U3O8 Corp. Confirms Continuity of Significant Uranium

U3O8 Corp. reports on the confirmation of significant values in uranium, vanadium, molybdenum and phosphate from rock-chip samples collected in teh Berlin project, Colombia, S. America.

The Berlin Project is a phosphatic shale uranium prospect with a historic resource⁽¹⁾ of 12.9 million tonnes at a grade of 0.13% U₃O₈ (38 million pounds U₃O₈) with associated vanadium, molybdenum and phosphate. The historic resource was defined on only the southern 4.4 kilometres of a 10.5 kilometre long mineralized trend.

Dr. Richard Spencer, U3O8 Corp’s President and CEO says:

“U3O8 Corp’s trenching program in the southern part of the Berlin Project is progressing well.”  “We have now shown relatively consistent uranium and vanadium grades over two kilometres on the western side of the fold and 1.25 kilometres on its eastern flank. The similarity of the assay values from our trenching program to historic results further validates the accuracy of the data from the historic resource estimate. Significant grades of uranium and vanadium, supported by phosphate and molybdenum, underscore the high in situ value of the mineralized rock. Our 2010 work plan aims to complete the trenching program by the end of May, advance to drilling in July, and then to metallurgical test work in the latter half of the year. Our goal is to be in a position to undertake a National Instrument 43-101 resource estimate on Berlin in 2011.”

For complete news release, click here.