GEITUS URANIUM DEPOSIT

 

USGS 1953-1954

  •  141 drill holes were completed for an aggregate length of 28,971 feet

UP & L 1985

  • 179 drill holes were completed identifying 240,000 pounds of historical (non-JORC compliant) reserve

Potential for a further 1 million pounds in extensions.

                                                      *     *     *

WCU holds a 100% interest in 7 tenements (6 Federal claims and 1 State lease) which extend over a total area of 196 ha (484 acres) in San Juan County, Utah.  The current status of the Geitus project tenements is summarised below.

Name of Claim

BLM Claim number *

Status

Registered Holder

Area (km2)

WCU's Interest
Geitus 1 - Geitus 4 UMC 354040 - UMC 354043 Registered Utah Energy Corp 0.334 100%
Geitus 5 - Geitus 6 UMC 354044 - UMC 354045 Registered Utah Energy Corp  0.167 100%
School Section ML 51442 Registered Utah Energy Corp  1.457 100%
      Total:   1.96   
           

* ML = lease issued by the State of Utah, UMC = lode mining claim issued by Bureau of Land Management (US Dept of Interior)

The Geitus Deposit was discovered by Utah Power & Light in exploration that concluded in the 1980s with an historical “reserve” calculation (details can be found in  pages 12-15 of White Canyon's Dec 2007 IPO Prospectus). The deposit was not mined due to the fall in the uranium price at that time. It is accessed by established county roads and is 50 km west of the White Mesa Mill.

As at Daneros, the Geitus Deposit is hosted within shallow dipping laminated sandstone units of the basal Shinarump Member of the Chinle Formation.  The deposit is tabular, ranging up to several hundred metres in length and from 0.3 m to 4 m in thickness. The uranium mineralisation is associated with the contact between the Shinarump Member and the underlying Triassic Moenkopi Formation sedimentary sequence.