Sarasota, FL (PRWEB) February 6, 2006
A long forgotten drill hole may trigger a new uranium exploration frenzy in western Utah, according to a report published in StockInterview.com. Clancy Wendt, currently vice president of exploration for tiny Max Resource Corp (TSX: MXR; OTC BB: MXROF), is re-visiting a promising uranium drill hole once drilled when he was exploration manager for Phillips Uranium, a now-defunct subsidiary of Phillips Petroleum (NYSE: COP). “When you find something, you always remember that,” Wendt told StockInterview.com. He was referring to an economic grade drill hole Wendt found during a drill campaign in 1980 for Phillips in Utah’s Thomas mountain range.
Recently Wendt staked the ground abandoned by Phillips and optioned the claims to Max Resource Corp. The key target is the area’s caldera, which is a large crater formed by a volcanic explosion, located near the formerly producing Yellow Chief uranium mine. “It’s felt that the caldera was the source of the mineralization for the nearby Yellow Chief uranium mine,” Max Resource Corp’s president Stuart Rogers told StockInterview.com. “This is one that didn’t get on the radar screen – Clancy Wendt was one of the few guys who knew about it.”
Drilling should start soon, as early as this month, according to officials at Max Resource Corp. Wendt is extremely confident initial drilling will confirm uranium mineralization and offered a detailed explanation in the recent StockInterview.com feature, which can be viewed at: http://www.stockinterview.com/mxr.html
A key focus of the drilling is a potential upgrade of the 1980 “discovery hole,” which Wendt believes may yield a higher grade of uranium. Rotary mud drilling done two decades ago may have indicated a lower and inaccurate uranium grade. A higher uranium percentage in that hole, if found, could again trigger widespread interest in Utah, whose capital was once considered “The Wall Street of Uranium.”
CONTACT: Julie Ickes, StockInterview.com
Tel: +1 941 929 1640
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