Bororo Neuvo

Bororo Nuevo Property Highlights
  • 9 large mineralized zones discovered on first 12% of property
  • Uranium values from 608 surface rock samples average 2.41 lbs/ton U3O8 (0.102% uranium)
  • Continuous chip sampling results of:
    • 7.33 lbs/ton U3O8 (0.311% uranium) over 10.0 metres
    • 4.01 lbs/ton U3O8 (0.170% uranium) over 12.5 metres
  • Exploration concessions are 100% owned
  • Discovery drilling at Alpha Zone has defined 400 metre wide mineralized paleochannel

Bororo Nuevo Property - Chubut Province, Argentina

The Bororo Nuevo property (BN) is the flagship of the Company's five uranium properties in the productive San Jorge Basin, which is host to the past-producing Cerro Condor and Los Adobes deposits as well as the 10.3 million pound U3O8 Cerro Solo uranium deposit. The Basin lies within the Patagonian Provinces of Santa Cruz and Chubut and is readily accessible via an all-season paved road and a network of well-maintained gravel roads. Wealth currently owns or has the exclusive right to own 76 'minas' and 'cateos' (concessions) that total approximately 600,000 hectares (6,000 square kilometres) representing the largest land position in what has been described as the last and least-explored sandstone-hosted uranium district in the world.

The BN property consists of 4 minas and 6 cateos that total ~35,500 hectares (355 square kilometres). To date, nine large zones of mineralization have been discovered within a uranium fairway measuring 12 by 4 kilometres and less than 12% of the property has been mapped and prospected. Significant results from the project include:
  • Uranium values from 608 surface samples average 2.41 lbs/ton U3O8 (0.102% uranium)
  • Continuous chip sampling results of 10 metres @ 7.33 lbs/ton U3O8 (0.311% uranium) and 12.5 metres @ 4.01 lbs/ton U3O8 (0.170% uranium)
  • 25+ year old drill cuttings assayed 4.22 lbs/ton U3O8 (0.179% uranium)
Mineralization at BN is typical of both sandstone-hosted types of uranium deposits (e.g. Kazakhstan, Niger, central U.S.), which globally account for approximately 30% of worldwide uranium resources, as well as calcrete-hosted uranium deposits such as the Langer Heinrich and Trekkopje uranium deposits in Namibia.

The stratigraphy is known to be productive and the continued success of surficial exploration programs at BN clearly highlights the uranium-rich and underexplored nature of the San Jorge Basin.