RSS FeedCIBOLA COUNTY - Uranium Resources, Inc. announced earlier this week that the New Mexico Mining and Minerals Division approved the company's request for a renewal of the Minimal Impact Exploration Permit Application on its Section 13 in-situ exploration project. Section 13 is in Ambrosia Lake, the historic mining district near San Mateo, north of Grants and Milan. The permit, originally approved in November of 2008, allows URI to drill up to 10 holes for the purpose of extracting core samples to evaluate the suitability of the property for ISR mining. URI owns the Section 13 property in fee and the permit renewal is now valid until November of 2010.
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URI's Section 13 property is located in McKinley County, approximately 10 miles northeast of Grants. The property, along with three other parcels owned in fee by URI, hold the company's Ambrosia Lake resources estimated at 2.4 million pounds of uranium mineralized material.
Uranium Resources Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced more than eight million pounds of uranium by in-situ recovery methods in Texas where the company currently has ISR mining projects. URI has 183,000 acres of uranium mineral holdings, 101.4 million pounds of in-place mineralized uranium material in New Mexico and an NRC license to produce up to three million pounds of uranium.
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