Location:	Garfield County, Utah
Property Position:	59 Lode Mining Claims
Ownership:	100%
Grades:	0.25% - 1.68%

The Little Egypt Project lies in the Little Egypt Uranium district of southeastern Utah, approximately 21 miles south of Hanksville. This property covers some of the district's main historic workings that occur at the boundary between the middle and lower sequence of the Salt Wash Member of the Jurassic Morrison Formation, one of the nation's most prolific uranium-producing stratigraphic units and the key stratigraphic horizon for uranium and vanadium mineralization and production in the Little Egypt district.

Magnum's claims cover a part of the district that has seen small, but high-grade production from shallow open-pit and underground workings. Mineralization identified on the property by Magnum geologists includes a combination of the primary minerals pitchblende and coffinite, as well as the secondary uranium mineral carnotite, which occurs as yellow coatings on fractures and is associated with the primary uranium minerals. Uranium mineralization exists in gray carbonaceous mudstone and gray-brown sandstone containing coalified plant debris and organic trash, all associated with distributary paleo-stream channels and overbank deposits of the Salt Wash Member.

Magnum Exploration Activities

Sampling of both surface rock outcrops and underground workings by Magnum geologists have returned U3O8 values in the 0.25% to 1.68% range and up to 0.54% for associated vanadium in selected samples. Detailed geologic investigation of this higher-grade target is planned for this coming year.

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