World News: 00:30 GMT Wednesday 15th May 2019. [Western Uranium & Vanadium Corp. via Globe Newswire via SPi World News]
TORONTO and NUCLA, Colo., May 14, 2019 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or ”Company”) updates the status of the Sunday Mine Complex (the “SMC”) Vanadium Project (the “Project”). Funding for the Project was completed in April and Project planning has been ongoing. The SMC is comprised of five individual permitted and developed mines in Western Colorado.
Western now has assembled the personnel and resources to open the Sunday Mine Complex. Historic geological and mining data, as well as mine maps from past operations are being studied, while the team completes final ventilation requirements. Western will start the Project at two mines - the Sunday Mine and the St. Jude Mine. The first underground work is expected to commence in June.
After mine opening, vanadium ore samples will be delivered to vanadium processors and users around the world. The focus of the current Project is to define the high-grade vanadium deposit. Underground drilling, in addition to bulk sampling, will be used to determine the vanadium resource. Historically, the SMC yielded a 6-to-1 vanadium-to-uranium ratio.
To oversee the Project, Dr. Kaiwen Wu has been added to the Western team as Chief Geologist. Dr. Wu is a preeminent expert on conventional sandstone hosted vanadium/uranium deposits with extensive experience in the Colorado/Utah Mineral Belt. Notably, Dr. Wu previously completed an in-house geological evaluation of the Sunday Mine Complex. Formerly, Dr. Wu spent a decade working for Energy Fuels in a Senior Exploration Geologist capacity where he oversaw uranium and vanadium exploration, geologic data compilation and evaluation, and the resource estimate and technical reporting process. Dr. Wu received his Ph.D. in Geological Science from the University of Texas at El Paso under a doctoral program involving extensive geologic mapping and culminating in a dissertation on the Proterozoic tectonic evolution of Colorado’s Needle Mountains.
As Western continues to advance the Project, additional milestones and updates will be provided to shareholders and investors.
Western Uranium & Vanadium Corp. is a Colorado based uranium and vanadium conventional mining company focused on low cost near-term production of uranium and vanadium in the western United States, and development and application of ablation mining technology.
Globe Newswire: 00:30 GMT Wednesday 15th May 2019
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