Amblayo
Amblayo Property Highlights- 100% interest in >48,000 hectares surrounding the past-producing Don Otto mine (CNEA)
- Concessions cover 60+ kilometres of mine stratigraphy with nine known significant uranium occurrences
- Surface chip sampling above underground workings at Mina Emmy assays of:
- 5.00 lbs/ton U3O8 (0.212% uranium) over 3.40 metres
- 1.45 lbs/ton U3O8 (0.062% uranium) over 9.20 metres
Amblayo Property - Salta Province, Argentina
Located in the mining friendly Province of Salta, Argentina, approximately 105 kilometres south-southwest of the city of Salta, the property is comprised of 18 minas (concessions) totaling 14,998 hectares owned 100% by the Company. Hosting nine significant uranium occurrences including 'Mina Emmy' and 'Pedro Nicolas', the property forms the core of Tonco uranium district and completely encompasses the 51 hectare, past-producing Don Otto mine.
The Don Otto uranium mine, the largest mine operated to date in the area, reportedly produced approximately 479,000 t of 0.084% uranium between 1963 and 1981 (Romano, 1999), although this total may include production from the nearby Los Berthos Mine and possibly the Emmy Mine. Published government resource figures for the Tonco district (Romano, 1999) total 15.9 million tonnes at 0.035% U containing 5,630 t of uranium (0.01% U cutoff). Both the reported production and the published resource are historic in nature and are not considered to be National Instrument policy 43-101compliant.
Exploration highlights include:
- To date, a total of 445 rock samples collected from across the property average 0.95 lbs/ton U3O8 (0.041% uranium), ranging from below detection (10 ppm uranium) to a high of 35.1 lbs/ton U3O8 (1.49% uranium).
- Surface chip sampling above underground workings at the Mina Emmy occurrence returned:
- 5.00 lbs/ton U3O8 (0.212% uranium) over 3.40 metres
- 1.45 lbs/ton U3O8 (0.062% uranium) over 9.20 metres