Markets

Anglo-Bomarc Mines Provides Details on 2013 Hughes Lake Work Program

Anglo-Bomarc Mines Ltd. (ANB.V) today provided details on the 2013 Hughes Lake Uranium project work program.

The Hughes Lake project is a uranium exploration joint venture among Cameco Corporation (CCO.TO, 73.77%), Areva Resources Canada Inc. (16.23%), and Anglo-Bomarc Mines Ltd. (10%). Cameco is the project operator. The property is situated within the eastern portion of the Athabasca Basin, approximately 30km southwest of the McArthur River mine, the world's largest uranium project also owned by Anglo-Bomarc's Hughes Lake partners Cameco and Areva.

The 2013 work program consists of 15-20 diamond drill holes totalling approximately 13,000 m from January to September. The budget required to carry out the program on the Hughes Lake project is $4 million, of which Anglo-Bomarc Mines is responsible for 10% ($400,000). These resources are being allocated to undertake an aggressive drilling program along the C conductive trend.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More