Initial Exploration/Verification Program Completed At Long Canyon Project
VANCOUVER - US Critical Metals Corp. (USCM) announced the completion of an exploration/verification program at the Long Canyon Uranium and Vanadium Project in Idaho . Long Canyon is comprised of 20 contiguous unpatented mining claims and three blocks of four claims which are non-contiguous unpatented mining claims in the state of Idaho. The 20 contiguous unpatented mining claims are located on land administrated by the Bureau of Land Management. The three non-contiguous unpatented mining claims blocks are located on land administered by the United States Forest Service. Historical sample results have shown up to 3,985 ppm U3O8 and 5,279 ppm V2O5 in soil samples. USCM holds a 70% interest in Long Canyon.
The recently completed exploration program focused on expanding and confirming the historical results and targeted priority areas, which include indications of drilling and trenching. The current program included a total of 19 samples as follows: 1) Samples from historic prospects comprised of numerous dozer / track hoe excavations into locally-gossanous shale-sandstone-dolomite bedrock. USCM collected eight (8) outcrop / subcrop rock samples proximal to previously collected samples with reported uranium enrichment. 2) Samples from historic trenches and drill sites into locally gossanous black shale-sandstone bedrock. USCM collected three (3) rock chip samples from outcrop / subcrop / drill cuttings in or near historic trenches. 3) Samples from historic roads and trenches cut into locally gossanous black shale-sandstone bedrock. USCM collected three (3) outcrop / subcrop rock chip samples from historic trenches. 4) Samples from trenches into locally gossanous black shale-sandstone bedrock. USCM collected five (5) outcrop / subcrop rock chip samples from historic trenches.
USCM expects to release sampling results and interpretations upon receipt of assays and determine future plans for continued exploration of the Property at that time. The next phase of work is expected to include further geochemical sampling, detailed geological mapping, and a UAV spectrometer radiometric survey to better map and identify areas with elevated uranium concentrations. The near-term objective of the Company is to further delineate priority targets for a focused drill campaign to determine the extent of uranium and vanadium mineralization.
Darren Collins, CEO and Director, said, "Long Canyon is an asset with the potential to define a new source of uranium and vanadium in the state of Idaho. Uranium is potentially a viable source of energy to support the energy transition from fossil fuel and has been gaining momentum with governments and producers internationally. We will continue to allocate resources to further explore this asset. We look forward to the forthcoming assays and will announce the results when we receive them."