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U3O8 Corp. Confirms Continuity of Uranium, Vanadium & Phosphate Mineralization
Aug. 26, 2010 06:02AM PST
Company NewsU3O8 Corp. (CVE:UWE) reports reports significant values of uranium, phosphate, vanadium, yttrium and molybdenum from rock-chip samples taken in Caldas Province, Colombia, South America. The Berlin Project is a sandstone-hosted uranium prospect with a historic resource1 of 12.9 million tonnes at an average grade of 0.13% U3O8 (38 million pounds U3O8) estimated from the southern 4.4 […]
U3O8 Corp. (TSXV:UWE) reports reports significant values of uranium, phosphate, vanadium, yttrium and molybdenum from rock-chip samples taken in Caldas Province, Colombia, South America.
The Berlin Project is a sandstone-hosted uranium prospect with a historic resource1 of 12.9 million tonnes at an average grade of 0.13% U3O8 (38 million pounds U3O8) estimated from the southern 4.4 kilometres (“km”) of a 10.5km long mineralized trend
Dr. Richard Spencer, U3O8 Corp’s President and CEO says:
“U3O8 Corp’s trenching confirms that the mineralized zone at Berlin extends over a 3km strike length at an average grade and thickness that is consistent with historic results.” “Trenching continues to the north to confirm historic uranium data that shows the whole of the 10.5km long sandstone trend is prospective. An initial 1,500 metre drill program is scheduled to commence in September, aimed at verifying the results of historic drilling as we move towards our goal to position the Berlin Project for potential National Instrument 43-101 (“NI 43-101″) resource estimation in 2011.”
For complete news release, click here.