CENTENNIAL, Colo., Nov. 01, 2016 (GLOBE NEWSWIRE) -- Uranium Resources, Inc. (URI) (Nasdaq:URRE) (ASX:URI), announced today that it recently completed the staking of 168 placer claims, covering an area of approximately 3,360 acres (1,360 hectares) of mineral rights at its Sal Rica lithium brine project in Utah. The addition of these claims increases the Company's controlled mineral rights holdings in the project area to approximately 13,260 acres (5,366 hectares), further covering a highly prospective target for lithium-enriched brines in the Pilot Valley region of northwestern Utah. The target area is situated within a region of known brine-hosted lithium mineralization and is approximately 25 miles (40 kilometers) north of the town of Wendover in Box Elder County, and is approximately 100 miles (161 kilometers) west-northwest of Salt Lake City.
A photo accompanying this announcement is also available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a065d9bd-5004-40cd-b32b-84f41c3c92e2 The newly acquired claims adjoin the property recently acquired by the Company from Mesa Exploration Corp. (see the Company's Press Releases of September 21 and October 20, 2016) and bring under the Company's control projected extensions of known near-surface lithium brine occurrences in the Sal Rica Project area. The newly acquired claims are not burdened with any production royalty obligations. About the Sal Rica Project: As previously reported, a shallow drilling program carried out by Quintana Petroleum in 1966 at the Sal Rica Project encountered significant levels of lithium-enriched brines (22 to 81 ppm) associated with near surface aquifers over a wide area of the project area. Confirmation brine samples recently collected by Mesa Exploration personnel returned lithium grades averaging 66 ppm lithium, with values as high as 80 ppm. Initial sampling of sediments in the project area by URI personnel also yielded lithium values ranging from 82 ppm to 213 ppm Li.