Cue Resources Ltd. Commences Drilling on the San Antonio Uranium Deposit

Cue Resources Ltd. (TSXV:CUE) reports that it has began the continuation of drilling on the San Antonio uranium deposit, Yuty project, Paraguay.

The press release is quoted as saying:

This current round of drilling is a continuation of the exploration started by Cue in July of 2007. Since that time, Cue has drilled approximately 28,000 meters, in 223 holes, resulting in an NI 43-101 compliant resource including an Indicated Resource of 9.0M tonnes @ 0.042% eU₃O₈ containing 8.3M lbs eU₃O₈ and an Inferred Resource of 1.1M tonnes @ 0.050% eU₃O₈ containing 1.2M lbs eU₃O₈.

Robert Tyson, President and CEO of Cue Resources says:

“We are committed to continue the exploration of the San Antonio deposit in areas not previously drilled. This phase of drilling could determine the boundaries of the western extension of the main deposit and further define the parameters of the deposit. From this data, we will determine the next phase of drilling to follow.”

Click here to access the entire press release.

Click here to access Cue Resources’ company profile.