Green Shift Commodities Ltd. (GRCMF)

[Tommy]

$UWEFF - Continuous Surface Mining Scenario to Be Contemplated in Economic Assessment of U3O8 Corp's Laguna Salada Deposit in Argentina for a Potential Low-Cost Project

Improved beneficiation results in 15 times increase in uranium grade

http://finance.yahoo.com/news/continuous-surface-mining-scenario-contemplated-104500439.html

..."TORONTO, ONTARIO--(Marketwired - Sept. 26, 2013) - U3O8 Corp. (UWE.TO)(UWEFF), a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, outlines the positive beneficiation work and one potential mine concept being considered in the Preliminary Economic Assessment ("PEA") that is underway on the Laguna Salada Deposit in Chubut Province, Argentina.

"Given the project's simplicity and the proposed joint venture with Petrominera Chubut S.E., Chubut's provincial mining company, U3O8 Corp's Laguna Salada Deposit is shaping up to be a potentially near-term, low-cost uranium producer that could help Argentina reduce its 100% reliance on imported nuclear fuel," said Dr. Richard Spencer, U3O8 Corp's President and CEO. "The continuous surface mining option being assessed in the PEA would be by machines very similar to those that cut and lift old asphalt from roads that are being repaved. One could picture the continuous surface mining concept as a long shallow trench that migrates sideways across a gravel plain with gravel being removed from the leading edge of the trench, washed, and replaced on the trailing edge. This mining option would be expected to see 95% of the original gravel returned to the excavated area, reshaped to its original topography and revegetated with shrubs transplanted from the advancing side of the trench. After mining, there would be little evidence that mining had occurred."" ...