Spider Rock Uranium Project
The Spider Rock claims are located in the Delores and San Miguel Counties of Colorado, in the heart of the four corners area of historical uranium and vanadium exploration and mining. The Four Corners region, where Utah, Colorado, Arizona and New Mexico meet, was a prominent area of uranium production for a number of years. Previous exploration highlights of this project include 28 drill holes confirming uranium and vanadium mineralization, and a historical resource of 185,000 pounds of uranium oxide (averaging 0.20 % over 1.83 meters) and 2,000,000 pounds of vanadium oxide. This exploration was completed by Western Nuclear, a subsidiary of Phelps Dodge Corporation during 1976 to 1984.
Recent developments in this region include the re-opening of the White Mesa uranium and vanadium mill by IUC Resources, which can process ore from a 350 mile radius. Anglo Canadian's geological team intends to further develop the project through commissioning of a NI 43-101 report, intended to further delineate the current historical resource and identify a plan for additional exploration and development.
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MAP OF SPIDER ROCK
Joseph Uranium / Vanadium Project
The Joseph Uranium / Vanadium project consists of 106 claims located in the Bull Canyon region in Colorado, within the Uravan Mineral Belt near the Utah border.
This claim group, known as the Joseph claims, is well known for its uranium and vanadium production, with five (5) historically producing mines included in the land parcel. They are located approximately 100 km east-northeast of Blanding, Utah, within the Uravan mineral belt. These mines include the Ura, Zebra, Peanut #1, Peanut #2, and Gilbert mines, which were operated by Union Carbide until 1983. The Bull Canyon region is a well known producer of uranium and vanadium, with a ratio of 5-1 vanadium to uranium. The average uranium grades reported from historical production were 0.20% -- 0.25 %, with vanadium grades ranging from 1.5% to 2.0%. All ore was located in the Morrision-Saltwash formation.
Eula Belle Uranium / Vanadium Project
The Eula Belle Uranium / Vanadium project consists of 52 claims located in Montrose County in Colorado , within the Uravan Mineral Belt.
The project area contains the Eula Belle-Bogus Uranium / Vanadium Mine which produced 1,485,550 pounds of U3O8 and 5,234,387 pounds of vanadium from 1961 to 1974. This property contains potential ore resources that will be brought up to NI 43-101 standards. Company management and Rimrock are currently in the process of collecting historical data from previous exploration programs conducted in the project area.
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MAP OF EULLA BELLE
King Uranium / Vanadium Project
The King Uranium / Vanadium project consists of 250 claims located in Montrose County in Colorado , within the Uravan Mineral Belt.
The project area is near the King Solomon Uranium / Vanadium mine that produced 3,172,420 pounds of U3O8 and 16,223,095 pounds of vanadium from 1974 to 1983. The King project also contains two large cluster drill areas containing 47 drill holes, with historical data from this zone being collected and verified by Rimrock and Company management. The Company believes that these two areas that hosted 25 and 22 drill holes respectively are areas of interest and plans to focus exploration on and near these zones.
Wild Steer Uranium / Vanadium Project
The Wild Steer Uranium / Vanadium project consists of 31 claims located in the Paradox Mining District, Montrose County in Colorado , within the Uravan Mineral Belt.
The project area includes two former producing mines; Wild Steer and Pluto which produced uranium and vanadium from 1959 to 1971. Average Uranium Grades from historical Production averages 0.15% with Vanadium grading 1.75% to 2.0%. The Company is currently reviewing documentation related to production figures for the mines located within the Wild Steer claims. Previous production was facilitated through ore cars on tracks and pneumatic tired wheelbarrows, which was done through manpower.
Gunslinger Uranium / Vanadium Project
The Gunslinger project consists of 41 uranium / vanadium claims consisting of 820 acres located in the Colorado Plateau district. These claims are located on Outlaw Mesa in Mesa County, Colorado. The claim area lies beneath Potato Mountain, which rises approximately 400 feet above the Mesa, and is surrounded on three sides by Department of Energy uranium land reserves. Atomic Energy Commission records show that various mines operated in the immediate area, including the G1 and G2 uranium / vanadium mines, which produced 165,397 tons averaging 0.25% U3O8 and 1.09% Vanadium from 1950 to 1960. These claims are also in close proximity to a number of historically producing mines in the Potato Mountain region previously operated by Vanadium Corporation of America, Worcester mines, and Union Carbide from 1948 to 1962, with historical production of 253,703 tons ranging from 0.22% U3O8 to 0.42% U3O8 and 1.43% to 1.80% Vanadium. All mines in the project area produced from surface to 250 feet below surface.
Tomcat Uranium / Vanadium Project
The Tomcat projects consists of 81 claims located on Wedding Bell Mountain on the Colorado Plateau area of the Uravan Mineral Belt. The Tomcat claims include a number of former producing mines including the Jackknife, Groundhog, and Bachelor mines. Other mines in the area include the Edna May, Rimrock, Rimrock #3, Babe Ruth, and Mexico mines, and a number of smaller mining operations. Previous exploration on the claims included drill programs at the Jackknife and Groundhog mines in the 1970's prior to the cessation of mining in the area. Grades reported from these historical drill programs indicate 0.16% to 0.25% U3O8, and averaging 1.25% Vanadium. Uranium mineralization in the Colorado Plateau is found in mineralized lenses, which were deposited in alluvial fans by braided streams. Current exploration techniques focus on the drilling of these lenses to further identify uranium resources. This area, being part of the Uravan Mineral Belt, has been a prolific producer of uranium since the early 1900's, with increased recent activity due to increased demand for uranium and a dramatic rise in the price of uranium. The Company is attempting to retrieve additional data from previous exploration programs for the planning of a future development program.
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Click to MAP OF COLORADO CLAIMS
Uravan Mineral Belt
The Uravan mineral belt was one of the world's most productive regions for uranium and vanadium in the 1950's, with all production ceased in 1984 due to low uranium prices. Since 1984 there have been short periods of resumed production due to increased vanadium prices, with no sustained activity until recently. With the increased price of uranium the region is being explored by a number of private and public companies, with a few mines currently in production. In addition to new mining in the area, a processing facility was recently recommissioned and may be accepting ore from regional mines.
Lonestar Claims, Outlaw Property, Mesa County, Colorado
The Lonestar claims contain two past producing mines with ventilation holes intact for each mine. On claims 65, 66, 71 and 72 there is a cluster drill out of 27 holes ranging from 200 to 350 feet deep. There is an additional cluster drill out on claims 59 and 65 with 10 holes at 500 to 600 feet deep. On claim 49 there is a Department of Energy (DOE) hole with four offset holes and on claim 69 there is another DOE hole drilled with no offset holes. The two DOE holes and one of the mines line up with the historical drill out on the Company's Gunslinger project and possibly indicate a trend or channel. In addition to the potential trend, the historical data and existing mines may indicate several trends running in a north easterly direction on Outlaw Mesa. The Company intends to complete all requirements necessary for the initiation of a drill program on this project in the coming weeks.
Gunfighter claims, Outlaw Property, Mesa County, Colorado
The Gunfighter claims border the DOE withdrawal tract on the north side. This tract, which contains the G2 shaft, was a major producer from the 1950's to the 1980's. Eight (8) mines lie in close proximity to the Gunfighter claim group, and consist of small and shallow deposits. The Company intends to complete drilling at a depth greater than 200 feet through its development partner.
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