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UEX Commences 18,000 Metre Summer Drilling Program at Hidden Bay

Investing News Network
Aug. 09, 2011 08:15AM PST
Company News

UEX Corporation (TSE:UEX) reports that its summer 2011 diamond drilling program has began on its Hidden Bay project in the eastern Athabasca Basin of northern Saskatchewan, Canada.

UEX Corporation (TSX:UEX) reports that its summer 2011 diamond drilling program has began on its Hidden Bay project in the eastern Athabasca Basin of northern Saskatchewan, Canada.

The press release is quoted as saying;

Given the successful results from drilling the Horseshoe and Raven deposits over the last several years, UEX intends to carry out an aggressive drilling program to test additional geological targets in the area. The drilling will be carried out at Horseshoe-Raven in three areas:

  1. Step out and infill drilling at the Raven Deposit to assess possible extensions of mineralization into open areas, upgrade portions of the deposit resources from Inferred to Indicated status, and to evaluate the potential for greater continuity and expansion of higher grade portions of the deposit.
  2. Drilling between the Horseshoe and Raven deposits to follow up previous intercepts, and to assess potential for additional pods of mineralization.
  3. Drilling at the Horseshoe Deposit to further enhance geological interpretation and to provide additional infill information which may upgrade the resources.

Click here to access the entire news release.

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