ESO Uranium Doubles Mikwam Gold Claims
(EMAILWIRE.COM, April 04, 2006 ) Vancouver, Canada -- ESO Uranium Corp. (“ESO” or “the Company”) announces that it has completed acquisition of 20 mineral claims comprised of 250 units for a total area of approximately 4,000 hectares (9,880 acres). The claims extend from the Mikwam gold project eastwards to the Ontario/Quebec border. In Quebec, the Casa Berardi Deformation Zone has been completely staked westward to the Ontario border from the area of the new Casa West mine development of Aurizon Mines. The new claims cover magnetic and electromagnetic targets from earlier geophysical surveys that are associated with recorded gold showings. The total area of the 100% owned Mikwam project now amounts to approximately 8,650 hectares (21,380 acres), almost double the original claim area.
These targets are located adjacent to and along strike from the core claims that are currently being drilled by the Company. The staking was carried out in face of increasing competition for mineral land in the area. Current companies reported to have active claims in the nearby area to the west and south of the Mikwam project include Falconbridge, Freewest Resources, Vista Gold Group, Lake Shore Gold and North American Exploration.
Six drill holes have been completed in the initial ESO drill programme. The drill core received to date includes sections with strong and pervasive alteration together with sulphide mineralization. Mineralized core samples are being split by sawing on site and are shipped to a licensed assay laboratory near La Sarre, Quebec. Assay results will be reported upon receipt of assays for each drill hole drilled in the course of the next three weeks.
With the onset of early break-up this year, the drill programme will take a pause in the next few days and re-start in a few weeks when ground conditions stabilize, using a lighter drill rig and helicopter support. The Company will be evaluating the upgrading of 18 kms of road access from the all weather road servicing the Detour Lake camp as an alternative to the helicopter support for the drill programme.
About ESO Uranium Corp.
ESO Uranium Corp., a Vancouver based mineral resource company, is actively exploring for gold in the Casa Berardi deformation zone in Ontario and for uranium in the Athabasca Basin in Saskatchewan. 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. The Company now also controls 21,380 acres of mineral claims referred to as the Mikwam gold project located along the western extension of the Casa Berardi deformation zone in Ontario.
Benjamin Ainsworth, MA (Oxon), PEng, is the Qualified Person responsible for this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
“Ben Ainsworth”
Vice President, Exploration
For corporate communications please contact Investor Relations at ESO Uranium Corp. Phone: (604) 629-0293; Email: tcorcoran@esouranium.com
Web site: www.esouranium.com
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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.
These targets are located adjacent to and along strike from the core claims that are currently being drilled by the Company. The staking was carried out in face of increasing competition for mineral land in the area. Current companies reported to have active claims in the nearby area to the west and south of the Mikwam project include Falconbridge, Freewest Resources, Vista Gold Group, Lake Shore Gold and North American Exploration.
Six drill holes have been completed in the initial ESO drill programme. The drill core received to date includes sections with strong and pervasive alteration together with sulphide mineralization. Mineralized core samples are being split by sawing on site and are shipped to a licensed assay laboratory near La Sarre, Quebec. Assay results will be reported upon receipt of assays for each drill hole drilled in the course of the next three weeks.
With the onset of early break-up this year, the drill programme will take a pause in the next few days and re-start in a few weeks when ground conditions stabilize, using a lighter drill rig and helicopter support. The Company will be evaluating the upgrading of 18 kms of road access from the all weather road servicing the Detour Lake camp as an alternative to the helicopter support for the drill programme.
About ESO Uranium Corp.
ESO Uranium Corp., a Vancouver based mineral resource company, is actively exploring for gold in the Casa Berardi deformation zone in Ontario and for uranium in the Athabasca Basin in Saskatchewan. 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. The Company now also controls 21,380 acres of mineral claims referred to as the Mikwam gold project located along the western extension of the Casa Berardi deformation zone in Ontario.
Benjamin Ainsworth, MA (Oxon), PEng, is the Qualified Person responsible for this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
“Ben Ainsworth”
Vice President, Exploration
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.
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