Thursday, November 11, 2010

Black Range Minerals Seeks To Expand Uranium Exploration Of Taylor Ranch


Fremont County Commissioners decided at Tuesday’s meeting to table a request for approval of a conditional use permit for Taylor Ranch Exploration/Black Range Minerals Colorado LLC, to allow expansion of the mineral exploration area.

The issue was moved over to the Nov. 23 meeting. The proposed CUP amendment was tabled from the Sept. 28 board of commissioners meeting when the public hearing was closed.

“The board of commissioners has spent a number of hours throughout late October and the last few days trying to determine the exact direction on this application,” Commissioner Ed Norden said. “And much of that time has been spent as Bruce Smith, our water consultant with Western Water & Land, reviewed some of the information that he presented at the public hearing on Sept. 28.”

The board sought specific guidance from Western Water & Land, Norden said, and it took some time for Smith to generate particulars to possible proposed conditions for further exploration.

After a couple of conference calls with staff and Smith, coupled with several staff meetings, Commissioner Mike Stiehl said the commissioners would like to proceed differently. Instead of taking action before drafting conditions on the CUP, the commissioners first would like to set conditions.

“In this case, since our conditions are particularly complex, I think it’s important that we have a good understanding of what the conditions might be,” Stiehl said.

Smith sent a seven-page report with four pages of attachments to the board, regarding water monitoring during the exploration process. Norden said he did not feel the board has had adequate time to weigh all of the conditions to render a decision at Tuesday’s meeting.

Black Range Minerals Exploration Manager Ben Vallerine asked the commissioners to be able to weigh in on proposed conditions.

“I think it is our intent to get Black Range to react to the conditions, as well,” said Norden, “because of any logistics and consider that, and then probably get Bruce Smith’s reaction one more time.”

“I’m happy with that as a general decision of the board,” Vallerine said. “But, what I wanted to make sure was that I’d like to see these conditions in a draft stage and then have the opportunity to call in and negotiate.”

The conditions offer a great amount of detail from a language standpoint, Norden said.

 


Hansen Uranium Project

Immediately south of, and adjacent to the Taylor Ranch Uranium Project is the Hansen Uranium Project, which the Company recently secured exclusive rights to acquire a 100% interest in.

The Hansen Project hosts a series of uranium deposits within the same mineralized trend that hosts the deposits within the Taylor Ranch Project, and includes the North Hansen, Hansen and Picnic Tree uranium deposits. The Hansen Uranium Deposit is the largest of all of the uranium deposits within the mineralized trend (including those in the Taylor Ranch Project).

The Hansen Uranium Deposit was discovered in 1977. It immediately became the focus of a concerted exploration programme by previous owners that led to the definition of approximately 30 million pounds of mineable U3O8 at a grade of ~0.08% U3O8. A previous owner completed a positive bankable feasibility study on the Hansen deposit in the early 1980s and all permits were in place to commence open cut and underground mining and to construct an on-site processing facility. However the global uranium price collapsed prior to commencement of construction and until recently no further work was undertaken.


HANSEN/TAYLOR RANCH URANIUM PROJECT
Colorado U.S.A.

Mike Haynes,
Managing Director,
Black Range Minerals Limited





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