The Project VALENCIA URANIUM is in FEASIBILITY stage. Mining Property in NAMIBIA : Ownership, location, history, geology, maps, reserves and resources, related press releases

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VALENCIA Uranium Project

VALENCIA Uranium

Country

Namibia

Close to

Usakos

Status

FEASIBILITY

Latitude / Longitude

22 S 29 / 15 E 03

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Produces

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Uranium -

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Last updated on 1/21/2010 - Terms of Use

Risk and valuation analysis of the VALENCIA Uranium Project

Status Risk : Feasibility

Country Risk : Moderate

Title(s) of the VALENCIA Uranium Project


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The Valencia Uranium Deposit is 100% owned by Forsys.

Location of the VALENCIA Uranium Project
Valencia Uranium Deposit ("Valencia") is located 35 km along geological strike to the Rössing Uranium Mine and 40 km from the Langer Heinrich uranium deposit.

History of the VALENCIA Uranium Project
Historical work on the project was conducted by Goldfields Namibia between 1973 and 1977 which included borehole drilling, chemical analysis, radiometric sorting tests on bulk ore samples in 1979 followed by two preliminary feasibility studies in 1981 and 1989. Due to low uranium prices at the time, Goldfield concluded the project was uneconomical.

Exploration and drilling

3/9/2010	Announces Completion of Strategic Review for the Valencia Ur...
10/2/2009	Prepares for Upgraded Resource/Reserve At Valencia
8/21/2008	Valencia Uranium Project, Namibia Mining Licence Granted
6/27/2008	Adds Fourth Drill Rig to Test North Anomaly at Valencia
6/4/2008	Receives Environmental Clearance for Valencia
4/29/2008	Expands Uranium Zones at Valencia
1/29/2008	Provides Joly Zone Update
9/26/2007	Takes Steps to Provide Water for Valencia
9/21/2007	Engages GRD Minproc for Engineering Services at Valencia
9/21/2007	Signs Environmental Contract for Valencia Uranium Project
8/21/2007	Valencia Uranium Project Update
2/22/2007	Valencia Exclusive Prospecting Licence Granted
2/21/2007	To receive renewal of Valencia Uranium Licence
12/20/2006	Awarded New Uranium Licence in Namibia
10/31/2006	Clarifying Press Release-Valencia Uranium Project
5/29/2006	Begins Detailed Drilling for Measured Resource at Valencia
5/4/2006	Reports Uranium Intersections at Valenica
2/25/2006	Confirms East Uranium Zone At Valencia
12/24/2005	Completes Acquisition of The Valencia Uranium Project
10/3/2005	Valencia Uranium Project - Progress Report
8/15/2005	Valencia Uranium Deposit Update
8/12/2005	Executes Share Purchase Agreement For The Valencia Uranium D...
7/6/2005	Acquires the Valencia Uranium Deposit

Discoveries and Drilling Results

12/14/2009	Announces New Mine Plan Based on Improved Resource, Reserves...
5/1/2009	Increases Valencia Reserve by 68% and Further Updates Resour...
1/28/2009	Valencia Resource Update- Forsys Increases Deposit Size and ...
8/7/2008	Confirms Deeper Uranium Mineralization at Valencia
7/23/2008	Continues Drilling at Valencia Expanding Pit Bottom and Over...
6/13/2008	Mineralization Expansion and Grade Improvement at Valencia-F...
2/13/2008	Announces Joly Zone Trenching Results
1/15/2008	Reports Drilling Results and Resumes Drilling at Valencia
3/26/2007	Significant Increase for the Valencia Uranium Resource
12/14/2006	Discovers New High Grade Uranium Zone
11/1/2006	Intersects Uranium Mineralization in Valencia's East Zone
9/14/2006	Continues to Intersect High Grade Uranium in Valencia's Main...
7/28/2006	Continues to Intersect High Grade Uranium at Valencia
7/5/2006	Reports Additional High Grade Uranium Intersections At Valen...
6/30/2006	Reports Uranium Intersections At Valencia
5/17/2006	Reports Uranium Intersections At Valencia

Location

Data last updated on : 4/30/2009

Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.