1000’s of claims within the desert Southwest.” The Utah Geological Survey mentioned more than 6,000 uranium claims have been filed in 2005. Max Useful resource Corp’s uranium mission in Utah could also be a type of price investigating. ALL RIGHTS RESERVED.