RAWLINS, Wyo. (AP) — A Colorado mining company says it has identified more than 8.8 million pounds of uranium at a site it recently acquired in Wyoming's Shirley Basin.
The Rawlins Daily Times reported Monday (http://tinyurl.com/pvvgw8r ) Ur (yu-AR')-Energy of Englewood, Colorado, says the uranium is at an average depth of 312 feet.
Ur-Energy Vice President of Geology Jim Bonner says the uranium is high-grade.
The company got control of several mines including the Shirley Basin site when it acquired Pathfinder Mines Corp. in December.
Shirley Basin had been an open-pit mine until operations were suspended in the 1990s becaue of low uranium prices.
Ur-Energy plans to use a technique that dissolves the ore in place and pumps it to the surface to be refined.
Information from: Rawlins (Wyo.) Daily Times, http://www.rawlinstimes.com