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ESO Uranium Corp.

ESO Signs Option Agreement for Nevada Uranium and Precious Metals Property

Vancouver, Canada (ots/PRNewswire)

ESO Uranium Corp.
(TSX-V: ESO) (the "Company") is pleased to announce  that it has
signed an option agreement to acquire 36 claims located in  Mineral
County, Nevada, known as the Marietta Property, which covers a
uranium bearing granitic intrusive with shear hosted
uranium-copper-silver- molybdenum mineralization. The property is
optioned from Western Geoscience  Inc. and Kleinebar Resources Inc.
in consideration for payment of up to  US$450,000 and the issue of up
to 600,000 common shares in the capital of  the Company, which are
due in stages over a period of four years. The  agreement is subject
to the acceptance of the TSX Venture Exchange.
The Marietta property was first mined for silver copper ores in
the  late 1800's. Shear structures up to a few meters in width
carrying bornite  and oxide copper were the principal source of ore
mined. After World War II  it was discovered that these high grade
ores carried uranium values and  were hosted in radioactive granitic
intrusive. The East flank of the  intrusive terminates against
extensional faulting that dropped the adjacent  shales and volcanic
rock down and much of this regional structure is  obscured by
piedmont gravels and sands that lie on the west side of a small
salar basin.
A drill campaign, reportedly carried out by Westinghouse in the
70's,  tested the regional structures. Several drill sites were
located during a  site visit in 2007. Radioactivity exposed in a 1.5
meter wide shear in the  wall of a short adit above the area of drill
sites was chip sampled across  the full width of the shear. The shear
zone contained some oxide copper and  no sulphide mineralization was
observed.
The values returned from the sample by a multi-element ICP
analysis by  ALS Chemex returned 0.33% (6.6 lbs/st) uranium, greater
than 1% lead, 0.9%  zinc and 0.34% molybdenum. Radioactivity of the
host granite was noted at  moderately anomalous levels throughout a
500 meter traverse along a drill  road cut into the granitic host
rocks.
The company has staked a further 80 mineral claims in the
vicinity of  the Marietta property and plans to conduct an initial
programme of ground  radiometric surveys on the property.
For reference, the current spot price quoted by uxc.com for
uranium  oxide is US$78 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.
Ben Ainsworth is the qualified person responsible for the
technical  disclosure contained in this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
"Ben Ainsworth"
Vice President, Exploration
Please refer to the ESO Uranium website for further and updated
information.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
Forward Looking Statements: The above contains forward looking
statements that are subject to a number of known and unknown risks,
uncertainties and other factors that may cause actual results to
differ  materially from those anticipated in our forward looking
statements.  Factors that could cause such differences include:
changes in world  commodity markets, equity markets, costs and supply
of materials relevant  to the mining industry, change in government
and changes to regulations  affecting the mining industry.
Forward-looking statements in this release  include statements
regarding future exploration programs, operation plans,  geological
interpretations, mineral tenure issues and mineral recovery
processes. Although we believe the expectations reflected in our
forward  looking statements are reasonable, results may vary, and we
cannot  guarantee future results, levels of activity, performance or
achievements.

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Plus de actualités: ESO Uranium Corp.