Tigris Uranium Steady after B.C. Regulators Flag Resource Estimate for Crownpoint, Hosta Butte Sites
Tigris Uranium Corp. (TU.V) is flat at 20 cents a share in light volume after the miner this morning said it is provisionally retracting resource estimates for its Crownpoint 19/29 and Hosta Butte properties in British Columbia pending preparation and filing of new estimates.
According to the company, earlier reports did not contain sufficient verifiable data and information because of limitations in the database available to the report author. Provincial securities authorities said Tigris' reliance on historical data prepared during the 1970s by Conoco was not sufficient by itself to verify likely uranium levels.
("the Company") announces that, as a result of a technical disclosure review by the British Columbia Securities Commission (the "BCSC"), clarifications are required regarding current uranium resource estimates in the Technical Reports on the Company's Crownpoint Section 19/29 Property dated June 20, 2011 and its Crownpoint Section 24 and Hosta Butte Properties dated May 26, 2010 (collectively, the "Reports").
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