Strateco Reports 58% Increase in Indicated Resource at Matoush Uranium Project

By Midnight Trader,  December 07, 2012, 09:51:20 AM EDT

Strateco Resources Inc. (RSC.TO) reports that the indicated mineral resource at its Matoush project, located in the Otish Mountains in northern Quebec, has increased by 58% since the last mineral resource estimate was published in January 2012.

The indicated resource is now estimated to be 586,000 tonnes with an average grade of 0.95 % U3O8 containing 12.33 million pounds of U3O8, compared to 453,000 tonnes grading 0.78% U3O8 containing 7.78 million pounds of U3O8 in January 2012. The inferred mineral resource now stands at 1.69 million tonnes at an average grade of 0.44% U3O8 containing 16.44 million pounds of U3O8, compared to 2.04 million tonnes grading 0.43% U3O8 containing 19.22 million pounds of U3O8 in January 2012.

Strateco is trading just above a yr low.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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