Community Information
Cameco releases resource estimate for Kintyre
We completed a mineral resource estimate for Kintyre during the first quarter of 2011. It is based on 355 historical diamond drillholes and 261 new diamond drillholes. This market compliant estimate was prepared in accordance with the Canadian national instrument 43-101 requirements and published by Cameco on May 6, 2011 in the company's management discussion and analysis document for the first quarter of 2011.
Mineral resources
| As at March 31, 2011 (100% basis the last column shows Cameco's 70% share) (tonnes in thousands; pounds in millions) |
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| Category | Tonnes | Grade % U3O8 |
Content (lbs U3O8) |
Our share (lbs U3O8) |
| Indicated | 5,257.0 | 0.49 | 56.4 | 39.5 |
| Inferred | 505.0 | 0.47 | 5.3 | 3.7 |
To test the mineralization at depth, we drilled approximately 40 additional holes. We will incorporate the results of this drilling program in our mineral resource estimate once the program is complete.
We continue to advance the Kintyre project toward a development decision using our stage gate process. See our annual MD&A for more information regarding the milestones for this project. The report can be downloaded here.