This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Uranium Energy Corp Announces An Inferred Resource Of 5.5 Million Pounds U3O8 At The Company's Workman Creek Project In Arizona

NYSE Amex Equities Exchange Symbol - UEC

CORPUS CHRISTI, TX, March 6, 2012 /PRNewswire/ - Uranium Energy Corp (NYSE-AMEX: UEC, the 'Company') is pleased to announce that the Company has received an independent National Instrument 43-101 Technical Report for its Workman Creek Project located in Gila County, Arizona, that reports an inferred mineral resource of 3,222,000 tons containing 5,542,000 lbs. of U 3O 8 with an average grade of 0.086% U 3O 8, at a cut-off grade of 0.05%.

The Workman Creek Project consists of 183 unpatented lode mining claims covering 3,620 acres.  The Project is located in a remote area of the Dripping Springs Mining District of Gila County, Arizona, about 30 miles north of Miami, Arizona, 85 miles northeast of Phoenix and approximately 180 miles from the Company's Anderson Project.  The current claim configuration represents the Workman Creek North and South projects, areas originally held and developed by Wyoming Minerals Corp ("WMC"), a subsidiary of Westinghouse, in the 1970s and 1980s.

The uranium mineralization in the Dripping Springs Mining District was first noted in 1950, but not thoroughly explored until 1955 following an airborne radiometric survey conducted by the U.S. Atomic Energy Commission.  The survey identified approximately 20 target areas and initiated a staking rush into the Sierra Ancha Mountains of Gila County.

In the 1970s, WMC established a significant acreage position in the area and began a systematic development program.  Major work conducted by WMC including the drilling of over 400 exploration and development holes, geological mapping, regional and detailed geochemical studies, petrographic studies, mineralogical paragenetic studies, geophysical surveys and metallurgical studies, all of which culminated in a positive feasibility study prepared by Dravo Engineers in 1980. The Company has access to all of this information about the project area.

Stock quotes in this article: UEC 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,485.69 -15.96 -0.10%
S&P 500 1,877.33 +1.94 0.10%
NASDAQ 4,142.3760 +15.4090 0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs