HelpHelp About Us Contact Contact Us Help Help
Press Release Service
user name password
Client login:   
First time user sign up Forgot your login info?

Search
EmailWire News Links

Home > News By Company > ESO Uranium Corp.

Print e mail rss del
Y! myWeb


Drilling to Commence on ESO Uranium’s Cluff Project in the Athabasca Basin

 



(EMAILWIRE.COM, January 31, 2006 ) Vancouver, Canada -- ESO Uranium Corp. (“ESO” or “the Company”) ESO:TSX-V announces that exploration is now underway on its western Athabasca Basin uranium project in northern Saskatchewan.

The winter program will initially focus on the Cluff Project where six drill holes averaging 200-300 meters deep will test the "Gorilla Lake" zone. Previous exploration in this area in 1979 encountered an intercept grading 0.85% U308 over 2.3 meters in hole CAR 425 (see map). Road clearing and site preparation is underway with camp and crew arriving by the end of the week. Drilling is planned to start the following week. The claims underlying the Gorilla Lake zone, totaling approximately 18,000 acres, are the subject of a 50/50 joint venture between the Company and Logan Resources Ltd. (TSX-V: LGR)

The Cluff Project covers over 160,000 acres in the western Athabasca Basin and surrounds the former producing Cluff Lake mine which produced approximately 65 million lbs of U308 during its lifetime. The project is located approximately 11
kms northwest of the Shea Creek project currently being developed by UEX/COGEMA, who reported an intersect of 27.4% U308 over 8.8 metres on July 13, 2005. ESO’s recently flown Megatem geophysical survey has confirmed that conductors associated with the Shea Creek discovery extend onto the Company’s claims. The Cluff Project is considered to be a highly prospective target for the discovery of a commercially viable uranium deposit as evidenced by the presence of U308 in a previous drill hole, the occurrence of uraniferous surface boulders containing up to 19.3% U308, its proximity to the Cluff Lake Mine and the Shea Creek discovery.

A detailed review of the structure of the Gorilla Lake zone has been interpreted by ESO’s technical team as being near vertical and it is believed that past drilling, which was all vertical, could have missed larger uraniferous zones. By drilling angled holes ESO’s objective is to obtain wider, more representative uranium bearing intercepts. Upon completion each drill hole will be probed for its radioactive content and the core logged, sampled and submitted for geochemical analysis.



About ESO Uranium Corp.

ESO Uranium Corp., a Vancouver based mineral resource company, is actively exploring for uranium in the Athabasca Basin in Saskatchewan and for gold in the Casa Berardi deformation zone in Ontario. The Company is well financed with over $6 million in its treasury.
The Company controls in excess of 860,000 acres of mineral claims in the Athabasca Basin making it one of the largest land holders in the world’s most prolific uranium producing region. ESO is also exploring for gold on the Mikwam project located along the western extension of the Casa Berardi deformation zone in Ontario.


Jonathan George, Geologist is the Qualified Person responsible for this news release.

On behalf of the Board of Directors of ESO Uranium Corp.
“Jonathan George”
CEO, President and Director

For corporate communications please contact Investor Relations at ESO Uranium Corp. Phone: (604) 629-0293; Email: tcorcoran@esouranium.com
Web site: www.esouranium.com


The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management. Statements contained in this news release that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. The historical information contained in this news release was obtained from reports prepared prior to the implementation of NI 43-101. Though the Company has no reason to doubt the accuracy of this information, readers should use caution when considering such information and should not place undue influence upon such.

Contact Information:
ESO Uranium Corp.
Joseph Nchor
Tel:
Email us
FREE Penny Stock Alerts!
Get Amazing Penny Stock ALERTS Totally FREE Click This Link NOW.
GetRichPicks.com






How to buy Penny Stocks

Learn the Skills, Make the Trades, Earn a Fortune! 100% Free to try.
Chartpoppers.com




Stop Being Fooled By "Penny Stock Picks"


Subscribe To The #1 Rated MicroCap Stock Newsletter.
MicroCapster.com

 




Analyst Penny Stock Picks


Visit StockSource.us for explosive stock picks, free stock research and trading tools
www.StockSource.us

Your text Ads here!
Ads are only $575 per month. Ads are placed same day. Contac Us

Emailwire.com/contact.php



Press release service and press release distribution on EmailWire.Com is a global newswire of GroupWeb Media LLC.

 

Search


Advertising | How to contact us | Privacy Statement | EmailWire Press Releases | Setup Co-Branding

© Copyright GroupWeb.com 2007