U3O8 Discovers New Style of Uranium-Vanadium at Laguna Salada District

U3O8 (TSX:UWE) has announced assay results from a second type of uranium-vanadium mineralization in addition to the typical gravel at La Rosada, an area in the Laguna Salada Project in Argentina.
As quoted in the press release:

Our focus is squarely on reducing estimated production costs at the Laguna Salada Deposit,” said Dr Richard Spencer, CEO of U3O8 Corp. “One way of achieving that goal is by delineating additional higher grade material – and our exploration team has risen to that challenge by finding high-grade uranium-vanadium in friable volcanic rocks – a type of mineralization that occurs in addition to the gravel-hosted mineralization typical of the Laguna Salada district. Trenching over the last couple of months has shown that uranium-vanadium in the volcanic rock constitutes a target in its own right, adding to the potential of the La Rosada target. Assay results from mineralized gravel at La Rosada will be released in the next few weeks.”
Figure 1. Map showing the location of the La Rosada exploration area relative to the footprint of the Laguna Salada resource and the gravel plain in which the mineralization occurs (inset map). The main map shows the location of mineralized tuff (pale blue) and gravel (green).
Assay Results
Table 1. Summary assay results for composite panel samples from the walls of trenches excavated in rhyolitic tuff (volcanic rock) from the La Rosada area. Results from tuff from a prior press release made on November 12, 2013, before the significance of this mineralization was appreciated, are included (shaded grey) for completeness.

Click here to read the full press release.