Acquisition Of The Sun Uranium Project In Utah

VANCOUVER - C2C Metals Corp. reported the acquisition of the Sun Uranium Project located in easternmost Utah between the prolific Uravan, Lisbon Valley and La Sal Uranium Districts. The Sun Uranium Project was identified through research of proprietary mineral databases.  The Sun Uranium Property consists of 120 claims, covering almost 4 square miles, located approximately 40 miles southeast of Moab, Utah. 1950's exploration at the Sun Uranium Project included 23 drill holes by New Jersey Zinc with good grade uranium and vanadium mineralization from the Salt Wash sandstone, the host of most uranium production from the La Sal and Uravan Districts. Historical shallow drilling was conducted adjacent to mineralized outcrops that extend below surface. Planned exploration will focus upon uranium exploration in the Salt Wash sandstone, along trend, from the successful previous drilling. The combined Uravan District of western Colorado, the Lisbon Valley and La Sal Districts of eastern Utah, produced more than 150+ million pounds of uranium plus hundreds of millions of pounds of vanadium. Utah is an Agreement State, which provides state-controlled permitting as devolved from the Nuclear Regulatory Commission resulting in expected shorter permitting timelines.

The uranium-vanadium mineralization at the Sun Uranium Project is hosted in the Salt Wash Sandstone as originally discovered in outcrops along the erosional edge of a mesa. These Salt Wash deposits differ from both the roll-type uranium deposits of Wyoming and the tabular-type deposits of New Mexico because of the universal association of vanadium with the uranium. A small part of the area covered by the Sun Uranium Project has seen historical drilling and sampling, as recorded in a written report by the New Jersey Zinc Company1, together with other historical supporting information. Historic drilling in 1954, of 23 holes less than 100 feet in depth, from a very small area near the outcrop included 10 "definite ore" grade uranium intercepts ranging from 0.15% U3O8 to 1.50% U3O8. An early non-compliant historical resource estimate made using data from the 23 drill holes was 32,100 lbs. U3O8, at an average grade of 0.20% U3O8.