Jaguar Uranium Completes Initial Rock Sampling at Huemul Project
Jaguar Uranium completed its initial 200-sample rock sampling program at the Huemul Uranium-Copper-Vanadium Project located in Malargue, Mendoza Province, Argentina. The two-week field campaign delivered "encouraging" early observations, indicating potential new mineralized areas across the more than 27,000-hectare district-scale project. Near the former Huemul mine itself, the team identified and sampled two outcrops exhibiting visible uranium and copper mineralization consistent with historic records. Historic mine dumps appear to contain uranium, copper and vanadium mineralization, representing a previously unsampled area warranting further evaluation. In the southern part of the project, field observations indicate the presence of mineralization at multiple locations on the ground. Assay results from the 200 samples are pending. The Huemul Project is anchored by Argentina's first-ever producing uranium mine, commissioned in 1955 and operated continuously until 1975. Historical records document approximately 130,000 tons of ore processed at the Malargue plant, with head grades averaging 0.21% uranium, 2.0% copper, and 0.11% vanadium. The company has formalized its relationship with the provincial government through a Collaboration Agreement with the Province of Mendoza, signed March 4, establishing government-to-company cooperation across its Mendoza properties.
