Universal Uranium JV’s Property Next to White Gold in Yukon

Universal Uranium reports the completion of an option and joint venture agreement with Aldrin Resource.

The Brew property is located in the White Gold District, Yukon Territory and is comprised of 168 quartz mining claims covering an area of 33 square kilometres. The project is 100 kilometres south of Dawson City and 20 kilometres east of Underworld Resources (Kinross) White Gold discovery.

The Brew property was originally staked by Shawn Ryan of Ryanwood Exploration. It was optioned in June, 2009 to Aldrin who has the right to acquire a 100% interest over a four year period by paying Ryanwood $425,000, incurring $1.5 million in expenditures and issuing 1,250,000 Aldrin shares to Ryanwood.

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