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.
ANB is down 1.5 cents (11.11%) to 12 cents late morning, which is still near a yr high of 15 cents. Volume traded is 15,000.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
