SASKATOON, Jan. 13 /CNW/ - Titan Uranium Inc (TSX-V:TUE, FSE:T4X) is pleased announce that it has recently completed three column leach
tests for its Sheep Mountain uranium project in Fremont County,
Wyoming, with excellent results. Recoveries ranged from 97.5 to 99.9%
of the contained uranium, with extremely low acid consumption (1.6 to
3.4 pounds per ton).
Three columns were tested, with feed from both fresh drill cuttings and
from material stockpiled from the Sheep I mine since the 1980's. The
stockpiled material has been subject to meteoric oxidation, while the
cuttings from the 2009 drill program have been kept in sealed
From the fresh material, 97.47% of the contained uranium was extracted,
with acid consumption at 3.38 lbs/ton. The two tests using older
material yielded even higher extractions (99.87% and 99.86%) with acid
consumptions of 1.67 and 1.58 lbs/ton.
The testing program was designed and managed by Roger Garling, R and D
Enterprises, Casper WY. The columns were constructed at the
Inter-Mountain Labs facilities in Sheridan, WY, which laboratory also
performed all of the analytical work. Chris M. Healey, a Professional
Geologist licensed in the State of Wyoming, and President and CEO for
Titan, is the Qualified Person responsible for the technical content of
The columns were 14 feet high and 6 inch inside diameter. Columns 1 and
2 were loaded with approximately 83 kg of stockpile material, mined in
1987 and 1988. This material has been stored near the Sheep I shaft
since it was mined. Column 3 was loaded with 84 kg of drill samples
which were collected during the summer 2009 drill program, and have
been stored in sealed containers.
A lixiviant of 10g/L sulphuric acid (H2SO4) was added to the columns at a rate of 5.33 L/day. Sodium chlorate
(NaClO3) was also added, at 3 pounds per ton. The density of the material
ranged from 1.36 to 1.50 g/cm3. Porosities ranged from 28.17% to 31.76%.
In addition to the column leach tests, an Ion Exchange (IX) test was
completed to determine the efficiency of resin loading. The results
were very encouraging with a calculated 99.9% efficiency.
Results of the test work are summarized in the following table.
Sheep Mountain Column Leach Tests
Head grade (mg/kg U)
Head grade (% U3O8)
Tails grade (mg/kg U)
Tails grade (% U3O8)
Acid consumption (lbs/ton)
The material utilized in the Column 3 test was selected to be
representative of the various mineralized horizons found within the
planned Congo Pit area and was composited in such a manner as to
approximate the anticipated average ore grade material. The
Preliminary Feasibility Study (PFS) issued in April, 2010 estimated the
average life of mine average grade to be 0.111 %U3O8 as compared to the Column 3 material with an average grade of 0.113 %U3O8. The PFS conservatively assumed an acid consumption of 50 pounds per
ton and an overall recovery of 91% based on historical data from heap
leach operations conducted by Western Nuclear and Union Carbide in the
Gas Hills District of Wyoming. The current test results show both a
major reduction in acid consumption and a substantial improvement in
recovery. The reduction in acid consumption has the potential to
reduce the projected operating costs for the project significantly. The
improvement in heap recovery has the potential to significantly
increase the estimated recoverable pounds of uranium.
Chris Healey, President of Titan commented "These results are
substantially better than the parameters used in the April 2010
Preliminary Feasibility Study. Therefore this testing program has
clearly demonstrated significantly better leach efficiencies than those
used for the PFS. This will therefore have a significant positive
effect on the project economics."
About Titan Uranium Inc.
Titan Uranium's vision is to be a leading mid-tier North-American
uranium exploration, development and mining company. Our mission is to
create shareholder value by advancing quality projects to production.
Our growth strategy is driven by three elements:
• Development: A pre-feasibility study has been completed at the Sheep Mountain
Uranium Project, Wyoming. The deposit contains a NI 43-101 compliant
probable reserve of 14.2M lbs. of U3O8 (6,393,000 tons at 0.111% e U3O8) (see Titan press release April 12, 2010).
• Exploration: The goal is to discover world class uranium deposits by exploring over
1.5M acres of land in the proven Athabasca and prospective Thelon
Basins. Exploration programs are also active in Utah and Wyoming.
• Consolidation: The Company is actively pursuing M & A opportunities and focused on
uranium-friendly jurisdictions such as Saskatchewan and Wyoming.
Titan has gained market recognition for its ability to attract strategic
partners to participate in the exploration of its properties. Japan
Oil, Gas and Metals National Corporation and Mega Uranium Ltd. are
partners in current exploration programs managed by Titan.
Titan is well-financed and ideally positioned to emerge as a pre-eminent
player in the uranium industry.
ON BEHALF OF TITAN URANIUM INC.
Chris M Healey, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This News
Release includes certain "forward-looking statements". All statements
other than statements of historical fact, included in this release,
including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans and
objectives of Titan Uranium, are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from Titan Uranium's expectations are exploration risks
detailed herein and from time to time in the filings made by Titan
Uranium with securities regulators.
SOURCE Titan Uranium Inc.
For further information:
Titan Uranium Inc.
Phone: 306-651-2405 or 604-925-1810