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Calypso Uranium Corp. (CVE:CLP) reports that Energia Mineral Inc. (ASX:EMX) has discovered surface uranium mineralization at the San Jorge Basin project.
Calypso Uranium Corp. (TSXV:CLP) reports that Energia Mineral Inc. (ASX:EMX) has discovered surface uranium mineralization at the San Jorge Basin project.
The press release is quoted as saying:
Surface uranium mineralization has been discovered at the La Flecha prospect in the San Jorge Basin Project as a result of the first field season. The initial mapping and sampling at this prospect identified an altered high energy fluvial system within the Cerro Castaño Member, included in the Cerro Barcino Formation, with observable uranium-vanadium mineralization on the surface. During the program, 39 soil gridding and selective samples were collected covering an area of 1,000 by 1,500 meters. Soil gridding samples were collected from the C horizon and showed assays up to 0.12% Uranium and 0.18% Vanadium (or 2.81lb U & 4.17lb V; Sample # 11,732).
President of Energia Mineral and VP Exploration of Calypso, Mr. Guillermo Pensado says:
“This first year of exploration under the strategic alliance with Cameco was extremely productive. We advanced three projects, including the discovery of surface uranium mineralization at one project. In the other two, we launched drill programs which yielded preliminary results that support the geological models predicted by prior exploration work that included mapping, sampling, geophysical and geological modelling. With Cameco’s recent confirmation of support for the second year under the joint venture agreement, we expect to have another successful exploration year ahead.”
Click here to access the entire news release.
