Cue Resources Ltd. (CVE:CUE) reports that it has started drilling on the San Miguel zone, Yuty uranium project, Paraguay.
The press release is quoted as saying:
Initial drilling will consist of approximately 1500m over a strike length of 1.1km, testing a WSW-ENE trending anomaly partially defined by Anschutz drilling. Additional drilling will continue further to the east and west in previously untested areas. (approximately 2000m). Sixty-four historic holes have been drilled previously with three holes of significant interest in the 0.10-0.50m% eU3O8 range.
Cue’s President and CEO, Robert Tyson says:
“The regional reduction-oxidation (Redox) front extends from the San Antonio zone, where Cue has partially defined an initial resource, to the north for about 30 kms. through all four zones of the Yuty Project.” “Beginning the systematic exploration of San Miguel is the next step to determining the resource potential of the Yuty Project as a whole and confirming our beliefs that Yuty should be recognized as a uranium district.”