RE: Yellow cake15 Jul 2018 10:36
From May 2016 Highlands, the London listed natural resources company, is pleased to announce that it has increased its holding of uranium acreage in Utah to approximately 1,384.22 acres following the successful acquisition of eight mining claims ('Mining Claims') from Ticaboo Minerals, Inc. ('Ticaboo') in Grand County, which cover a total of 165.28 acres. The acquisition of these additional eight Mining Claims brings the Company's total claims in Utah to 67. Â The Mining Claims cover uranium and all other locatable minerals.
As previously announced, this potential uranium discovery was uncovered following Highlands' evaluation of oil and gas well logs in Utah. Highlands believes that the uranium can be mined via an in-situ mining process. These new Mining Claims are situated between some of the 59 unpatented Mining Claims already acquired by Highlands, making them central to the Company's area of interest and important to defining the extent of the potential in-situ mine. Highlands evaluated a log from a test well located within the Company's Mining Claims, which indicated elevated gamma ray readings exceeding 10,000 API units.