U3O8 Corp. Discovers Potentially Large Area of Shallow Uranium-Vanadium Mineralization Adjacent in Argentina

U3O8 Corp. (TSX:UWE, OTCQX:UWEFF) identified a mineralized area located on the southern extension of its Laguna Salada Deposit in Chubut Province, Argentina. The La Susana discovery contains similar near-surface, free-digging mineralization to Laguna Salada and has potential to add to the current uranium-vanadium resource defined in accordance with National Instrument 43-101.

Dr. Richard Spencer, U3O8 Corp’s President and CEO said in  statement:

The uranium-vanadium mineralization at La Susana is typical of the Laguna Salada Deposit and has a footprint that is potentially double the size of the current resource – suggesting considerable resource growth potential and reaffirming the district-scale prospects of the region. A larger resource could further enhance the economics of the project which are being defined in a preliminary economic assessment (“PEA”) that is nearing completion on the initial deposit at Laguna Salada. With an advanced uranium project in a country committed to bringing more nuclear reactors online and a joint venture currently being negotiated with Petrominera Chubut S.E., the provincial mining company, U3O8 Corp. is positioning Laguna Salada as a potential low-cost, near-term producer in Argentina.

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