Junior Takla Star (ASE) and Uranerz USA have signed a second joint-venture agreement, which will enable the former to explore an additional 10,320 acres in Nevada’s Crescent Valley.
Takla can acquire a 40% interest in Uranerz’s Utah and Cortez projects, as well as a 33% interest in Uranerz’s right to earn 70% of the Orbit and Hand-Me-Down projects.
Takla’s commitments include spending US$3.5 million over five years. This year’s budget for the properties is $US500,000 and includes about 10,000 ft. of drilling.
The drilling, to start in April, will test various targets above and below the Roberts Mountain Thrust, a structure associated with known gold deposits. Takla will also search for gold mineralization associated with intrusive rocks.
Uranerz USA is a wholly owned subsidiary of Uranerzbergbau GmbH.
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