Premier American Uranium Announces Significant Resource Estimate for Cebolleta Uranium Project

Proactive - Interviews for investors

Premier American Uranium CEO Colin Healy joined Steve Darling from Proactive to announce a current mineral resource estimate (MRE) for the Cebolleta Uranium Project located in New Mexico. This report marks a crucial step in laying the foundation for future exploration, supporting a planned Preliminary Economic Assessment (PEA). Healy explained that the MRE is based on a commodity price of $80.00 per pound of U3O8, utilizing an underground mining cut-off grade of 0.072% eU3O8 and an open pit mining cut-off grade of 0.024% eU3O8. The MRE indicates a total mineral resource of 18.6 million pounds of eU3O8 in the Indicated category and 4.9 million pounds of eU3O8 in the Inferred category. This current MRE surpasses the historical Inferred Mineral Resource prepared in 2014, upgrading approximately 80% of the previous resource to the Indicated category. The company believes there is strong potential for further resource increases through exploration and expansion drilling in previously untested areas, where the mineralized horizons of the Jackpile sandstone extend beyond the currently drilled zones. Healy also announced the completion of the previously announced acquisition of American Future Fuel. With this acquisition, Premier American Uranium now holds a strong foothold in three prominent districts known for their significant uranium endowment and potential: the Grants Mineral Belt in New Mexico, the Great Divide Basin in Wyoming, and the Uravan Mineral Belt in Colorado. These strategic developments position Premier American Uranium to significantly advance its exploration and resource development efforts, bolstering its portfolio of high-potential uranium assets. #proactiveinvestors #premieramericanuraniuminc #tsxv #pur #otcqb #pauif #PremierAmericanUranium #UraniumMining #MiningIndustry #ResourceExploration #TSXV #OTCQB #ConsolidatedUranium #ISOEnergy #NewMexico #Wyoming #MineralResources #ExplorationDrilling #MiningNews #EnergyResources #CEOInterview #UraniumProjects #MiningInvestments #ResourceDevelopment #TechnicalReport #ExpansionDrilling#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews