Uranium Energy at Alto Parana titanium project
09 June 2020
U.S.-based exploration firm Uranium Energy has completed their 49-hole drilling and sampling campaign at its Alto Parana titanium oxide project, located in eastern Paraguay. Uranium Energy said the Alto Parana project is a large-scale ferro-titanium deposit, with mineralization occurring at the surface with an average thickness of 6.61 meters. The drilling program was completed before the announcement of its recent COVID-19 measures and is part of the first phase of a planned preliminary economic assessment (PEA) for the project.
Uranium Energy president and CEO Amir Adnani said, “This drilling program is an important step towards development of the PEA, as we continue to advance our monetization strategy for the project. While we are working to unlock Alto Parana’s value, our primary focus remains on the Company’s core US business with low cost, fully permitted in-situ recovery projects in Texas and Wyoming.”
Image credit: Uranium Energy