U308 Corp Reports Progress on Berlin Project

U308 Corp. (TSXV:UWE,OTCQX:UWEFF) announced an update to drilling at the Colombia-based Berlin uranium-vanadium-rare metals project.

As quoted in the press release:

U3O8 Corp. has defined a NI 43-101 resource of 1.5mlb uranium Indicated (0.6 million tonnes (“Mt”) at 0.11% U₃O₈) and Inferred resources of 19.9mlb uranium (8.1Mt at 0.11% U₃O₈), 97mlb vanadium (8.7Mt at 0.5% V₂O₅) and 0.8Mt phosphate (8.7Mt at 9.3% P₂O₅) on 3km of the Berlin trend.

U308′s President and CEO, Richard Spencer said:

By applying a simple process adapted from existing technology previously used in Ontario’s uranium mining industry, we have achieved extraction of 97% of the contained uranium and phosphate, 79% of the vanadium, 96% of the yttrium and 82% of the neodymium.

Click here for the U308 Corp. (TSXV:UWE) press release.