“As Quebec is one of the top-ranked mining jurisdictions in the world, Auric is advancing quickly to grow its’ portfolio of highly prospective uranium assets with these three properties,” commented CEO Chris Huggins in a news release.
Shares of Auric Minerals closed Tuesday’s session 15.9% higher at C$1.75 apiece, with a market capitalization of approximately C$27 million ($19 million). Its 52-week trading range is C$0.12-C$4.29.
Project details
Auric compares the mineralization at both the Caboose and Manic projects to the Rossing-type deposits found in Namibia and Madawaska, Ontario.
About 10 radioactive pegmatite dykes are observed on the Caboose property, stretching over a distance of nearly 1 km. Historical sampling in the area yielded grades as high as 1.53% uranium oxide (U3O8).
The target uranium mineralization at the Manic project consists of disseminated uranium minerals in pegmatite…
