OCR Text |
Show Uranium Industry Plans Big Drilling Year AcciM-ding to ii survey conducted con-ducted by til io Atomic Ktv orgy Commission's oriice in Cramt Juncttiui, Colorado, the domestic uranium industry in-dustry is planning about 2-J.CtHJ.CtMl feet of surface exploration ex-ploration and development during cabinbr year 107,). This compares with :i(),t)0i,00!) foot actual'ly drilled in l!)!l'.J. This survey information represents the combined estimates es-timates of drilling footago aml associated costs for 52 companies. Tlie.se coinpan-iiw coinpan-iiw project ;i total of about 78,Cl,Ot):) fcot of drilling dur-linlg dur-linlg the four years 1!)70 through 1973 at a total cost of $123 million including technical tech-nical and administrative. rusts, bul excluding costs for rrqirwilion of lands and exploration ex-ploration rights. Of the total drilling planned plan-ned for the next four years. 5:),(n),t;;:i) root lis dassil'iod as exploratory in search of new detpos'ts, ami 27,!);i:i,tHI( feet fis development dli-illiinig in proparalion for mining. The new eslimhte of annual an-nual drilling for (lie next four years is as follows: During cakwid.ir year 197B, nil estimated 2:!,73'.),(i()J feet of drilling will be done. 1971 Ciil have 19,230, cstiinat-ed cstiinat-ed feet; 1972, i;i,2(i,03O and 1973, n;,71l),K) Tor a total of 77,93:),()',K) estimated foot of drilling for the four calendar cal-endar years. |