Part Two - New Mexico Uranium: Who are the Serious Players

Energy Metals Corporation Energy Metals Corporation is one of the leading uranium development companies to watch in Wyoming and Texas. In an earlier interview with William Sheriff, Director of Corporate Development, he told us power metal production planned in Texas and Wyoming. The company followed by opening regional offices in both Corpus Christi (Texas) and Casper (Wyoming). Mr. Sheriff also mentioned his company can not develop its new features Mexico for another five years, but may be subject to change.
Energy Metals is also property at Nose Rock, New Mexico. The company reports 16 separate leases more than 8,700 acres. A note on the website of the company states that the Phillips Uranium Corporation reportedly discussed the Nose Rock property contained 8 million pounds U3O8. No work has been completed on this property to ensure compliance with the National Instrument 43-101., In accordance
The website also discusses the property, "The mineralization occurs as roles for deposits in the Westwater Canyon Member of the Morrison Formation and shows no obvious imbalance, with no reported vanadium and traces of molybdenum. Expected mining method was underground, although the deposits this area prone ISL production. "Other Energy Metals Corporation leases include homes in Crown Point, Rio Puerco, and Ambrosia Lake areas.
Max Resource Corp.
A few weeks ago, Max Resource acquired a drill database with 40 years of uranium exploration in the United States. Among the data were defeated thought to be lost, but original records of Occidental Minerals Corporation prepared about the company is fully Baca uranium project in C hands. Located about 100 miles south of Albuquerque, Max Resource announced it has begun the permitting process for a drill program later this year.
OxyMin, a subsidiary of Occidental Petroleum, drilled holes 216 on the ground, during the 1980s, and declared a historic report that it had found 1.67 million tonnes grading 0.18 percent U3O8. The estimate is not compliant with National Instrument 43-101 for reporting a resource. Max Resource announced that it plans to drill on her property, spending tens of shallow holes approximately $ 100,000 during the first phase of exploration. OxyMin felt it would be appropriate for In Situ Recovery process properly.
Powertech Uranium
Powertech Uranium is a recent arrival among the hundreds of new junior uranium companies. Craig Bartels had not mentioned this company, it would not be included in this article. Bartels had worked with Richard Clement, Powertech's Chief Executive, who previously worked with Uranium Resources. Both uranium miners live in a suburb of Albuquerque, New Mexico. At present, PowerTech just announced the acquisition of the Dewey Burdock uranium resource in South Dakota. However, in a telephone interview with Mr. Clement, he would have us believe Powertech may be in the process of acquiring assets in New Mexico. Although we have little to write about this now, because it is fairly new, it may be one to watch for developments in the course of the summer and the fourth quarter. The company is supported by Canada's International Pacific brokerage firm. Richard Clement told us that the company now has more than $ 12 million in the bank for the acquisition, exploration and development of uranium properties.
COPYRIGHT © 2007 by StockInterview, Inc. All rights reserved.
James Finch contributes to and other publications. StockInterview's "Investing in the Great Uranium Bull Market" has become the most popular book ever published for uranium mining stock investors

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