Vancouver, Canada (ots/PRNewswire) - ESO Uranium Corporation
(TSX-V: ESO), the Company, is pleased to announce that it has
received permits for a 10 hole diamond drill program on its 132,000
acre (52,800 hectare) Hook Lake uranium claims. This program will be
carried out using helicopter support for the drilling operation, to
allow access prior to winter freeze-up.
The drilling will test targets on a possible extension of the
north- northeasterly striking Dirksen Structure which may extend
through geophysical and geochemical targets on the Hook Claims. A
second target area has been selected for part of the drill program
that is on a sub- parallel structure, lying to the west of the
Dirksen. A drill hole (DER-4) by Imperial Oil and SMDC on the
Dirksen structure is located 4 km from the south central boundary of
the Hook Claims. This hole is reported to have had grades of 1.35%
nickel and 0.24% (4.8 lb/t) U3O8, over a 2.5 meter intercept located
9.8 meters below the unconformity at the base of the Athabasca
Drill target selection for the Hook claims has been based on
airborne and ground geophysical surveys which included the Fugro
Megatem airborne system and high resolution ground resistivity
surveys. Earlier work indicated geochemical and mineral signatures
in drill holes near and around these targets, including boron
anomalies and clay alteration which are often associated with the
alteration plumes that may exist above the high grade uranium
deposits sought by this work.
The claims adjoin, to the South, mineral tenure of Cameco
Corporation that has been optioned to Purepoint Uranium Group Inc
and to the West, claims of Fission Energy Ltd and to the East,
claims of Titan Uranium Incorporated. All three areas are under
active exploration at this time.
For reference, the current spot price quoted by uxc.com for
uranium oxide is US$90 per pound of U3O8; an assay reported as 1.0%
of U3O8 is equal to 20 pounds of uranium oxide per short ton - the
conversion of percent metal or metal oxide from percent to pounds
per short ton is done by multiplying the % value by 20.
On behalf of the Board of Directors of ESO Uranium Corp.
Vice President, Exploration
Please refer to the ESO Uranium website for further and updated
The Toronto 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. Such
risks and uncertainties are detailed in the Company's filing with
the Securities and Exchange Commission.
Trading Symbol TSX-V - ESO
Frankfurt - E2G
ots Originaltext: ESO Uranium Corp.
Im Internet recherchierbar: http://www.presseportal.ch
For further information: For Corporate Communications please contact:
Tom Corcoran or Bob Meister, ESO Uranium Corp., Vancouver, BC, Phone:
+1-(604)-629-0293, Toll Free: 1-866-629-0293, Email: