U3O8 Corp. Reports Positive Metallurgical Results

U3O8 Corp. (TSXV:UWE) reports uranium recoveries of 82% from the first phase of ongoing metallurgical testwork on the Kurupung project in Guyana.

The press release is quoted as saying:

The metallurgical testing was conducted on hard-rock core samples from 24 bore holes in the Aricheng North and Aricheng South deposits¹ of the Kurupung Project. These bore holes are representative of potential bulk ore and include a range of samples from low-grade to high-grade material. The individual samples were shipped from Guyana to SGS’s facility in Lakefield, Ontario, where they were blended together to form one composite sample that has a grade of 0.1% U₃O₈

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

“These positive initial metallurgical results constitute an important step in advancing the Kurupung Project from a uranium discovery to a deposit of significant potential value.” “A broad framework has now been established through which uranium can be extracted from the host rock and serves as a baseline from which additional metallurgical testing aims to refine and improve the efficiency of the extraction process. Infill drilling also continues to progress well in the Aricheng area towards our goal of increasing our current National Instrument 43-101 (“NI 43-101″) resource on the Kurupung Project by the end of 2011¹.”

Click here to access the entire news release.