Continuing Success for Mega Uranium At Athabasca Property

Mega Uranium Ltd. (TSX:MGA) and Forum Uranium Corp. (TSXV:FDC) are pleased to announce evaluation results from the first drill target at the Northwest Athabasca property under option from Cameco Corporation.

Highlights from the press release:

- Drillhole NWA-35 – 2.48% U3O8 over 1.5 metres at a vertical depth of 26 metres with a 0.5 metre interval grading 5.77% U3O8.

- Drillhole NWA-34 – 20 centimetres grading 0.27% U3O8 at a vertical depth of 50 metres, located only 20 metres west of the historic Zone 2A mineralization.

- The Northwest Athabasca property hosts the Maurice Bay deposit (historical resource* of 1.5 million pounds uranium at a grade of 0.6% U3O8)

Click here to read full Marketwire press release.


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Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.

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