US Uranium Firm Doubles Resource at Key Project

by Mike Fagan

Mike Fagan


Azarga Uranium (TSX: AZZ)(OTC: AZZUF) — currently trading at approximately C$0.25 per share — has announced a 128% increase in measured and indicated resources for its Gas Hills ISR (in-situ recovery) Uranium Project, Wyoming.

The project’s measured and indicated resources have now more than doubled to 10.77 million pounds U3O8 from 4.73 million pounds U3O8 with 72% of the resource being amenable to in-situ recovery.

Azarga president & CEO, Blake Steele, commented via press release:
 

"We are extremely pleased with the results of our Gas Hills Project resource update. The scale and confidence of our ISR amenable Gas Hills Project resource estimate has established it as a significant deposit in the USA. We have conducted numerous hydrology studies on our Gas Hills Project, and they have all confirmed that the resources located below the water table are ideally suited to ISR mining techniques. The Gas Hills region is a prolific uranium district with approximately 100 million pounds of past production. Industry leader, Cameco Corporation, owns a permitted ISR uranium project within this district. We look forward to completing a preliminary economic assessment for our Gas Hills Project and evaluating its potential as a standalone deposit as well as a significant satellite deposit to the Company's flagship Dewey Burdock Project. Utilization of planned infrastructure at our Dewey Burdock Project also has the potential to considerably reduce the capital cost profile of our Gas Hills Project."


2021 is shaping up to be a transformative year for Azarga as the only pure-play ISR focused uranium developer in the USA.

Azarga controls no less than ten US uranium projects [South Dakota, Wyoming, Utah, and Colorado] and has received final EPA permits for its flagship Dewey Burdock Uranium Project, South Dakota, where it is completing the regulatory permitting approval process required for construction.

With uranium prices beginning to march higher, now is an excellent time to conduct your own due diligence — and a great place to start is Azarga’s corporate website.

Be sure to also click here for our most recent report on Azarga Uranium.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest
 

Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.