Cue Resources Ltd. (CVE:CUE) reports a new drill program is underway on the San Miguel zone situated on its Yuty uranium project, south-eastern Paraguay.
The press release is quoted as saying:
Sixty-four historic holes have been drilled previously with three holes of heightened interest in the 0.10-0.50m% eU3O8 range.
Cue Resources’ President and CEO, Robert Tyson says:
“We are excited to accelerate our 2011 exploration program as we begin to explore the resource potential at San Miguel.” “Our drill programs to date have been limited to the San Antonio zone. We have 3 other zones to drill in the immediate vicinity of San Antonio, within the Yuty uranium project including San Miguel. It is time to capitalize on the historic exploration undertaken by Anschutz in the early 1980s and begin to define the potential at San Miguel.”