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Uranium Energy secures final permit for Burke Hollow project in Texas

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Uranium Energy secures final permit for Burke Hollow project in Texas

Uranium Energy Corp. said Dec. 13 that the Texas Commission on Environmental Quality issued the final mine area permit for the company's Burke Hollow in-situ recovery project in South Texas.

According to the company, the mine area permit authorizes over 11,000 acres for mining multiple production sands within two large confirmed production areas discovered to date. The receipt of this permit, in addition to the already approved disposal well and mine permits, would allow for production development to commence at the project.

To date, uranium mineralization was discovered in two distinct and separate trend areas of the property, resulting in an inferred mineral resource of 5.12 million pounds of uranium grading 0.09% U3O8.

The 2016 drilling campaign expanded the first area scheduled for production at Burke Hollow. Thirty-two wide-spaced exploration holes were completed for a total 17,020 feet.

The company expects the next program to cover detailed delineation of the bracketed trend and further trend extension drilling.