Interim report on diamond-drill exploration and plans for additional drilling in the Monogram Mesa area, Montrose County, Colorado
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Between October 6, 1953, and July 23, 1954, 120 holes totaling 89,999 feet were drilled in both close-spaced and wide-spaced patterns on Monogram Mesa to search for uranium-bearing deposits that might support new mining operations and to appraise uranium reserves. A preliminary estimate of indicated and inferred reserves containing 0.10 percent or more U3O8 or 1.0 percent or more V2O5 in layers 1 foot or more thick totals about 8,100 short tons of ore that averages about 0.50 percent U3O8 and 5.00 percent. V2O5. A potential ore reserve of not less than 250,000 short tons of about 0.30-0.35 percent ...