| Risk and valuation analysis of the Reno Creek Project |
| Status Risk : Advanced discovery |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Title(s) of the Reno Creek Project |
 | Bayswater Uranium Corp.
Option on interest: 100% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
|
 | American Uranium
Option on interest: 22.5% |
| | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| American Uranium Corporation is committed to spending US $12.375 million to earn an initial 22.5 % in the Pine tree-Reno Creek project and US $33 million over the next 6 years to earn a 60% interest. (see press releases dated: May 17, 2007; Sept. 4, 2007; January 14, 2008). |
|
|
|
| Location of the Reno Creek Project |
|
The Pine Tree-Reno Creek land package has combined several nearby properties and now comprises approximately 16,000 acres (6,475 hectares). The project is located in the Pumpkin Buttes Uranium District, within the Powder River Basin, northeastern Wyoming. The properties are in close proximity to AREVA's Christensen Ranch in-situ operation and Cameco's Smith Ranch in-situ facility.
|
| |
| History of the Reno Creek Project |
|
The project was extensively explored by a number of previous operators during the 1970s to early 1990s, including Rocky Mountain Energy and Energy Fuels Inc. During the early 1980s, Rocky Mountain Energy operated and successfully reclaimed a pilot in more...
|
| |
|
|
