Grants Ridge Project
Grants Ridge
Country USA 
Province New mexico
Status GREEN EXPLORATION 
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Explores for Vanadium -
Last updated on 12/22/2010 - Terms of Use
Risk and valuation analysis of the Grants Ridge Project
Status Risk : Green exploration
Country Risk : Very Low
Title(s) of the Grants Ridge Project
Uranium Energy Corp.
: 100%
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Uran Limited
Option on interest: 65%
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Location of the Grants Ridge Project
Grants Ridge property consists of two distinct property packages, These properties, consisting of approximately 4,260 acres, are known as the F-33 and Sections 4 and 9. Grants Ridge uranium project is located in the Grants Mineral Belt in north-west New Mexico, USA.
 
History of the Grants Ridge Project
Grants belt produced over 340,000,000 lbs U308 (154,545 tonnes) prior to 1986 and was the largest producing uranium field in the USA in the previous production cycle. It includes the well-known Poison Creek and Ambrosia Lake uranium districts, and is known for historic high-grade uranium production.
 
Geology of the Grants Ridge Project
Known mineralisation is in fairly flat-lying stratigraphy, at depths rangingfrom surface at the Section 4 and Section 9 mines, to 150 metres at F33 mine under a small mesa. The shallow depths together with high-grade mineralisation make the area very attractive for mining.
 
Data last updated on : 12/22/2009
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