Part Six - New Mexico Uranium: Who Are the Serious Players?
By: James Finch | Posted: 30th June 2006
Energy Metals Corporation
Energy Metals Corporation is one of the leading uranium development companies to watch in Wyoming and Texas. In an earlier interview with William Sheriff, Director of Corporate Development, he told us Energy Metals planned production centers in Texas and Wyoming. The company has followed through, opening regional offices in both Corpus Christi (Texas) and Casper (Wyoming). Mr. Sheriff also mentioned his company may not develop its New Mexico properties for another five years, but this may be subject to change.
Energy Metals also holds property at Nose Rock, New Mexico. The company reports holding 16 separate leases over more than 8700 acres. A note on the company's website explains that the Phillips Uranium Corporation reportedly discussed the Nose Rock property contained eight million pounds of U3O8. No work has been completed on this property to make it compliant with National Instrument 43-101.
The website also discusses the property, "The mineralization occurs as roll front deposits in the Westwater Canyon Member of the Morrison Formation and shows no apparent disequilibrium, with no reported vanadium and trace amounts of molybdenum. The anticipated mining method was underground, although the deposits in this area may be amenable to ISL production." Other Energy Metals Corporation leases include properties in Crownpoint, Rio Puerco, and Ambrosia Lake areas.
James Finch contributes to StockInterview.com and other publications. To read StockInterview's entire Uranium Series, visit http://www.stockinterview.com
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James Finch is a contributing editor for StockInterview.com and other publications. http://www.stockinterview.com
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Tags: leases, regional offices, trace amounts