Uranium Energy Corp Completes 94 Drill Holes at Burke Hollow ISR Project and Extends 2017 Campaign to September
- 2017 drilling expands initial production area trend from 1.7 miles to 4 miles
- 36% of the drill holes exceeded 0.3 grade-thickness (GT) cutoff and averaged 0.067% U3O8
- Extended program to include an additional estimated 30 holes to be drilled
Corpus Christi, TX, July 25, 2017 – Uranium Energy Corp (NYSE MKT: UEC, the “Company” or “UEC”) is pleased to announce that the Company is extending the drilling campaign on its Burke Hollow in-situ recovery (“ISR”) uranium project into early September with an additional estimated 30 holes to be drilled. Drilling commenced on April 3 this year with initial plans to drill up to 100 delineation and exploration holes through the year. As of July 21, a total of 94 holes have been successfully completed for a total of 40,420 feet of drilling with each hole having an average depth of 430 feet.
Andy Kurrus, the Company’s VP of Resource Development stated, “The Burke Hollow project continues to develop and expand as a classic South Texas Goliad Formation model. We are very excited about the drilling results to date, and anticipate continuing resource growth throughout the multiple roll fronts present on the property. The 2017 drilling campaign has been the most successful to date in terms of efficiency, budget and results.”
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