Exploration Projects
Permitted Mines »
| Property Name | Generalized Location | Claims | Acres | Historic U3O8 Grades | Remarks |
|---|---|---|---|---|---|
| Whirlwind Mine Area | |||||
| Whirlwind Mine | Unpatented BLM Mining Claims; Mesa County, Co. and Grand County, Utah | 57 | 1,140 | 0.30% | Fully permitted and rehabilitated mine (Morrison Fm); currently on Stand-by. NI 43-101 compliant (Measured+Indicated) resource of 1,003,322 lbs U3O8 and 3,293,338 lbs V2O5 plus Inferred Resources of 2 million lbs U3O8 and 6.47 million lbs V2O5. Considerable potential for expansion. See filed 43-101 report for details. |
| Far West | Unpatented BLM Mining Claims; Mesa County, Co. and Grand County, Utah | 114 | 2,280 | 0.28% | Included Above |
| Crosswind | Unpatented BLM Mining Claims; Mesa County, Colorado | 45 | 900 | 0.28% | Not Included Above NI 43-101 compliant (Measured & Indicated) resource of 92,100 lbs U3O8 and 305,100 lbs V2O5. |
| Utah State Sec. 16 | Utah State School Trust mineral lease; Grand County, Utah. | 320 | 0.28% | Included Above | |
| Energy Queen Mine Area | |||||
| Energy Queen Mine | Private land and minerals, San Juan County, Utah | 702 | 0.32% | Fully permitted mine (Morrison Fm); currently on Stand-by. NI 43-101 compliant (M+Ind) resources of 1,395,885 lbs U3O8 and 6, 029,640lbs V2O5 plus Inf. Resources of 366,250 lbs U3O8 and 1,804,460 lbs V2O5. Considerable potential for expansion. See 43-101 report for details. | |
| Redd Sec. 25/36 T28S R23E | Private land and minerals, San Juan County, Utah | 320 | 0.31% | Exploration project near the Energy Queen Mine-along the Morrison channel trend. | |
| Utah St. Lease — ML 49313 | Utah State School Trust mineral lease; San Juan County, Utah | 484 | 0.31% | Western Extension of Energy Queen trend. Resources are included above in Energy Queen 43-101 Report. | |
| Utah St. Lease — ML 51440 | Utah State School Trust mineral lease; San Juan County, Utah | 160 | 0.31% | Exploration project near the Energy Queen Mine-along the Morrison channel trend. | |
| RM/Judas/Rattlesnake | Unpatented BLM Mining Claims; San Juan County, Utah | 42 | 780 | 0.31% | Exploration project contiguous with the Energy Queen Mine-along the Morrison channel trend. |
DOE Lease Tracts »
| Property Name | Generalized Location | Claims | Acres | Historic U3O8 Grades | Remarks |
|---|---|---|---|---|---|
| C-SR-16A | Slick Rock Hill, San Miguel County, Colorado | 585 | 0.29% | Historic producing area; low-priority Morrison exploration project. | |
| C-AM-19 | Atkinson Mesa, Montose County, Colorado | 663 | 0.203% | Holds historic King Solomon Mine (in conjunction with several other mines on the lease, produced in excess of 6,000,000 lbs U3O8 and 30,000,000 lbs V2O5). Remaining (Non-43-101 compliant) resources are estimated at 400,000 lbs U3O8 and 2.16 million lbs V2O5. | |
| C-AM-19A | Atkinson Mesa, Montrose County, Colorado | 1.204 | 0.25% | Adjacent to large historic producer, King Solomon Mine. The AEC estimated resources (Non-43-101 compliant) of up to 1,500,000 lbs U3O8 in the Morrison Fm. when the tract was first offered for bid in 1974. | |
| C-AM-20 | Atkinson Mesa, Montrose County, Colorado | 627 | 0.27% | Located in a prolific historic producing district. The AEC estimated resources (Non-43-101 compliant) of up to 800,000 lbs U3O8 in the Morrison Fm. when the tract was first offered for bid in 1974. | |
| C-CM-24 | Club Mesa, Montrose County, Colorado | 201 | 0.25% | Active exploration project for uranium-vanadium deposits in the Salt Wash Member of the Morrison Formation; joins Henry Claims. | |
| C-G-26 | Calamity Mesa, Mesa County, Colorado | 3,989 | 0.37% | Adjacent to a good historic producer (New Verde Mine). Drill indicated resources (Non-43-101 compliant) of 397,000 lbs U3O8 and 1,622,600 lbs V2O5in the Morrison Fm. Active exploration project. | |
| C-G-27 | Outlaw Mesa, Mesa County, Colorado | 1,766 | 0.33% | Located in a prolific historic producing district. Drill indicated resources (Non-43-101 compliant) of 336,200 lbs U3O8 and 1,513,100 lbs V2O5in the Morrison Fm. |
Magnum Uranium Properties »
| Property Name | Generalized Location | Claims | Acres | Historic U3O8 Grades | Remarks |
|---|---|---|---|---|---|
| Utah | |||||
| San Rafael (Green River) BM Claim group | Unpatented BLM Mining Claims and Utah School mineral lease, Emery County, Utah | 181 | 4,260 | 0..225% | Historic producing district (Snow, Probe, and other mines) from the Morrison Formation. Two NI 43-101 compliant deposits combine for 3,404,600 lbs U3O8 M+Ind. and 1,859,600 lbs Inf., plus 4,595,600 lbs. V2O5 M&I and 2,510,600 lbs. V2O5 Inf. |
| Cedar Mtn. MUC Claim Group | Unpatented BLM Mining Claims and Utah School mineral lease, Emery County, Utah | 29 | 1,220 | 0.05% | Non-compliant 43-101 resource estimate of approximately 2.2 mm lbs in the upper part of the Morrison Fm. Low-priority exploration project. |
| Wyoming | |||||
| 35-75 Project PACO Claims | Unpatented claims and two private leases (Two ranches and PacifiCorp) in Converse County, Wyoming. | 26 | 1,160 | 0.12% | Known stacked roll front deposits in the Wasatch and Fort Union Formations with a potential (non-43-101 compliant) of 1,000,000+ lbs U3O8. Adjacent to Cameco's Smith Ranch ISL uranium operation. |
| Wild Buck HP Claims | Unpatented claims with private surface (PacifiCorp) in Converse County, Wyoming. | 18 | 365 | 0.07% | A roll front deposit in the Fort Union with an estimated (non-43-101 compliant) 350,000 lbs U3O8. It is open-ended on both ends with excellent potential to expand. |
| Turnercrest WIMR Claims | Unpatented claims, some with private surface, private lease and a State lease in Converse and Campbell counties, Wyoming. | 25 | 1,395 | 0.10% | Exploration project for roll front deposits in the Wasatch and Fort Union Formations. Covers 1.5 miles of known redox front with shallow past production. |
| Wyoming St lease 0-41203 | 640 | ||||
| New Mexico | |||||
| Martinez Canyon MAG & YESO claims | Unpatented claims on USFS land in Rio Arriba County, NM. | 18 | 360 | 0.11% | Jackpile member of the Morrison Formation drill-indicated deposit (non-43-101 compliant) of about 700,000 lbs U3O8, still open-ended. |
| Canada | |||||
| Two contiguous and one outlying mineral claims in NE Athabasca Basin; 75 km NW of McClean Lake and Rabbit Lake, Saskatchewan | Stony Road- Saskatchewan | 3 | 31,713 | Geology, geophysical, geochemical, structural, and other core-drill data suggest prospective host rocks occur for unconformity-type uranium deposits 500-600m deep. | |
Joint Venture Properties »
| Property Name | Generalized Location | Claims | Acres | Historic U3O8 Grades | Remarks |
|---|---|---|---|---|---|
| West Lisbon JV | |||||
| DAR and RAD Claims-West Lisbon | Unpatented BLM Mining Claims; San Juan County, Utah | 94 | 1,880 | 0.30% | Historic drill-indicated mineralization occurs in the Moss Back Member of the Chinle Formation. Low-priority exploration project. |
| Colorado Plateau Partners JV | |||||
| Spud Patch (LG and LH claim groups) | Unpatented BLM Mining Claims and private surface land-San Miguel County, Colorado | 19 | 380 | 0.15% | Active exploration area for Morrison potential near historic producing mines. Grades of past production exceed 2% V2O5. |
| Sage Plain-Utah State Leases | Utah State School lands; San Juan County, Utah | 94 | 2,013 | 0.17% | 4 Utah State leases totalling 2,013 acres. One lease has historic resource of 345,000 lbs U3O8 and 2.7 million lbs V2O5 (non-43-101 compliant). Includes the Sage Mine, historically operated by Atlas Minerals, with remaining resource of 228,000 lbs U3O8. |
| SR-12 | Unpatented BLM Mining Claims - San Miguel County, Colorado | 641 | 0.18% | Located in historic Spud Patch district. Historic grades 0.18% U3O8 and 1.92% V2O5 . 10:1 ratio V2O5:U3O8. Remaining historic resources of 156,000 lbs U3O8 and 1.5 million lbs V2O5 (non 43-101 compliant). | |
| Callaham | Private Lease - San Juan County, Utah | 320 | 0.21% | Historic producing mine in Sage Plain area. Remaining resources (non 43-101 compliant) of 520,000 lbs U3O8 and 3,47 million lbs V2O5 at 1.4%. | |
Other Exploration Properties »
| Property Name | Generalized Location | Claims | Acres | Historic U3O8 Grades | Remarks |
|---|---|---|---|---|---|
| Torbyn Mine-Tenderfoot Mesa | Unpatented BLM Mining Claims; Mesa County, Colorado | 70 | 1,400 | 0.31% | Historic producer (Morrison Formation); active exploration for potential reactivation. NI 43-101 compliant resource of about 89,300 lbs U3O8 and 323,100 lbs V2O5. See the filed 43-101. Drilling since the report was filed added about 43,100 lbs U3O8 and 161,100 lbs V2O5(non-43-101 compliant). |
| HC Claim Group-Calamity Mesa | Unpatented BLM Mining Claims; Mesa County, Colorado | 45 | 900 | 0.36% | Historic producer(Morrison Formation-New Verde Mine), active exploration in conjunction with DOE lease tract G-26 for potential reactivation. |
| Henry et al Claim Group-Club Mesa | Unpatented BLM Mining Claims; Montrose County, Colorado | 20 | 400 | 0.25% | Exploration project for uranium-vanadium deposits in the Salt Wash Member of the Morrison Formation; joins DOE lease tract CM-24. |
| Willhunt | Unpatented BLM Mining Claims; San Miguel County, Colorado | 13 | 260 | 0.20% | Continuation of the channel trend of a nearby historic Morrison producer (Denison's Sunday-Carnation mine complex). NI-43-101 compliant resources (M+Ind) of 484,000 lbs U3O8 and 2,420,000 lbs V2O5. See the filed 43-101 report. Additional 66,000 lbs U3O8 and 330,000 lbs V2O5(non-compliant) was added by drilling after the report was filed. |
| Farmer Girl | Both patented and unpatented BLM Mining Claims; Montrose County, Colorado | 19 | 235 | 0.24% | Historic producer (Morrison Formation); active exploration for potential reactivation. NI 43-101 compliant resource of about 74,200 lbs U3O8 and 371,100 lbs V2O5(plus non-compliant Inf. Resources of 135,000 lbs U3O8 and 495,000 lbs V2O5). See the filed 43-101. Lease includes 5 Cliffdweller claims in San Miguel County, low priority explorarion project. |
| Arths Pasture | Unpatented Mining Claims on US BLM land and Utah STILA mineral lease, Grand County, Utah | 92 | 1,840 | 0.25% | Historic drill-indicated mineralization (~96,000 lbs U3O8 non-compliant) occurs in the Moss Back Member of the Chinle Formation. Low-priority exploration project. |
| Yellow Cat-Ethan Group | Unpatented BLM Mining Claims and Utah State School mineral lease, Grand County, Utah | 32 | 640 | 0.26% | Historic drill-indicated mineralization occurs in the Salt Wash Member of the Morrison Formation. Low-priority exploration project. Non-compliant M+Ind resource estimate of 206,000 lbs U3O8 and 833,600 lbs V2O5. |
| May Pie Group | Unpatented BLM Mining Claims, San Miguel County, Colorado | 118 | 2,360 | 0.19% | Explorartion project for uranium-vanadium deposits in the Salt Wash Member of the Morrison Formation. Includes several past producing mines in the Hamm Canyon District. Non-compliant resources of 40,000 lbs U3O8 and 250,000 lbs V2O5. Inferred resources of 100,000 lbs U3O8 and 850,000 lbs V2O5. |
| Utah State Lease ML-49596 |
2 miles West of Energy Queen Mine | 640 | Located at Western End of La Sal Trend. Has small historic producing mines with known remaining resources (not yet quantified). |