Updated: Thursday, 26 Aug 2010, 9:30 AM MDT
Published : Thursday, 26 Aug 2010, 9:29 AM MDT
GRANTS, N.M. (AP) - Lewisville, Texas-based Uranium Resources Inc. plans to start drilling in the Grants uranium belt of northwestern New Mexico in early September.
URI has contracted with Stewart Brothers Drilling Co. of Milan to drill at the Ambrosia Lake region property to evaluate its suitability for in-situ recovery mining.
A state permit allows the company to drill up to 10 holes to extract core samples until November 2011.
The Ambrosia Lake property in McKinley County is known as Section 13.
URI says it has about 2.4 million pounds of mineralized uranium material in the Ambrosia Lake district and a total of 101.4 million pounds of mineralized uranium material in New Mexico.
None of URI