Pichiñan Project
- SIERRA DE PICHIÑAN is one of the most important uranium projects in Argentina, due to the quality of its ore and the amount of its potential reserve
- It is located within the very well-known Argentine Cretaceous Uranium District in the Province of Chubut, just 60 km away from the Cerro Solo Project, owned by the Argentine Government. The surface of the project is over 46,000 hectares, emplaced between 600 and 700 meters above sea level.
- The area of interest presents smooth topography and a dry continental climate, thus allowing exploration and exploitation activities to be performed almost all year round, except for a short snowing period during winte
- Uranium mineralization is emplaced in fluvial Cretaceous sediments, occurring at a depth of 50 to 130 meters.
- The SIERRA DE PICHIÑAN PROJECT is at an initial stage of exploration. The very promising results of the geological studies performed during such stage allowed the assessment of various similarities with the neighboring Cerro Solo deposit.
- It is expected that the following exploration stages will confirm such results and may therefore establish common patterns, characteristics and amounts of mineral reserves. If so,
- Recoverable uranium resources may reach 4,600 tons of mineral, taking into account both indicated and inferred categories
- Mineral ore would consist mainly of a uranium-organic material association and, subordinately, uraninite (UO2) and coffinite. Molybdenum could also be found in the form of jordisite (MoS2) and ilsemannite (Mo3O8(H2O)), closely linked to the uranium mineralization and to the organic material presence.
- The Uranium average grade would range from 0.3% to 0.5% (3- 5 kg U/ton). The average molybdenum grade would be 0.2%.
