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BASIN URANIUM CORP. (CSE: NCLR) is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company has acquired the Great Divide Basin Uranium Project in Wyoming and submitted a permit application for exploration drilling at the South Pass Uranium Project. Basin Uranium also has five advanced-stage uranium projects in the United States and one in Northern Saskatchewan, Canada, along with the CHG gold project in British Columbia.
Basin Uranium Corp. (CSE: NCLR) has received approval from the Bureau of Land Management's Rock Springs Field Office for its Plan of Operations at the South Pass uranium project in Wyoming. The approval is subject to posting a reclamation bond with the Wyoming Department of Environmental Quality. The plan includes 51 drill holes and over 30,000 feet of exploratory and confirmatory drilling.
Basin is now proceeding with requests for proposals from contractors for future exploration at South Pass. The company is encouraged by Uranium Energy Corps.' agreement to acquire Rio Tinto's Wyoming assets, including the Sweetwater uranium processing plant with a 4.1-million-pound licensed capacity. This development is seen as positive for the Great Divide Basin's future as a uranium producing hub.
Basin Uranium Corp. (CSE: NCLR) has provided an update on permitting for its flagship Chord uranium project in South Dakota. The company has completed six surveys including wildlife/raptor, vegetation, and cultural resource surveys on both State Section 36 and adjacent USFS lands. Next steps include hosting an onsite meeting for interested Tribes and Tribal members to finalize cultural resource surveys before submittal to the State Historic Preservation Office (SHPO).
The permitting process is expected to culminate in a public consultation period, a hearing by the South Dakota Board of Minerals, and the paying of an assurance bond, with these steps anticipated to be completed between Q4/2024 to Q1/2025. Basin Uranium is working collaboratively with various agencies to achieve the most expedient timeline possible for its Chord project.
Basin Uranium has started field surveys at its Chord uranium project in South Dakota. The company is performing a Special Status Plant Species Survey (SSPSS) via BKS Environmental Associates. This survey covers both state and federal lands to gather data for environmental impact analyses under NEPA and state regulations. CEO Mike Blady emphasized the company's commitment to environmentally safe exploration and low-impact in-situ recovery of uranium. The program aims to meet high state and federal permitting standards to facilitate future drilling activities.
Basin Uranium Corp. (CSE: NCLR) has submitted a permit application for additional drilling and ISR (in-situ recovery) testing at its Chord uranium project in South Dakota. The new permit covers drilling 17 holes, totaling approximately 9,000 feet, with goals to upgrade the NI 43-101 Inferred Resource to Measured & Indicated, expand mineralization at October Jinx, and conduct pump tests. This follows their April 30th permit announcement for a 640-acre section. The exploration aims to de-risk the project, expand resources, and evaluate potential for a low-cost ISR operation.
Basin Uranium announced the submission of a permit application for exploration drilling at the South Pass Uranium Project in Wyoming. The project covers 3,020 acres with 151 unpatented mineral lode claims. It is supported by RESPEC Consulting and aims to execute up to 47 drill pads and 30,000 feet of drilling. The goal is to confirm and extend uranium mineralization from historical data. Expected permit approval is in Q3 2024, enhancing Basin Uranium's ability to advance multiple projects concurrently. The South Pass project shows promise for in-situ recovery methods based on past exploration data.
Basin Uranium has filed an NI 43-101 mineral resource estimate (MRE) for its Chord uranium project in South Dakota. The report, prepared by BRS Engineering, details inferred resources of 2.75 million pounds of U3O8 at an average grade of 810 ppm. The estimate is based on data from 431 of over 1,247 historical drill holes.
Future exploration targets at the Chord Project have the potential to yield an additional 1.42 to 4.23 million pounds of U3O8. The project's hydrogeology suggests potential for in-situ recovery (ISR) methods. The Chord Project covers 3,640 acres and lies within a historically mined district.
Basin Uranium will increase exploration efforts and assess ISR viability for deeper sands. Additionally, the company has increased its budget with Plutus Invest & Consulting for strategic consulting services.
Basin Uranium has acquired the Great Divide Basin Uranium Project in Sweetwater County, Wyoming through direct staking. The project includes 104 unpatented mineral lode claims over 1,880 acres, contiguous with Premier American Uranium's Cyclone Project. The area, historically explored since the 1950s, contains significant uranium potential, with nearby Explorations indicating up to 12.6 million lbs of U3O8. Wyoming is the top uranium-producing state in the US, with over 270 million lbs of uranium reserves. This acquisition marks Basin Uranium's second project in Wyoming, promising a clear pathway for permitting and development.
Basin Uranium Corp announces the acceleration of the expiry date of outstanding share purchase warrants in accordance with the policies of the Canadian Securities Exchange. The price of the Company's common shares triggered the obligation to accelerate the expiry date of the warrants, with the new expiry date set for June 16, 2024.
Basin Uranium Corp. announced the maiden mineral resource estimate at its Chord Uranium Project in Fall River County, South Dakota, USA. The estimate includes 2.75 Mlb U3O8 at an average grade of 810 ppm over 8.5 feet, based on 431 drill holes. The company has delineated exploration targets, with potential resources ranging from 1.42 to 4.23 Mlb U3O8. The project aims to confirm, expand, and upgrade resources, with a focus on ISR-amenable mineralization. The Chord Project is strategically located near enCore Energy's advanced Dewey-Burdock ISR uranium project. The company plans to further explore the project area and assess ISR viability. The Qualified Person for the MRE is Mr. Carl Warren, P.E., P.G.
Basin Uranium Corp. applauds the US Senate's decision to ban Russian enriched uranium imports, recognizing the importance of domestic energy security. The company emphasizes its commitment to developing US uranium assets amidst a shifting focus towards US-based supply sources.
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