Aldershot Files 43-101 Report for the Hauber Project
22 Enero 2014 - 2:40PM
Access Wire
An NI 43-101 technical report was filed on SEDAR January 22,
2014, for the Wyoming located Hauber Project. The report supports
the presence of:
- 139,000 tons of Indicated Mineral Resource with an in-place
grade of 0.18% U3O8 for a total of 501,000 lbs. eU3O8.
- 46,000 tons of Inferred Mineral Resource with an in-place
grade of 0.164% U3O8 for a total of 153,000 lbs. eU3O8.
January 22, 2014 / ACCESSWIRE / Aldershot Resources Ltd.
(TSX.V-ALZ) (“Aldershot” or the
“Company”) through Royal USA Inc., a wholly owned
subsidiary of Aldershot, today, filed on SEDAR an NI 43-101
compliant technical report for the Company’s Hauber Project
(“Project”) located in Crook County, Wyoming. Aldershot, through
Royal USA, has assembled a significant land package in the Project
area. In previously press releases this project area was referred
to as the Elkhorn Project but due to its proximity to the
historical Hauber Mine, the project has been renamed to the Hauber
Project.
The Hauber Project is an exploration-stage uranium project
consisting of 50 unpatented mining claims for a total size of
approximately 895 acres (362 ha). The claims are located on land
where all the mineral ownership is held by the Bureau of Land
Management (BLM), part of the US Department of Interior. The
surface estate is comprised of both fee surface and BLM
surface.
Homestake Mining Company was the major explorer of the district
and operated the Hauber underground mine and several small open pit
mines during the 1950s and 60s. The Hauber Mine produced
approximately 2.6 million pounds U3O8 at an average grade of 0.22%
U3O8 during the period 1957 - 1966. Following mine closure,
Homestake continued to explore the region for a number of years.
This program identified a major uranium trend in the region and
several areas of concentrated mineralization.
Homestake's database for the region consists of information from
thousands of drill holes, both rotary and core; it also includes
maps, gamma logs and chemical assay information from their program.
Royal has access to the portion of this database relative to the
project area and has started to make use of this information.
The mineral resources for the project area were calculated using
the Homestake database, which is summarized in the following
table.
(1) Resource numbers have been rounded to the most
significant figure and may not add up to the total
The physical and geologic situation of these resources is quite
variable such that a combination of methods may be required for
exploitation. These methods might include: in situ recovery;
surface and/or underground mining; and hydraulic borehole
mining.
About Royal USA Inc.
Royal is a mineral exploration and development company focused on
mineral resources in the United States of America. Royal utilizes
an acquisition selection process that ensures each property takes
advantage of Aldershot’s skilled analytics, jurisdictional
awareness, and close industry relationships to shorten the path to
production.
Royal recently completed a very successful project at its Sage
Plain Project. Royal initiated an exploration project in the Sage
Plain area located approximately 15 miles east of Monticello, Utah.
Royal then entered into a 50:50 partnership with Energy Fuels
Resources (“EFR”) to form the Colorado Plateau Partners LLC. Royal
was the manager of the Sage Plain Project through the exploration
portion of development. As was previously reported, the Sage Plain
Project is in the mine permitting phase and was recently sold to
Energy Fuels Inc. (TSX-EFR).
About Aldershot Resources Ltd.
Aldershot Resources Ltd., based in Vancouver, Canada, is a mineral
exploration company with a portfolio of uranium and vanadium
properties in the United States and Australia. Shares of the
Company are listed for trading on the TSX Venture Exchange and
there are 159,742,975 shares outstanding.
Qualified Person Statement
Michael G. Leidich, P.Eng., a qualified person as defined in NI
43-101, has reviewed and approved this news release but has not
verified the data disclosed above, nor done any sampling,
analytical, or test data underlying the information or opinions
contained in the disclosures included in this Press Release.
FOR AND ON BEHALF OF THE BOARD
ALDERSHOT RESOURCES LTD.
“Michael G. Leidich”
President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
Aldershot Resources Ltd.
Michael G. Leidich
President and Chief Executive Officer
(303) 955-5820
Email: info@aldershotresources.com
Website: http://www.aldershotresources.com/
This news release contains certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended and “Forward Looking
Information” within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical
fact, included herein are forward-looking statements and
forward-looking information that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time-to-time with the British
Columbia and Alberta Securities Commissions.
Source: Aldershot Resources Ltd.
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