Molybdenum Exploration Program Approved
RIVERTON, WY - U.S. Energy Corp. reorted on it's Lucky Jack Molybdenum Project near Gunnison, Colorado.
The Company's partner at the Lucky Jack Molybdenum Project, Kobex Resources Ltd. has received approval from the Colorado Division of Mining, Reclamation and Safety for an amended work program to undertake delineation drilling at its Lucky Jack molybdenum deposit. Safety and potential cost considerations related to rehabilitating the old workings dictated revision of the initial program. In accordance with the new program, most of the old workings located in the historic Keystone Mine will be bypassed by construction of a new access drift.
A notice of activity incorporating this revised program has recently been submitted to Gunnison County for its review. It is now anticipated that this program, including drilling, will be completed by mid-2009.
A meeting with the United States Forest Service ("USFS"), the lead regulatory agency in the project permitting process, was held in January to inform the USFS of Kobex's and U.S. Energy Corp.'s plans and to discuss the timing for submission of a Plan of Operations to the USFS. As a result, it is now projected that the Plan of Operations will be submitted to the USFS in the third quarter of 2008. However, Kobex expects the collection of environmental data to begin in mid-2008, concurrent with the rehabilitation, access and drilling programs. This approach should not significantly impact the time for completion of the entire mine development and permitting process.
At the meeting with the USFS, Kobex conveyed its commitment to incorporate the highest environmental standards into its mine design and also make this data available to the public via the US National Environmental Policy Act (NEPA). "We informed the USFS that it is our objective, upon closure of the proposed mine, to eliminate long-term environmental liabilities such as the need to treat acid drainage in perpetuity," stated Maurice Tagami, Chief Operating Officer of Kobex Resources Ltd.
The company's address is 877 North 8th West, Riverton, Wyoming 82501, (307) 856-9271, fax: (307) 857-3050.
RIVERTON, WY - U.S. Energy Corp. reorted on it's Lucky Jack Molybdenum Project near Gunnison, Colorado.
The Company's partner at the Lucky Jack Molybdenum Project, Kobex Resources Ltd. has received approval from the Colorado Division of Mining, Reclamation and Safety for an amended work program to undertake delineation drilling at its Lucky Jack molybdenum deposit. Safety and potential cost considerations related to rehabilitating the old workings dictated revision of the initial program. In accordance with the new program, most of the old workings located in the historic Keystone Mine will be bypassed by construction of a new access drift.
A notice of activity incorporating this revised program has recently been submitted to Gunnison County for its review. It is now anticipated that this program, including drilling, will be completed by mid-2009.
A meeting with the United States Forest Service ("USFS"), the lead regulatory agency in the project permitting process, was held in January to inform the USFS of Kobex's and U.S. Energy Corp.'s plans and to discuss the timing for submission of a Plan of Operations to the USFS. As a result, it is now projected that the Plan of Operations will be submitted to the USFS in the third quarter of 2008. However, Kobex expects the collection of environmental data to begin in mid-2008, concurrent with the rehabilitation, access and drilling programs. This approach should not significantly impact the time for completion of the entire mine development and permitting process.
At the meeting with the USFS, Kobex conveyed its commitment to incorporate the highest environmental standards into its mine design and also make this data available to the public via the US National Environmental Policy Act (NEPA). "We informed the USFS that it is our objective, upon closure of the proposed mine, to eliminate long-term environmental liabilities such as the need to treat acid drainage in perpetuity," stated Maurice Tagami, Chief Operating Officer of Kobex Resources Ltd.
The company's address is 877 North 8th West, Riverton, Wyoming 82501, (307) 856-9271, fax: (307) 857-3050.