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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation

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To: Tim Hall who wrote (326)8/11/1999 3:06:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) of 2392
 
Forgive my ignorance of mining, but this paragraph baffled me:

World Vanadium is currently examining technologies that could further reduce the operational costs of producing our resources of uranium and vanadium. While these studies are in their infancy, indications are that the use of heap-leach technology can substantially increase our reserve base by including reserves that are currently considered unacceptable by our current milling contract with IUC White Mesa Mill.

I see that "Heap Leach/In-situ Leach" is defined as "Process by which uranium ore (sometimes others) is leached (in a heap or in place) using a highly toxic acidic solution to extract uranium." How exactly then does the HABE process apply here? Also, I take it IUC never mentioned a "current milling contract with IUC White Mesa Mill"?!

- Jeff
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