URZ: Initial NI Reno Creek 43-101 Resource

ROB CHANG, Versant Partners (10/21/2010)
"Uranerz Energy announced a maiden NI 43‐101-compliant resource estimate for its Reno Creek property located ~19 miles east of its flagship Nichols Ranch project in Wyoming. Reno Creek is estimated to contain an M&I resource of 4,292,948 lb. U3O8 at an average grade of 0.056%, as well as an inferred resource of 142,167 lb. at a grade of 0.039%.

The announced resource size and close proximity to the company's Nichols Ranch processing plant makes the Reno Creek project an excellent satellite deposit candidate. Nichols Ranch is in the final permitting stage and we expect a positive decision from the NRC—likely by year-end. The addition of the Reno Creek resources increases URZ' total known resources to 19.1 Mlb. in‐situ U3O8, which is an increase of 31.4%."

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