Uranerz Exploration and Mining Limited has obtained an option to explore the Jersey Valley Property, a site with promising geological indicators for precious metals. The property, located in a favorable structural and lithostratigraphic setting, includes calcareous siltstones and sandstones of the Havallah Formation. Previous exploration efforts have shown limited work, but recent sampling suggests potential for significant mineralization.
The property comprises 143 unpatented lode claims spanning 2954.5 acres (1195.7 hectares) and is set favorably in terms of structural and lithostratigraphic context. It is located near the Buffalo Valley and gold mines. Calcareaous siltstones and sandstones of the Havallah Formation are found in the area, and rock samples have shown anomalous values of pathfinder elements such as arsenic, antimony, mercury, silver, and gold.
Previous exploration by two companies revealed limited work in the 1990s involving trenching and drilling, but data from those programs are currently unavailable. The company has secured an option to explore the Jersey Valley property, viewing it as an opportunity to explore in a region known for its precious metals deposits
Jersey Valley Property Uranerz Exploration Havallah Formation Precious Metals Geological Exploration
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oceanside scores two fourth-quarter TDs, beats Valley Center for Valley League titleWin comes a year after Valley Center beat Oceanside in the final game of the regular season to rob the Pirates of the league title
Read more »
Greater Green Valley CERT holds training to prepare Green Valley for emergenciesJoel Foster is a Multimedia Journalist at KGUN9.
Read more »
Report: U.S. Property Taxes Soar by 7%, Sanctuary State of New Jersey Hit the HardestSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Billion-dollar company moves headquarters to North Texas from New JerseyDiversified, which specializes in audiovisual and media services, has moved its global headquarters to Plano. The company – which touts $1 billion-plus in...
Read more »
Woman removed from a property following property damage report: Medina Police BlotterAlso in this week’s Medina Police Blotter a driver is cited for driving onto a curb.
Read more »
Package manufacturer to build 107,000-square-foot facility in central Pa. with state’s assistanceThe company is the primary packaging supplier for poultry company, Bell & Evans.
Read more »