Inferred resource at West Alkali Creek Deposit

WildHorse Energy Ltd has announced a JORC-compliant Inferred Resource....

  WildHorse Energy Ltd has announced a JORC-compliant Inferred Resource for the West Alkali Creek uranium deposit, which forms part of its Bison Basin Project in Wyoming, United States.WildHorse has established an initial JORC-compliant Inferred Resource of 0.91 million tonnes at 0.089%, for 1.8 million pounds (810 tonnes) of U3O8, with a cut-off grade of 200 ppm, for the West Alkali Creek uranium deposit. The resource estimation has been independently completed by RSG Global Consulting, a subsidiary company of Coffey Mining.This is the first stage of WildHorse’s program to define JORC Resources for the ground across Basin areas controlled by WildHorse Energy.“This result is entirely consistent with the historical reports of the West Alkali Creek area, which was the location for the original mining operation in the 1980’s,” WildHorse CEO Richard Pearce said.“We now have a high level of confidence to progress the next stages of work toward our initial target of 4-5 mlbs of U3O8. We can now also plan further work to realise our longer term target of over 10 mlbs of JORC compliant resources in the wider Bison Basin.”This initial resource relates to approximately 10% of the ground held by WildHorse. The estimation included 440 holes out of a total of 3500 drilled in the Basin. The estimates are based on extensive historical drilling and radiometric and assay data that has now been verified by RSG Global, following QAQC procedure, and incorporated into new digital databases. Surpac software was used to construct wire frames and block grades were estimated by ordinary kriging.