C2C Metals stakes another US uranium project
CSE-listed C2C Metals has acquired its second US uranium project acquired through claim staking.
Identified and drilled by URADCO in 1981, the Blue Jay mine project lies in San Juan county, Utah, and is located in the La Sal uranium district, which is recognised as the second most significant uranium producer in the Utah-Colorado region.
"The Blue Jay mine project is C2C's second uranium project as we continue to delve into the private mining database. The Blue Jay is another excellent example of high-value uranium properties that have been neglected for over 40 years.
Having access to an extensive database allows C2C to capitalise on previous work that has outlined very promising areas with significant uranium mineralisation. The project's mineralisation remains open along trend to the west and offers excellent exploration potential," said CEO Chris Huggins.
The Blue Jay mine’s claims are located near three historic uranium-producing mines, including the Rattlesnake mine - one of the top four past-producing uranium/vanadium mines in the La Sal district.
The project area is also within, or adjacent to, the largest favourable channel trend in the western part of the La Sal uranium mining district, Utah, which hosts many of the largest uranium deposits in the La Sal district.
The claim area saw extensive drilling by URADCO, a subsidiary of Pennsylvania Power and Light (PPL), with some drill sites still visible today. Using URADCO's drill results from 22 holes, in March 1981, Atlas Minerals' chief mining engineer prepared a preliminary economic evaluation for Atlas' president of a deposit on the property estimating about 110 000 lb triuranium octoxide (U3O8), at an average grade of about 0.25% U3O8, at depths of 330 ft to 360 ft.
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