Why New Mexico?
New Mexico has been selected by Millrock as a focus area for uranium as well as base and precious metal projects for the following reasons:
Significant past producer with 163,010 tons of U3O8 produced from 1948 – 1982 (New Mexico Magazine, 1983, v. 5, no. 3).
Recently developed in-situ mining techniques allow for more environmental-friendly, low-cost-high-margin processing and recovery.
For Base and Precious Metals
Large-scale deposits (i.e. Santa Rita and Chino porphyry copper deposits)
Excellent potential for discovery of blind deposits
Demonstrated potential for deposits conducive to underground bulk mining
Secure land tenure
Stable geopolitical climate
Stringent but practical environmental regulation