The 100% owned Valencia Deposit is located 35 km along strike to the world class producing Rössing Uranium Mine and 40 km north of the Langer Heinrich Uranium Deposit.
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A resource upgrade as part of a pre-feasibility technical report prepared by Snowden Mining Industry Consultants in June 2007 states that, “Snowden considers that the Valencia Property represents an advanced stage project which has potential for development as a profitable open-pit mining operation."
Forsys has completed initial scoping, pit optimization, metallurgical environmental and economic studies with the objective to fast track a production decision. Given the advanced stage of the project, its location close to existing infrastructure in a politically stable country with a track record of supporting the successful development and exploitation of its uranium resources, the Valencia project presents a rare opportunity for the investor to participate in what could potentially be the next uranium deposit put into production.
Enviro Dynamics and ERM. 2007. Valencia Uranium Project Environmental Assessment and Environmental Management Plan Scoping Report. Prepared for Forsys Metals Corp. 77 pp.
