The more you read about Wyoming Geology, the more you get to understand the meaning of it. So if you read this article and other related articles, you are sure to get the required amount of matter for yourself.

South Wyoming’s Best Uranium Discovery?

In yesterdays conversation with Dr. Robert Rich, we determined he had the credentials and industry knowledge to provide Yellowcake Mining (YCKM) with credibility in the uranium space. But, what about the geology? Many juniors have skated onto the radar by using a big name to attract investors. Too often, the propertys geology is lacking the factors which would lead to actual uranium mining. Often, the industry-celebrity name is barely familiar with the companys property.To our surprise, Dr. Rich was intimately familiar with Yellowcake Minings Juniper Ridge property in southern Wyoming. I had looked at Juniper Ridge in the late 1970s and early 1980s when it was owned by Urangesellschaft (UG), a German company, he told us. At the time there were still fresh open cuts from previous open pit mining there. There was a bit of uranium produced during the last market cycle of uranium, but I was impressed with the potential for it to become a much bigger operation. And then I didnt hear anything about it for over twenty years.Juniper Ridge Bigger Than We ThoughtHe explained some of the production costs and geology, describing Juniper Ridge. I think there was a feasibility study that gave favorable results when the market was around $40/pound, Dr. Rich said. Its mineralization is in pods. When I was there before, it looked like I was in a giant prairie dog village. What kind of mining would take place at Juniper Ridge, then? I think thats one of the reasons why people hope it will be ISR-amenable, Rich answered. Maybe you put a well field on each of the pods and get out what you can at a low production and low processing cost. Because of the propertys history, Dr. Rich wouldnt rule out conventional mining. We have 2,000 drill holes which need to be re-analyzed.So we spoke with David Frank, the Strathmore Minerals geologist who has been analyzing about one-half of those drill holes on behalf of joint-venture partner Yellowcake Mining. Were getting above average, reasonably good grades, Frank told us. Im not disappointed. Frank scrolled through data during our telephone interview, citing some of the exceptional holes: 0.2, 0.3 and 0.5. Some are in the percents, Strathmore Minerals (STHJF) president David Miller told us. According to the industry, Juniper Ridge was the best discovery made in southern Wyoming. It was the only one with significant uranium mineralization in the Browns Park Formation. The formation encompasses northeastern Utah, northwestern Colorado, and south-central Wyoming. It is a slightly younger formation than the Wind River or Wasatch formations, said Miller, who was recently announced as director of Yellowcake Mining. This is another tertiary age sandstone formation in Wyoming which contains substantial uranium mineralization. Miller rated this formation third in the state. He explained the Wind Rivers formation, with Gas Hills and Shirley Basin, was Wyomings most prolific uranium producer, followed by the Wasatch formation, which includes Powder River and the Red Desert.
James Finch contributes to StockInterview.com and other publications. His focus on the uranium mining and nuclear fuel sector resulted in the widely popular Investing in the Great Uranium Bull Market, which is now available on http://www.stockinterview.com and on http://www.amazon.com
Article Source: http://www.ArticleBiz.com

Golf Courses USA | Pocket PC | Airport Directory USA | US Colleges Directory | Golf and Las Vegas | GPS Systems | Golf Carts | Polo Golf Shirts | Camcorders | Golf Tournaments

We had written this article in the intention of providing as much information on Wyoming Geology as possible. Hope we met this objective.