Larger than expected uranium deposits discovered at Emeelt uranium site

 

 

 

 

 

 

 

 

 

 

 

 

Mega Uranium Ltd. (TSX: MGA) 
and Red Hill Energy Inc. (TSX VENTURE: RH) have announced the discovery
of three large uranium deposits in the Emeelt uranium site, 350 kilometers
southeast of Ulaanbaatur. 

The 62 square meter site is
now scheduled to be explored to a depth of 1,200 meters to determine
the available uranium for possible extraction. 

Reports indicate radioactive
leakage near the Ulaan Nuur Fault zone, leading mining officials to
believe significant deposits may lie below the surface. 

While uranium was first discovered
in this area by Russian and Mongolian Geologists in 1979, the current
exploration is unearthing deposits larger than previously anticipated.

 

uranium: http://upload.wikimedia.org/wikipedia/en/thumb/d/d8/HEUraniumC.jpg/750px-HEUraniumC.jpg

Average: Select ratingPoorOkayGoodGreatAwesome

No votes yet