AREVA uncovers more uranium riches in eastern Mongolia
AREVA announced that its Mongolian subsidiary has discovered yet another big deposit of uranium in Mongolia.
According to AREVA Mongol, its exploration of the Zoovch Ovoo project in Ulaanbadrah Soum has uncovered 50,000 tonnes of grade 0.01% uranium. The find is comparable in size to the largest deposits in Kazakhstan.
In addition, tests have proven that the valuable radioactive ore can be mined with the in-situ leaching (ISL) method used by AREVA.
Armed with 28 exploration licenses, AREVA Mongol is currently canvassing more than 14,100 square kilometres in the East Gobi province of Mongolia for uranium deposits that can be mined using ISL technology. Back in 2010, the Company discovered 9,888 tonnes of uranium in Dulaan Uul, and it is currently considering the feasibility of mining it as well as the Zoovch Ovoo project.
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