(Kaieteur News) – Canada-based U92 Corp. says its flagship Kurupung uranium project in Guyana has the potential to become a significant uranium district, with 15 identified priority exploration targets – several that were never fully tested despite decades of exploration.

U92 acquired the project which spans across 92.2 square kilometres of mining lands, earlier this year following its acquisition of a Singaporean firm LIA Industries Pte. Ltd. The project which carries a historical resource estimate of 20.6 million pounds of uranium is being developed by U92 Energy.

According to a filing in relation to the acquisition, exploration on the property traces back to French state-owned company Cogema, which discovered uranium mineralisation in the area during a nationwide exploration programme conducted between 1979 and 1984.