Treeline Claims, New Mexico, USA
The Treeline project consists of 480 acres of private lands leased by the Company and approximately 3380 acres of unpatented mining claims located by Western Uranium Corporation through its wholly owned US subsidiary Western Energy Development Corp. (WEDC).
The project lies within a west-northwest-trending belt of uranium mineralization known as the Grants Uranium District in northwestern New Mexico. Uranium mineralization at Treeline occurs as primary trend ore found in basal stream channel sequences and as secondary, remobilized roll front mineralization. The property was originally drilled by Conoco and others during the early to mid 1970’s. Treeline is on trend between two past uranium producers, the Marquez Mine and the San Mateo Mine whose combined production was over 6.5 million pounds of uranium at + 0.20% U3O8.
Contained in the acquisition was a substantial historical database compiled by Conoco for the Treeline project. The Conoco data set includes all probe data, chemical assay information, geologic maps, and summary reports. Since acquiring the project the Company commissioned a NI 43-101report on the project that was prepared by Mine Development Associates of Reno, Nevada. Pending completion of an Environmental Impact Statement by the US Forest Service, the Company believes this project merits drilling to determine if additional uranium mineralization is present.
