Uranium Energy Corp Reports Excellent Phase-One Drill Results

Uranium Energy Corp (AMEX:UEC) reports excellent  phase-one exploration drilling results at its Salvo project located in Bee County, South Texas.

The press release is quoted as saying:

The objective of this drilling program, initiated November 8, 2010, is to verify and expand the NI 43-101 historic resource of 1.5 million pounds of U3O8 as reported on July 19, 2010. This release reports results from the first 43 holes of the phase-one campaign, with the remainder to be drilled in January.

Click here to access the entire news release.