| Black Range, Uranium One shake hands in US | | | | Taylor Ranch. |
| Editor: From: miningnews Click?52 Date: | | | | The Australian junior has defined three |
| 2009-01-04 11:46:22 | | | | JORC-compliant resources at Taylor Ranch, including |
| URANIUM hopeful Black Range Minerals has teamed | | | | 9.3Mlb uranium grading 0.058% at the North deposit, |
| up with Canadian miner Uranium One to develop its | | | | 9.1Mlb uranium grading 0.057% at the North West |
| American yellowcake prospects in Colorado. | | | | deposit and 16.2Mlb uranium grading 0.065% at the |
| The two companies have signed a letter of intent | | | | Boyer deposit. |
| over the joint development of Perth-based Black | | | | Hansen was drilled by past explorers who defined a |
| Range’s Taylor Ranch project and the next-door | | | | deposit hosting around 30 million pounds of uranium |
| Hansen project, where Uranium One has an option to | | | | at around 0.08% uranium, Black Range added. |
| acquire a 39.2% interest in its mineral rights. | | | | The deal, if it goes ahead, will see Uranium One hold |
| Another 51% of the mineral rights in the area are | | | | a 60% interest in the joint venture while Black Range |
| also up for sale, and Black Range and Uranium One | | | | will hold 40%. |
| will jointly pursue the majority stake of the rights. | | | | Once the majority stake in the Hansen project is tied |
| Today Black Range said the Hansen prospect hosted | | | | up, the two companies will negotiate a definitive JV |
| a series of uranium deposits within the same | | | | agreement. |
| mineralised trend as the deposits so far delineated at | | | | |