News

September 04, 2008

Wildhorse Energy Has Some Interesting Choices To Make On Its Uranium Assets In Wyoming And Hungary

By Charles Wyatt

As its name might suggest, Wildhorse Energy has little time for the navel gazing of Australian politicians over their uranium policy, and has instead gone seeking highly prospective uranium projects elsewhere in the world. Wisely it has decided that the two largest markets for uranium are the United States and Europe, and has therefore built up a portfolio of development and exploration projects that offer the potential for long term uranium production to feed the rapidly growing demand for uranium in these two markets. It is operating in countries with a history of uranium mining, and where demand outstrips supply, and it aims to have uranium production by 2010.

In the States Wildhorse Energy has a couple of projects in Wyoming. The most advanced of these is in the Greater Bison Basin, where the Bison Basin project area covers part of a roll-front uranium mineralised trend, the subject of a previous 2,500 drill hole investigation. The original development there operated as an in-situ leach mine which produced around 60,000 pounds of U3O8 in the early 1980s. It’s been estimated that the historic resource drilled up amounted to anything from 10 million...