Drilling To Commence On New Zone at Cluff Lake Project – Athabasca Basin
(EMAILWIRE.COM, October 30, 2006) Vancouver, Canada -- ESO Uranium Corp. (“ESO” or “the Company”) announces that it has completed an extensive ground exploration program on its Cluff Lake Project, Western Athabasca Basin, Saskatchewan which included over 150 line km of horizontal loop EM, 31 km of resistivity surveys, boulder sampling and prospecting.
This work has outlined several very interesting exploration targets in addition to the Gorilla Lake Zone, where earlier this year, the Company was successful in intersecting uranium in two of six drill holes with grades up to 0.85% U3O8.
One of these new targets, the Bridle Lake Zone, is located 2km north of the former Cluff Lake Mine which produced 63 million lbs of U3O8 with an average grade of 0.93% during its mine life. The permits underlying the Bridle Lake Zone are the subject of a 50/50 agreement between ESO and Hathor Explorations Inc. (HAT: TSX.V).
Two percussion drill holes completed on the Bridle Lake Zone by AMOK (MOKTA) in 1979 intersected 0.112% U3O8 from 17.2 to 18.7 meters (CAR 316A) and 0.12% U3O8 from 52.6 to 53.0 meters (CAR 278)
Two grids totaling 58 line kms were surveyed on the Bridle Lake Zone utilizing horizontal hoop EM to refine and further delineate numerous conductors detected by an airborne “Megatem” geophysical survey completed in 2005.
These conductors are situated immediately up-ice from a uraniferous boulder field with values up to 0.85% U3O8 previously identified by AMOK.
Consequently, a ten hole (2000 metre) drill program is being prepared and is expected to commence within the next few weeks on the Bridle Lake Zone.
Upon completion of this work it is anticipated that the drill will be relocated to the Gorilla Lake Project to further explore this area.
In addition, results and interpretation of another potential 14 target areas, located within the Cluff Project area, are anticipated shortly.
About ESO Uranium Corp.
ESO Uranium Corp., a Vancouver based mineral resource company, is actively exploring for uranium in the Athabasca Basin in Saskatchewan The Company controls almost 1 million acres of mineral claims in the Athabasca Basin making it one of the largest land holders in the world’s most prolific uranium producing region.
ESO also controls 100% of the Mikwam gold project totaling approximately 11,391 acres located along the western extension of the Casa Berardi deformation zone in Ontario.
Benjamin Ainsworth, P. Eng, is the Qualified Person responsible for the technical content of this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management. Statements contained in this news release that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. The historical information contained in this news release was obtained from reports prepared prior to the implementation of NI 43-101. Though the Company has no reason to doubt the accuracy of this information, readers should use caution when considering such information and should not place undue influence upon such.
- Contact Information
- Tom Corcoran
- Corporate Communications
- ESO Uranium Corp.
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.