Pancontinental Uranium Corporation (TSXV:PUC) and its joint venture partner Crossland Uranium Mines Limited (ASX:CUX) announced an update on its Charley Creek project.
As quoted in the press release:
Crossland is pleased to advise that Pancontinental has resumed funding of their 45% equity in the Joint Venture for 2012.
Crossland recently released an initial JORC-compliant Resource estimate of Indicated and Inferred alluvial Rare Earth Oxide (REO) Resources for two areas at the Charley Creek Project.
Crossland has commenced a comprehensive technical program to rapidly Enhance, Expand, and De-risk the Project to begin assessment of the economic viability of a large scale alluvial Rare Earth Oxide (REO) mining and processing operation. The principal elements of this program are as follows.