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In 2008 and early 2009 Uranium
International acquired the company’s current core group of
properties and their historic data concerning exploration
and drilling. In total, the Company now has agreements in
place to explore an accumulated total uranium portfolio of
just over 20.5 million resource pounds, which is technically
compliant per National Instrument 43-101.
The acquisitions consist of
several groups of properties and are being transacted
between Uranium International Corp., and Trans Atlantic
Metals AB (a Swiss company) and Geoforum (a Swedish Company)
and between Uranium International Corp. and Continental
Precious Minerals (a Canadian company with mineral interests
in Sweden). These properties and the associated licenses,
represent the Company’s portfolio, which it intends to
validate through exploration, and expand as warranted.
Using these acquisitions as a
foundation, Uranium International plans to leverage its
expertise in uranium mining, add key personnel and create
solid financial support based on the merits developing its
promising asset base.
CPM Acquisition Group, Sweden
The Company entered a Letter
Agreement to purchase a total of thirteen exploration
licenses uranium deposits held by Continental Precious
Minerals Ltd. (“Continental”) in Sweden in April 2009.
The exploration licenses cover
seven drilled uranium deposits and one property containing a
uranium occurrence as detailed in the National Instrument
43-101 compliant technical report issued by Telluride &
Associates on the properties in July 2005 and restated in
September 2005. The licenses encompass a total area of
583.95 hectares in the northern half of Sweden, south of the
Arctic Circle.
Telluride & Associates generated
CIM indicated resources at four of the deposits from the
available inferred resource sectional data and, after
review, has accepted two historical, geostatistically based
estimates at the Pleutajokk and Lilljuthatten deposits as
being equivalent to CIM indicated resources. The inferred
resources at Sågtjärn are underdrilled and are not
considered suitable as a whole for indicated resource
status.
Telluride & Associates resource estimate at the properties
as at July 15, 2005:
|
Deposit |
Resource Type |
Resource(t) |
Grade %U3O8 |
Tonnes/U3O8 |
Kg U309/Tonne |
|
Skuppesavon |
Inferred |
304,000 |
.076 |
271.2 |
0.89 |
|
Skuppesavon |
Indicated |
674,000 |
0.069 |
540.03 |
0.81 |
|
Pleutajokk |
Inferred |
~1,460,000 |
~0.101 |
~1,743.7 |
~1.19 |
|
Pleutajokk # |
Indicated |
470,000 |
0.117 |
649.6 |
1.38 |
|
Kvarnån |
Inferred |
315,000 |
0.058 |
217.0 |
0.68 |
|
Kvarnån |
Indicated |
1,625,000 |
0.076 |
1,459.6 |
0.89 |
|
Björkråmyran |
Inferred |
380,000 |
0.099 |
362.0 |
0.95 |
|
Björkråmyran |
Indicated |
954,000 |
0.100 |
1,111.9 |
1.16 |
|
Lilljuthatten |
Inferred |
~168,000 |
~0.026 |
~50.7 |
~0.30 |
|
Lilljuthatten # |
Indicated |
779,000 |
0.206 |
1,895.8 |
2.43 |
|
Nöjdfjället |
Inferred |
271,000 |
0.041 |
129.4 |
0.47 |
|
Nöjdfjället |
Indicated |
485,000 |
0.068 |
386.6 |
.80 |
|
Sågtjärn |
Inferred |
756,000 |
0.058 |
516.0 |
0.068 |
Note: # denotes resource bases
estimated by geostatistical methods; indicated resources
taking precedence in tonnage and content allocation over
inferred resources; the cut-off grade is 300ppm
Trans Atlantic Metals AB/Geoforum
Group, Sweden
In January 2009, Uranium
International entered into an agreement with Trans Atlantic
Metals AB and its wholly owned subsidiary, T.A. Metals for
exclusive options to acquire up to an 80% undivided interest
in four mineral properties in Sweden, subject to a 3% NSR
royalty. A similar transaction was negotiated with Geoforum
on an additional four properties.
Uranium International Corp.
enters the option agreement with the intent of exercising
its options for the properties and then entering into a
joint venture agreement in order to jointly develop the
properties currently held by option by T.A. Metals. The
properties are characterized by T.A. Metals and third-party
data as containing significant uranium mineralization. Any
such mineralization has not yet been classified under
National Instrument 43-101 guidelines.
Note: Table denotes Historical
Mineral Resources (non NI 43-101 compliant).
|
Property |
Drill Holes |
Indicated (tU) |
Grade %U3O8 |
Tonnes/U3O8 |
Av. Grade |
|
Labbas |
49 |
150 |
300-1500 |
0,4-3,9Mlb |
0,10% |
|
Bjorklund |
120 |
|
300 |
1,9-4,7Mlb |
0.10% |
|
Raverberget |
46 |
30 |
50-500 |
1,9-4,7Mlb |
* |
|
Langtrask |
77 |
100 |
400-1000 |
1,9-4,7Mlb |
0,05% |
|
Laïsback |
218 |
|
100-500 |
0,3-1,3Mlb |
0,15% |
|
Pustaberget |
132 |
|
200-2000 |
0,5-5,2Mlb |
0,15% |
|
Märrviken |
45 |
|
50-100 |
|
* |
|
Staverberget |
209 |
|
50-100 |
|
* |
*=data file to be examined
UIC Swedish Properties
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| Click map to
enlarge |
The properties shown above include Uranium International
Corp.’s current prospects from the agreements in place with
T.A Metals Group/Geoforum and Continental Precious Minerals
as of May 2009.
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