Canadian mining company will start new uranium exploration in Argentina | The most important news and analysis from Latin America | D.W.

The Canadian mining company Consolidated Uranium announced on Monday (04.11.2022) that it would launch a new uranium exploration program at Laguna Salada, in the province of Chubut, in the south of Argentina.

The company said in a statement that, if it obtains the necessary permits, it plans to launch a systematic exploration program later this month on the so-called La Rosada target in the Laguna Salada project area.

“We are excited to start this program at Laguna Salada, which represents the first work on the project since 2012,” said company CEO Philip Williams.

La Rosada is located approximately 40 kilometers from the Guanaco and Lago Seco areas, which are also part of the Laguna Salada project.

According to Williams, La Rosada has similar geology and mineralization to the Guanaco and Lago Seco zones, so the new target “offers potential.”

“Our plan is to systematically define the extent of potential uranium-vanadium mineralization, which is the first step towards drilling potential on the project,” he said.

Laguna Salada is an advanced exploration project located in the central part of Chubut province.

Last December, Consolidated Uranium announced the acquisition of the Laguna Salada project from the also Canadian U308.

gs (efe, Financial Post)

Alvin Nguyen

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