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Moonshine Springs Deposit

  • 30 claims, 320 acre fee land leased, partially subject to royalty
  • Sandstone hosted in 3 units of Chinle Formation
  • Upper two zones lie at average 170 foot depth open pit potential
  • Lower zone at 700 foot depth
  • Deposit is open along trend
  • Adjacent to highway, ease of access
  • Historic Minearal Resource Estimates*
    • Pathfinder reported 1.44mm pounds @ U3O8.325% U3O8 (0.15% cutoff)
    • Increases to 1.86mm pounds @ 0.196% (0.05% cutoff)
    • Exxon reported the upper sands at 3.67 mm pounds @ 0.15% U308
    • Exxon lower sand estimate of 1mm pounds @ .26% U3O8
    • Best intercepts in lower sand with 6’ or more of 0.35% U3O8 are common

*Source: Cogema Mining, Inc., Internal Report, June 2004, “Arizona Strip and Moonshine Springs, AZ”, (including map titled: Grade X Thickness (GxT) Contour Method, Mineral Resource Estimate). Cogema’s  report provides a history of exploration on the property: Exxon Minerals Corp. began exploration on the property in 1974, and drilled 628 holes before giving up the property in 1981. During that period Exxon made various mineral resource estimates as reported above. Pathfinder Mines (Cogema) held the property from 1982-1992. It is unknown what drilling may have been done by Pathfinder. In 1992 the property became part of a joint venture between Pathfinder and Arizona Strip Partners (Energy Fuels). From 1992 to 1994 only unspecified geophysical work was done. Energy Fuels left the JV in 1995 for reasons unrelated to the Moonshine Springs deposit.

(The Company’s QP has not done sufficient work to classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource and the historic estimates should not be relied upon.)

Douglas H. Underhill, PhD, CPG, enCore’s Chief Geologist, is the Qualified Person as defined under National Instrument 43-101 and has reviewed and verified the information presented throughout this enCore Energy Corp. website.

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