[Update, 3-5-13: We spoke with Kris Hefton at VANE and he said there are errors in the news story. They expect 4-5 years for permitting and development of the mine, with production lasting about two years. The NI-43-101 estimated about a resource of 1.1 million pounds, so that calculates out to roughly 500,000 lbs of uranium oxide, not ore, per year for two years.]
VANE Minerals and Uranium One posted online an updated NI-43-101 Technical Report on the Wate Uranium Breccia Pipe, that was prepared by Tucson-based SRK Consulting. [Right above, view of nearby Miller breccia pipe, showing typical landscape in the area. Left, exploration drilling at the Wate breccia pipe in 2009. Both photos courtesy of VANE Minerals]
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