- Okapi Resources (OKR) engages BRS Engineering to help advance its Maybell uranium project in Colorado
- BRS Engineering has extensive experience working in the uranium industry
- It will review and catalogue around 750 historical documents from previous site owners and operators
- Maybell produced more than 5.3 million pounds at an average grade of 1300 parts per million of triuranium octoxide
- Okapi shares are up 4.88 per cent, trading at 21.5 cents at 2:16 pm AEDT
Okapi Resources (OKR) has called on BRS Engineering to further advance the development of its Maybell uranium project in Colorado.
Okapi will utilise BRS Engineering’s extensive experience in the uranium industry, to better understand the project’s geologic setting and exploration potential.
BRS Engineering will review and catalogue around 750 historical documents from the site’s previous owners and operators. The review is expected to be completed by the end of March.
The company said the review marks a significant step towards beginning exploration and drilling programs to validate existing mineralisation in the Upper Browns Park Formation and delineating additional mineralisation in the Upper and Lower Browns Park Formation.
Okapi recently finalised the acquisition of 45 new mining claims and one state mineral lease on January 5, which included an extensive historical database with geological data, drill logs, mine and operational data.
The company believes the acquisition bolsters its coverage of a recognised uranium trend at Maybell, which historically produced more than 5.3 million pounds at an average grade of 1300 parts per million of triuranium octoxide.
Okapi prides itself on being a new leader in North American carbon-free nuclear energy.
OKR shares were up 4.88 per cent, trading at 21.5 cents at 3:00 pm AEDT.