ESO Uranium cuts 13 meters of 4.99 g/t gold at Mikwam
(EMAILWIRE.COM, August 15, 2006 ) Vancouver, Canada -- ESO Uranium Corp. (“ESO” or “the Company”) announces that drill hole # 17, the last on the current phase of drilling on its Mikwam project returned a weighted average uncut gold grade of 4.99 g/t
over 13 meters. The 100% owned Mikwam claims are located along the Casa Berardi Deformation Zone in northeastern Ontario. Ten holes were completed for a total length of 3946 meters (12,946 feet) in this phase of work. Assays have been received for drill holes 11A and 12 – 17. The significant intersections are reported below (all units metric except where indicated in brackets). The true widths of these intersections are not yet known and they are reported as simple drill intersections.
The zones of anomalous gold arsenic are flagged here because they appear to correlate with some extensions of mineralization in the A8 structure.
The Phase II drilling continued to show results generally consistent with earlier drilling by Royal Oak and Newmont Canada in the A8 vein area. This data will be incorporated in a new resource estimate of the mineralization. The drilling has been halted to allow the evaluation of results to date and merge the very large earlier data sets with this new data. Following this merging of the earlier data sets 3-D modeling will be completed to define the true widths of the intersections reported above and in earlier news releases.
The successful Casa West project of Aurizon Mines (ARZ-TSE) is also within the Casa Berardi Deformation Zone and lies about 15 kms east of the current Mikwam property boundary.
The data set used here has been presented to ESO by Caracle Creek International Consultants Inc. (CCIC) who are assisting the Company in the drill programme. The data generated in the ongoing programme will be used by CCIC, independent consultants to ESO, to complete a resource estimate that is compliant with NI 43 101.
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 controls in excess of 982,800 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 also has a 100% interest in 26,885 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, PEng, is the Qualified Person responsible for this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
“Ben Ainsworth”
Benjamin Ainsworth, PEng BC, Vice President, Exploration
For corporate communications please contact Investor Relations at ESO Uranium Corp.
Phone: (604) 629-0293; Email: tcorcoran@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.
over 13 meters. The 100% owned Mikwam claims are located along the Casa Berardi Deformation Zone in northeastern Ontario. Ten holes were completed for a total length of 3946 meters (12,946 feet) in this phase of work. Assays have been received for drill holes 11A and 12 – 17. The significant intersections are reported below (all units metric except where indicated in brackets). The true widths of these intersections are not yet known and they are reported as simple drill intersections.
The zones of anomalous gold arsenic are flagged here because they appear to correlate with some extensions of mineralization in the A8 structure.
The Phase II drilling continued to show results generally consistent with earlier drilling by Royal Oak and Newmont Canada in the A8 vein area. This data will be incorporated in a new resource estimate of the mineralization. The drilling has been halted to allow the evaluation of results to date and merge the very large earlier data sets with this new data. Following this merging of the earlier data sets 3-D modeling will be completed to define the true widths of the intersections reported above and in earlier news releases.
The successful Casa West project of Aurizon Mines (ARZ-TSE) is also within the Casa Berardi Deformation Zone and lies about 15 kms east of the current Mikwam property boundary.
The data set used here has been presented to ESO by Caracle Creek International Consultants Inc. (CCIC) who are assisting the Company in the drill programme. The data generated in the ongoing programme will be used by CCIC, independent consultants to ESO, to complete a resource estimate that is compliant with NI 43 101.
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 controls in excess of 982,800 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 also has a 100% interest in 26,885 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, PEng, is the Qualified Person responsible for this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
“Ben Ainsworth”
Benjamin Ainsworth, PEng BC, Vice President, Exploration
For corporate communications please contact Investor Relations at ESO Uranium Corp.
Phone: (604) 629-0293; Email: tcorcoran@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.