Monitoring Well Evaluation Continues to Demonstrate ISR Potential at Chord
Monitoring Well Evaluation Continues to Demonstrate ISR Potential at Chord
The Company sampled two existing monitoring wells across the Chord project, both of which confirmed the presence of a significant amount of water. Monitoring well B-5, which is located on the southwestern and down dip edge of the October-Jinx mineralized body, was measured to a depth of 496 feet and was terminated in the Lakota Formation which is the same formation that is host to the uranium mineralization on the Property. The bottom 100 feet of the well contained ground water which was sampled with analytical results demonstrating the presence of anomalous concentrations of uranium, dissolved solids, sulfate and radionuclides (gross alpha, gross beta and radium-226). The combination of a significant hydraulic head from the bottom 5 feet of the well in addition to the presence of anomalous concentrations of uranium and radionuclides continue to support the viability of the mineralization to be amenable to in-situ recovery methods. Monitoring well B-4 was located within the Viking mineralized body, approximately two miles to the northwest, was drilled to 315 feet with a 5 five screened interval, contained 40 feet of groundwater.Vancouver, British Columbia--(Newsfile Corp. - December 13, 2023) - BASIN URANIUM CORP. (CSE: NCLR) ("Basin Uranium" or the "Company") is pleased to announce it has successfully confirmed the presence of a significant amount of water in multiple monitoring wells across the Chord Uranium Project (the "Property") in South Dakota. The confirmatory sampling of these wells continues to demonstrate potential for mineralization to be amenable to in-situ recovery (ISR) methods for at least the lower portions of the mineralization.
不列顛哥倫比亞省溫哥華--（新聞文件公司-2023 年 12 月 13 日）- 盆地鈾業公司（案例：NCLR） (”盆地鈾“或者”公司“）很高興地宣佈，它已成功確認南達科他州Chord Uranium項目（以下簡稱 “財產”）的多個監測井中存在大量水。對這些油井的確認性採樣繼續表明，至少對於較低的礦化部分，礦化有可能採用原位恢復（ISR）方法。
"The well sampling and water level measurements were completed by the Company. Parallel to this work, mineral resource modelling is underway by our consultants, BRS," commented Mike Blady, CEO of Basin Uranium. "Mineral resource estimation will consider reasonable prospects for economic extraction. The recent confirmation of the hydrologic setting of the mineralization will aid in this evaluation. In-situ mining is the most prevalent form of uranium production in the USA due to its minimal environmental impact, small footprint, and low development and operating costs."
“油井採樣和水位測量由公司完成。在這項工作的同時，我們的顧問BRS正在進行礦產資源建模。” Basin Uranium首席執行官Mike Blady評論道。“礦產資源估算將考慮合理的經濟開採前景。最近對礦化水文背景的確認將有助於這項評估。原地採礦是美國最普遍的鈾生產形式，因爲它對環境的影響最小，佔地面積小，開發和運營成本低。”
Monitoring Well Sampling and Evaluation Program
監測井採樣和評估計劃
The Company sampled two existing monitoring wells across the Chord project, both of which confirmed the presence of a significant amount of water. Monitoring well B-5, which is located on the southwestern and down dip edge of the October-Jinx mineralized body, was measured to a depth of 496 feet and was terminated in the Lakota Formation which is the same formation that is host to the uranium mineralization on the Property. The bottom 100 feet of the well contained ground water which was sampled with analytical results demonstrating the presence of anomalous concentrations of uranium, dissolved solids, sulfate and radionuclides (gross alpha, gross beta and radium-226). The combination of a significant hydraulic head from the bottom 5 feet of the well in addition to the presence of anomalous concentrations of uranium and radionuclides continue to support the viability of the mineralization to be amenable to in-situ recovery methods. Monitoring well B-4 was located within the Viking mineralized body, approximately two miles to the northwest, was drilled to 315 feet with a 5 five screened interval, contained 40 feet of groundwater.
該公司對Chord項目的兩口現有監測井進行了採樣，兩口水井都證實了大量水的存在。監測井B-5位於十月金克斯礦化體的西南和下傾邊緣，測量深度爲496英尺，終點在拉科塔組中，該地層與該物業上鈾礦化的宿主地層相同。井底100英尺處有地下水，對地下水進行了採樣，分析結果表明，鈾、溶解固體、硫酸鹽和放射性核素（總α值、總β值和鐳226濃度）存在異常濃度。除了存在異常濃度的鈾和放射性核素外，井底5英尺處有很大的液壓頭，這繼續支持礦化的可行性，使其能夠採用原地回收方法。監測井B-4位於維京礦化體內，向西北方向約兩英里，鑽探至315英尺，篩查間隔爲5至5英尺，含有40英尺的地下水。
Overall, results from the hydrology and water sampling of wells B-4 and B-5 were in line with historic test work completed by Union Carbide in the late 1970's and subsequent consultants in the 1980's (Cohan, 1984). The Company cautions that additional tests are required to validate these results in addition to the drilling of new monitoring wells to properly characterize the aquifer and define the parameters for in-situ recovery.
總體而言，對B-4和B-5井的水文和水質取樣結果與聯合碳化物在1970年代末以及隨後的顧問在1980年代完成的歷史性測試工作一致（Cohan，1984年）。該公司警告說，除了鑽探新的監測井以正確描述含水層特徵並確定原地恢復的參數外，還需要進行額外的測試來驗證這些結果。
In general, to support the use of ISR methods, hydrogeologic data is required to demonstrate the following:
通常，爲了支持ISR方法的使用，需要水文地質數據來證明以下內容：
1) Permeability of the mineralized horizon;
2) Hydrologic confinement of the mineralized horizon; and
3) Ability to return groundwater within the mined area to its original baseline quality and usage.
1) 礦化地平線的滲透率；
2) 礦化地平線的水文封閉；以及
3) 能夠使礦區內的地下水恢復到其原始基線質量和使用量。
The reader is cautioned that at this time it is too early to assess the feasibility of these recovery methods at Chord however, mineralization at this depth typically lies within the parameters of ISR mining and recovery.
提醒讀者，目前評估Chord這些開採方法的可行性還爲時過早，但是，該深度的礦化通常在ISR開採和開採的參數範圍內。
Qualified Person:
合格人員：
BRS has been retained by the Company to complete a NI 43-101 Technical Report on the project. Douglas L. Beahm, P.E., P.G., the principal engineer at BRS, and is a Qualified Person as defined in NI 43-101 who has reviewed and approved the technical data in this news release.
該公司已聘請BRS來完成有關該項目的NI 43-101技術報告。Douglas L. Beahm，P.E.，P.G.，BRS的首席工程師，是NI 43-101中定義的合格人員，他已經審查並批准了本新聞稿中的技術數據。
About Basin Uranium Corp.
關於盆地鈾公司
Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company has three advanced-stage uranium projects located in the United States, namely the Chord project in South Dakota, the South Pass project in Wyoming, and the Wray Mesa project in Utah. All three projects have seen extensive historical exploration and are located in prospective development areas. The Company also has the Mann Lake uranium project, located in the world-class Athabasca basin of Northern Saskatchewan, Canada, in addition to the CHG gold project in south-central British Columbia.
Basin Uranium是一家加拿大初級勘探公司，專注於綠色能源領域的礦產勘探和開發。該公司在美國有三個高級鈾項目，即南達科他州的Chord項目、懷俄明州的South Pass項目和猶他州的Wray Mesa項目。這三個項目都經過了廣泛的歷史探索，位於潛在的開發區。除了位於不列顛哥倫比亞省中南部的CHG黃金項目外，該公司還擁有位於加拿大薩斯喀徹溫省北部世界一流的阿薩巴斯卡盆地的曼恩湖鈾礦項目。
For further information, please contact Mr. Mike Blady or view the Company's filings at .
欲了解更多信息，請聯繫Mike Blady先生或在以下網址查看公司的文件。
On Behalf of the Board of Directors
Mike Blady
Chief Executive Officer
info@basinuranium.ca
代表董事會
邁克·布萊迪
首席執行官
info@basinuranium.ca
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
加拿大證券交易所及其監管服務提供商均不對本新聞稿的充分性或準確性承擔責任。
FORWARD-LOOKING STATEMENTS:
前瞻性陳述：
Cautionary Note Regarding Forward-Looking Statements: This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary include, without limitation, uncertainties affecting the expected use of proceeds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
關於前瞻性陳述的警示說明：本新聞稿包含某些陳述和信息，這些陳述和信息可能構成適用的加拿大證券法所指的前瞻性信息。除歷史事實陳述外，本新聞稿中的所有陳述，包括有關未來估計、計劃、目標、時機、假設或未來表現預期的陳述，均爲前瞻性陳述，包含前瞻性信息。通常，前瞻性陳述和信息可以通過使用前瞻性術語來識別，例如 “打算” 或 “預期”，或者某些行動、事件或結果 “可能”、“應該”、“將” 或 “發生” 的詞語和短語或陳述的變體。前瞻性陳述基於公司做出的某些重大假設和分析，以及截至本新聞稿發佈之日管理層的意見和估計。這些前瞻性陳述受已知和未知的風險、不確定性和其他因素的影響，這些因素可能導致公司的實際業績、活動水平、業績或成就與此類前瞻性陳述或前瞻性信息所表達或暗示的結果存在重大差異。可能導致實際業績變化的重要因素包括但不限於影響收益預期用途的不確定性。儘管公司管理層試圖確定可能導致實際業績與前瞻性陳述或前瞻性信息中包含的結果存在重大差異的重要因素，但可能還有其他因素導致業績與預期、估計或預期的結果不符。無法保證此類陳述會被證明是準確的，因爲實際結果和未來事件可能與此類聲明中的預期存在重大差異。因此，讀者不應過分依賴前瞻性陳述和前瞻性信息。提醒讀者，依賴此類信息可能不適合用於其他目的。除非符合適用的證券法，否則公司不承諾更新此處以引用方式納入的任何前瞻性陳述、前瞻性信息或財務展望。
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