CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
Vancouver-based UEX Corporation has shared the third set of assays from the winter drill program at its West Bear cobalt-nickel property in the eastern part of the Athabasca Basin.
The company said that 14 of the 20 assays exceeded the cobalt equivalent grade of 0.023% or more.
Highlights from the results include hole WBC-063, which intersected 4.5 metres averaging 0.11% cobalt and 0.49% nickel from 27.0 metres to 31.5 metres; hole WBC-083 which assayed 0.04% cobalt and 0.07% nickel over 35.5 metres from 26.0 to 61.5 metres including a subinterval of 1.5 metres of 0.29% cobalt and 0.38% nickel from 28.5 to 30 metres; and hole WBC-094 which returned 5.5 metres of 0.08% cobalt and 0.30% nickel from 31.5 to 37.0 metres.
Recent drilling also extended the West Bear cobalt-nickel deposit to 600 metres along strike and defined the western end of the mineralization. The deposit has a dip of 100 metres. Last year the maiden inferred resource estimate included 390,000 tonnes grading 0.37% cobalt and 0.22% nickel, which equates to 3.2 million lb. of cobalt and 1.9 million lb. of nickel.
UEX says the West Bear property contains both this cobalt-nickel deposit and a uranium deposit.
(This article first appeared in the Canadian Mining Journal)
