Risk and valuation analysis of the VALENCIA Uranium Project |
Status Risk : Feasibility |
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Title(s) of the VALENCIA Uranium Project |
| Forsys Metals Corp. Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The Valencia Uranium Deposit is 100% owned by Forsys. |
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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.
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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.
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