Last C$0.30 CAD
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Volume 589.8K
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03/5/14 - C$0.64
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12/9/14 - C$0.26
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uex corp (UEX) Details

UEX Corporation acquires, explores, and develops uranium properties in Canada. It holds interests in 15 uranium projects totaling an area of approximately 261,040 hectares located in the eastern, western, and northern perimeters of the Athabasca Basin in northern Saskatchewan. The company was incorporated in 2001 and is headquartered in Vancouver, Canada.

6 Employees
Last Reported Date: 03/17/14
Founded in 2001

uex corp (UEX) Top Compensated Officers

Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$190.0K
Vice President of Project Development
Total Annual Compensation: C$70.2K
Consultant and Director
Total Annual Compensation: C$313.8K
Compensation as of Fiscal Year 2013.

uex corp (UEX) Key Developments

Uracan Resources, Ltd. and UEX Corp. Begin 2015 Drilling Campaign on the Black Lake Property in the Athabasca Basin

Uracan Resources Ltd. announced that the company and the operator UEX Corporation commenced a $455,000 diamond drilling program of approximately 1,900 metres on the Black Lake Project. The Property is located along the northern margin of the prolific Athabasca Basin in northern Saskatchewan. The Black Lake Project covers a total of 30,381 hectares within the Athabasca Basin. This exploration drilling program will further test geophysical and geochemical targets identified by previous exploration work both at the unconformity as well as in the underlying basement rocks. Bleaching and desilicification of the sandstone as well as strong local clay alteration and dravite zones have been intersected on the property consistent with those commonly associated with uranium deposits elsewhere in the Athabasca Basin. Prospective fault structures offsetting the unconformity (reverse faulting on the main conductor and southeast-northwest cross structures) are also present throughout the Property and are considered good potential hosts for unconformity and basement-hosted uranium mineralization. The exploration program is being conducted with UEX Corporation acting as the operator. Exploration drilling conducted by Uracan and UEX at Black Lake in 2014 has intersected significant uranium mineralization in several areas including 0.131% U3O8 over 0.5 metres and 0.124% U3O8 over 1.0 metres in drill hole BL-148. This mineralization is hosted within and adjacent to the Eastern Fault Zone from which previous drilling intercepts on the property have been obtained. These mineralized intervals encountered in drill hole BL-148 occur at and up to 19 metres below the unconformity between the overlying Proterozoic Athabasca sandstones and underlying Archean basement rocks. This basement-hosted mineralization intersected below the footwall unconformity is significant as this style of mineralization has not been encountered previously in this area of the Property and represents a new prospective target. Basementâ ‘hosted mineralization will be a major exploration target in the upcoming drill program.

UEX Corporation Appoints Colin Macdonald as Chairman

UEX Corporation at the annual general and special meeting of shareholders held on June 6, 2014, appointed Colin Macdonald as its Chairman.

UEX Corporation and AREVA Resources Canada Inc. Report Drilling Results from Laurie and Mirror River Projects

UEX Corporation and AREVA Resources Canada Inc. announced the drilling results from the 2014 exploration program at the Laurie and Mirror River Projects. Laurie and Mirror River are two of eight 49.1%-owned Western Athabasca Projects joint-ventured with AREVA. The Laurie and Mirror River project areas lie along the southern margin of the Athabasca Basin approximately 35 and 55 kilometers, respectively, east of the Patterson Lake South discovery. An eight-hole 3,382 metre drill program was completed for approximately $1.4 million which tested several electromagnetic (EM) conductors in areas where crosscutting structures were postulated to be present. Drilling on the Laurie Project consisted of five diamond drill holes (LAUR-12 to LAUR-16) totaling 1,803 metres. Hole LAUR-12 intersected a large fault zone in the basement from 294.0 to 315.2 metres characterized by moderately to strongly graphitic and moderately pyritic gneiss with abundant fault gouge, breccia, chloritization and high--angle graphitic shears. Future exploration will target the projected up-dip continuation of the fault at the unconformity. The remaining Laurie drill holes tested several EM conductors (A, A2 and C) at the unconformity. Moderately to strongly graphitic pelitic gneiss was intersected confirming the existence of the conductors. No significant radioactivity or geochemical uranium values were returned. Three diamond drill holes (MRR-05 to MRR-07) totaling 1,579 metres were completed at the Mirror River Project. The holes tested several EM conductors (A4, C1 and C2) and resistivity anomalies at the unconformity. Hole MRR-05 tested a resistivity anomaly near the A4 conductor in the southern portion of the property and intersected minor disseminated sulfides and moderate local bleaching in the sandstone and graphitic pelites in the basement rocks, which likely explain the resistivity anomaly at this location. The final two holes (MRR--06 and MRR-07) tested segments of the north-trending EM conductors (C1 and C2) in the northern portion of the property. Hole MRR-06 intersected graphite in sufficient quantities to confirm the conductor but hole MRR-07 drilled to test the C1-south conductor did not. No significant radioactivity was identified. These 2014 grassroots drilling programs have only just begun to test the exploration potential of the Laurie and Mirror River projects, which remain vastly underexplored and have extensive untested EM conductors that warrant additional drilling in future programs. A ground geophysical program consisting of a Tensor Magnetotelluric survey on the Erica Project commenced in mid-April of 2014 and is currently in progress. This program has a budget of $600,000 of which UEX is responsible for funding its 49.1% share, or approximately $294,600. The objective is to define future drill targets by investigating the NW-SE conductive trend outlined by previous geophysical surveys.


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