UEX Corp

Published : April 09th, 2008

reports final results of 2007 Horseshoe and Raven drilling, including 0.47% U(3)O(8) over 37.4 m

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Keywords :   Canada | Diamond | Japan | K Street | Uranium |

Attention Business Editors:

UEX reports final results of 2007 Horseshoe and Raven drilling, including 0.47% U(3)O(8) over 37.4 metres at Horseshoe, and 2.98% U(3)O(8) over 5.2 metres at Raven.

     Trading Symbol: UEX-TSX
     VANCOUVER, April 9 /CNW/ - UEX Corporation ("UEX") is pleased to announce
the results from the final 43 Diamond drill holes which were completed during
the summer/fall 2007 program at the Horseshoe Deposit ("Horseshoe"), and
33�Diamond drill holes at the adjacent Raven deposit ("Raven"). Both deposits
are located within UEX's 100% owned Hidden Bay Project in the eastern
Athabasca Basin area of northern Saskatchewan.
     As with previously reported results, the drill results reported here
represent a continuing combination of infill and step-out drill holes, the
latter which at Horseshoe have extended mineralization further beyond and
beneath the limits of the historical drilling conducted by Gulf Minerals
Canada ("Gulf"). At Raven, drilling has established better continuity to
mineralization than previously interpreted and identified higher grade areas
within the deposit. The results reported here represent the last holes of a
39,000 metre, 122 hole drilling program conducted during summer/fall program
at the two deposits. Drilling continues at both deposits, with approximately
37,000 metres completed to date since January 2008 during the current winter
drilling program.
     "Results from Raven and Horseshoe continue to exceed our expectations,
and the current drilling programs are defining additional mineralization at
both deposits," said Stephen Sorensen President and CEO of UEX.
     Horseshoe Deposit Results
     Drilling in 2006 and 2007, and subsequent drilling between January and
April of 2008, which will be released once analytical results have been
received, have defined contiguous mineralization in the central Horseshoe
deposit in several shallow east-southeast plunging stacked zones over a strike
length of more than 450 metres, and dip lengths of up to 300 metres. The UEX
drilling programs have been encountering higher grades, wider intersections,
better continuity and an overall greater extent of mineralization at Horseshoe
than was outlined here by Gulf in the 1970's.
     Geochemical results have been received for 41 of the 43 holes drilled.
Two additional holes, HU-156 and HU-157, were drilled for metallurgical
testing purposes, and will not have geochemical results until metallurgical
processing on the core has been completed. Down-hole probe data is instead
reported below. Holes up to HU-134, and hole HU-137 were previously reported
(see UEX News Releases, October 29, 2007 and January 2, 2008). Drill holes
composited to grades of at least 0.05% U(3)O(8) with a grade-thickness product
of greater than 0.1 are listed in Table 1. The most significant of these
intercepts include the following:
     -   0.27% U(3)O(8) over 21.5 metres, and
         0.36% U(3)O(8) over 10.5 metres in hole HU-136 (BE and A2 zones,
         section 4682N)
     -   0.34% U(3)O(8) over 27.1 metres in hole HU-138, including
         0.98% U(3)O(8) over 6.3 metres (BE zone, section 4682N)
     -   0.32% U(3)O(8) over 11.4 metres in hole HU-139 (BW zone,
         section 4724N)
     -   0.47% U(3)O(8) over 37.4 metres in hole HU-144 (BW zone,
         section 4724N)
     -   0.12% U(3)O(8) over 18.0 metres in hole HU-153 (BW zone,
         section 4755N)
     -   0.19% U(3)O(8) over 15.5 metres in hole HU-155 (BW zone,
         section 4755N)
     -   0.90% eU(3)O(8)(*) over 19.7 metres in hole HU-156 (A zone,
         section 4606N)
     -   0.14% eU(3)O(8)(*) over 34.8 metres in hole HU-157 (BE zone,
         section 4724N)
     -   0.34% U(3)O(8) over 23.4 metres in hole HU-158 (BW zone,
         section 4755N)
     -   0.45% U(3)O(8) over 13.8 metres in hole HU-161 (BW zone,
         section 4740N)
     -   0.29% U(3)O(8) over 21.5 metres in hole HU-163 (BW zone,
         section 4755N)
     -   0.12% U(3)O(8) over 49.2 metres in hole HU-168 (BW zone,
         section 4740N)
     -   0.31% U(3)O(8) over 24.1 metres in hole HU-171 (BW zone,
         section 4740N)
     -   0.21% U(3)O(8) over 9.6 metres in hole HU-173 (BW zone,
         section 4740N)
     -   0.12% U(3)O(8) over 18.5 metres, and
         0.25% U(3)O(8) over 24.3 metres in hole HU-175 (BW zone,
         section 4740N)
     -   0.35% U(3)O(8) over 9.8 metres in hole HU-178 (BW zone,
         section 4710N)
     (*) Intersections from metallurgical holes HU-156 and HU-157 are reported
     here from downhole radiometric probe data using an algorithm calculated
     to estimate equivalent U(3)O(8) grade based on normalization with
     previous analytical results from the Horseshoe deposit. Results may vary
     +/- 15% in U(3)O(8) grade from actual future reportable geochemical
     analytical data, but are reported here for completeness. Final results
     will be reported when received; samples are currently being processed by
     SGS Lakefield Research.
     Drill core axis angles and continuity of mineralization between drill
holes suggest that the vertical to steep drill holes cross the shallow-dipping
mineralized zones at a high angle, which is close to true thickness. Many of
the holes reported here are from the B West zone which previously was not
fully defined, and the known dimensions of which have now been substantially
expanded. The results are currently being incorporated into a digital
three-dimensional model for an upcoming National Instrument 43-101 ("N.I.
43-101") compliant resource calculation. The 15 to 30 metre, and locally
tighter, drill hole spacing now completed throughout Horseshoe should enable
much of the resource to be placed into an indicated category. Once all
analytical results from drill holes in the Horseshoe southwest area are
received, for which drilling was completed in early March 2008, it is
anticipated that an N.I.�43-101 compliant resource estimate for Horseshoe
should be completed by Golder Associates Ltd. ("Golder") of Saskatoon, SK,
during the summer of 2008. Mineralization intersected historically by Gulf to
the northeast of the central Horseshoe deposit area will be tested early in
the upcoming summer 2008 drilling program, and is likely to add to the total
mineral inventory of the deposit area.
     Raven Deposit Results
     Drilling at Raven comprised infill drilling between widely spaced
sections, and step-out drill holes into areas previously defined as
mineralized by Gulf, but for which drill spacing was insufficient to
confidently establish mineralization continuity. Thirty-three drill holes
comprising 8,800 metres were completed with geochemical results received from
all but two holes. Drill holes composited to grades of at least 0.05% U(3)O(8)
with a grade-thickness product of greater than 0.1 are listed in Table 2. The
most significant of these intercepts include the following:
     -   2.98% U(3)O(8) over 5.2 metres, in hole RU-026
           including 7.99% U(3)O(8) over 1.5 metres (section 5476E)
     -   0.13% U(3)O(8) over 37.5 metres in hole RU-036 (section 5448E)
     -   0.13% U(3)O(8) over 16.5 metres in hole RU-042 (section 5418E)
     -   0.43% U(3)O(8) over 7.7 metres in hole RU-043 (section 5506E)
     -   0.13% U(3)O(8) over 24.0 metres in hole RU-047 (section 5445E)
     -   0.18% U(3)O(8) over 38.0 metres in hole RU-048 (section 5418E)
     -   0.34% U(3)O(8) over 10.0 metres in hole RU-051 (section 5506E)
     -   0.16% U(3)O(8) over 22.5 metres in hole RU-058 (section 5445E)
     Mineralization at Raven occurs in a horizontal, cylindrical shaped zone
of mineralization fringing an intense clay alteration zone developed in the
hanging wall of a steeply dipping fault zone. Mineralization occurs near the
axis of the Raven syncline at depths of 50 to 275 metres below surface.
Highest grades typically occur in its upper northern and central margins,
where intersections such as seen in RU-026 are locally developed. Areas of
lower grade mineralization, which typically grade between 0.05% and
0.15%�U(3)O(8), may be developed over widths of several tens of metres.
Definition drilling has now tested the deposit over a strike length of more
than 400�metres where mineralization is laterally continuous.
     Winter 2008 Drilling Program
     A program of further definition, step-out and exploration drilling
commenced at the Horseshoe and Raven deposits in January 2008. At Horseshoe,
infill and step-out drilling was focused, between January and early March, on
further outlining mineralization in the southwestern portions of the Horseshoe
deposit which were inaccessible, due to swampy conditions, in the summer of
2007. An additional approximately 70 holes and 19,000 metres of drilling has
been completed at Horseshoe in the winter 2008 program to date, and is
ongoing. Drilling in the Horseshoe southwest area has recently been completed
and samples are being sent to Saskatchewan Research Council Geoanalytical
Laboratories ("SRC"). The winter drilling at Horseshoe has extended at least
two known zones into previously untested areas from the central Horseshoe area
to approximately 150 metres to the southwest and outlined, at 30 metre
spacing, other mineralized pods which were previously identified based only on
widely spaced drilling. This drilling will now allow incorporation of
mineralization in the Horseshoe south area into the upcoming Horseshoe
resource calculation. Subsequent drill holes currently being drilled with
three drill rigs at Horseshoe are exploring, with 50 to 100 metre step-out
holes, areas that are untested by drilling but where geophysical anomalies and
alteration continues outward from the main Horseshoe deposit.
     Excellent drilling progress has also been made at the adjacent Raven
deposit where further step-out drilling on 30 metre sections continues to
define mineralization there. More than 65 holes and 18,000 metres of drilling
have been completed to date since the commencement of the program in January
2008. Results will be released when received. Drilling at Raven is anticipated
to terminate in late April 2008 then recommence in June 2008, and is intended
to further define mineralization distribution in anticipation of a fall 2008
N.I. 43-101 compliant resource estimate for Raven.
     About the Raven and Horseshoe Deposits
     Mineralization at Horseshoe comprises shallow dipping zones of
hematization with disseminated and veinlet pitchblende-boltwoodite-uranophane
mineralization that are hosted by folded arkosic quartzite gneiss.
Mineralization defined to date occurs in five dominant zones termed A, BW, BE,
A1 and A2, which define two different styles that comprise: a) disseminated
pitchblende-chlorite-hematite, and b) narrower, higher grade nodular and
veinlet pitchblende in hematite-clay alteration. To view maps and cross
sections of Raven and Horseshoe, please access UEX's website at
www.uex-corporation.com under "Projects -Hidden Bay".
     Horseshoe and the adjacent Raven Deposit are located less than
5�kilometres south of Cameco Corporation's Rabbit Lake operations, and
12�kilometres southeast of AREVA Resources Canada Inc.'s ("AREVA") McClean
Lake operations. Both deposits are hosted by competent basement rocks that
could be amenable to both open-pit and conventional underground ramp access
mining methods, pending a positive feasibility study. Using widely spaced
drill holes, in 1980 Gulf estimated a total resource at Raven and Horseshoe of
6.7�million tonnes at an average grade of 0.16% U(3)O(8), representing
approximately 22.82 million contained pounds of U(3)O(8) (13.2 million pounds
grading 0.17% U(3)O(8) at Horseshoe, and 9.62 million pounds grading
0.14%�U(3)O(8) at Raven). These historical resource estimates were not
calculated using current Canadian Institute of Mining, Metallurgy and
Petroleum standards. As a result, they are not compliant with N.I. 43-101, and
should not be relied upon.
     Given the competent host rocks and depths to mineralization at the
Horseshoe and Raven deposits, UEX has requested that Golder also assess the
economic benefit of an assumption that following open-pit mining of the Raven
and Horseshoe Deposits, the final pits could be used as tailings management
facilities.
     Sample Handling and Quality Assurance
     Drill core geochemical samples are selected with the aid of a hand-held
scintillometer to identify areas of above-background radioactivity. Samples
are split, with half remaining in the core box, and the remainder shipped to
SRC where they are crushed and ground to minus 106 microns. The pulp is
digested in aqua regia leach and analyzed by ICP for uranium and other
elements. In addition to the geochemical analyses, down-hole probe radiometric
results, obtained for all drill holes on completion of drilling, provide an
independent check of the geochemical data. Probe results can be used for grade
calculations where poor ground conditions occur and drill core recoveries are
low, although at Raven and Horseshoe recoveries are generally at, or close to,
100%. UEX routinely inserts sample blanks and uranium standards of several
grades into the sample stream. In addition, repeat analyses are routinely
analyzed, laboratory standards are inserted by SRC, and selected sample pulps
have been submitted to other independent laboratories for check analyses to
assess sample repeatability and accuracy of the SRC results. Core less in
mineralized zones within the Horseshoe and Raven deposits is minimal, and
geochemical results highly repeatable.
     The technical information in this news release regarding Raven and
Horseshoe has been compiled by David Rhys, P. Geo., a Qualified Person as
defined by N.I. 43-101.
     About UEX
     UEX is a Canadian uranium exploration and development company actively
involved in 19 uranium projects, including seven that are 100% owned and
operated by UEX, one joint venture with AREVA that is operated by UEX, ten
joint-ventured with AREVA and one under option from Japan-Canada Uranium
Company, Limited, which are operated by AREVA. The 19 projects, totaling
385,452 hectares (952,450 acres), are located in the eastern, western and
northern perimeters of the Athabasca Basin, the world's richest uranium belt,
which accounts for approximately 23% of the global primary uranium production.
UEX is currently developing several uranium deposits in the Athabasca Basin
which include the Anne and Kianna Deposits at its Shea Creek Uranium Project,
a joint venture with AREVA in the western Athabasca Basin, and the West Bear,
Raven and Horseshoe deposits located at its 100% owned Hidden Bay Project in
the eastern Athabasca Basin. UEX's exploration and development budgets for
2008 are estimated at approximately $40 million for 2008, of which UEX will be
responsible for approximately $30 million.
            ON BEHALF OF THE BOARD OF DIRECTORS OF UEX CORPORATION
                              Stephen H. Sorensen
                              President & C.E.O.
     Forward-Looking Statements
     This news release contains "forward-looking statements" that are based on
UEX's current expectations, estimates, forecasts and projections. These
forward-looking statements include statements regarding UEX's outlook for our
future operations, plans and timing for the commencement or advancement of
exploration activities on our properties, and other expectations, intention
and plans that are not historical fact. The words "estimates", "projects",
"expects", "intends", "believes", "plans", or their negatives or other
comparable words and phrases are intended to identify forward-looking
statements. Such forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from future results expressed or implied by such forward-looking
statements. Many of these factors are beyond the control of UEX. Consequently,
all forward-looking statements made in this news release are qualified by this
cautionary statement and there can be no assurance that actual results or
developments anticipated by UEX will be realized. For the reasons set forth
above, investors should not place undue reliance on such forward-looking
statements. UEX disclaims any intention or obligation to update or revise
forward-looking information, whether as a result of new information, future
events or otherwise.
                                    Table 1.
                  Summer/Fall 2007 Horseshoe Drilling Program
                Intersections from Drill Holes HU-135 to HU-179.
     Note that hole HU-137 is excluded since it was already released. Only
         intervals with composite grades greater than 0.05% U(3)O(8) and a
     grade-thickness product greater than 0.1 are listed below. All analyses
        were performed by SRC by ICP. Results are still pending for
        metallurgical holes HU-156 and HU-157 which are currently being
      processed; equivalent probe grades are provided here. No intervals
     greater than 0.05% and a grade thickness product higher than 0.1 were
         intersected in holes HU-141, 142, 148, 149, 154, 165, 172, 174, 176,
                                    and 179.
     -------------------------------------------------------------------------
     Hole      Section  Depth of Hole  From       To     Length    Avg. Grade
               (North)    (metres)   (metres)  (metres) (metres)  (% U(3)O(8))
     -------------------------------------------------------------------------
     HU-135      4650          378     278.0     278.6      0.6         0.198
     HU-135                            286.9     299.4     12.5         0.098
     HU-135                            358.0     361.5      3.5         0.051
     -------------------------------------------------------------------------
     HU-136      4682          461     257.5     279.0     21.5         0.269
     HU-136              including     257.5     262.0      4.5         0.752
     HU-136                            295.0     296.0      1.0         0.253
     HU-136                            302.5     313.0     10.5         0.363
     HU-136                            325.0     326.0      1.0         0.205
     -------------------------------------------------------------------------
     HU-138      4682          449     266.7     269.6      2.9         0.249
     HU-138                            282.9     310.0     27.1         0.338
     HU-138              including     289.5     295.8      6.3         0.975
     HU-138                            333.6     335.3      1.7         0.064
     -------------------------------------------------------------------------
     HU-139      4724          311     187.2     191.9      4.7         0.054
     HU-139                            200.6     212.0     11.4         0.323
     -------------------------------------------------------------------------
     HU-140      4724          293     179.0     187.2      8.2         0.201
     -------------------------------------------------------------------------
     HU-143      4650          380     319.5     321.8      2.3         0.095
     HU-143                            327.3     329.0      1.7         0.399
     -------------------------------------------------------------------------
     HU-144      4724          290     136.8     138.5      1.7         0.101
     HU-144                            238.6     276.0     37.4         0.472
     HU-144              including     253.0     259.2      6.2         1.083
     HU-144              including     268.9     276.0      7.1         1.000
     -------------------------------------------------------------------------
     HU-145      4593          269     157.6     167.6     10.0         0.058
     HU-145                            196.0     201.3      5.3         0.102
     -------------------------------------------------------------------------
     HU-146      4611          284     148.4     156.5      8.1         0.111
     HU-146                            207.8     214.8      7.0         0.173
     -------------------------------------------------------------------------
     HU-147      4724          323     276.0     277.1      1.1         0.169
     HU-147                            281.1     303.3     22.2         0.215
     -------------------------------------------------------------------------
     HU-150      4611          284     233.8     239.7      5.9         0.261
     HU-150                            250.6     260.0      9.4         0.180
     -------------------------------------------------------------------------
     HU-151      4755          350     107.8     109.5      1.7         0.065
     HU-151                            132.8     134.5      1.7         0.110
     HU-151                            225.9     236.0     10.1         0.116
     HU-151                            257.5     262.0      4.5         0.313
     HU-151                            273.0     273.9      0.9         0.138
     -------------------------------------------------------------------------
     HU-152      4611          284     244.8     247.3      2.5         0.277
     -------------------------------------------------------------------------
     HU-153      4755          362     153.7     156.7      3.0         0.061
     HU-153                            281.0     299.0     18.0         0.117
     HU-153                            311.9     315.5      3.6         0.255
     HU-153                            331.1     333.9      2.8         0.444
     -------------------------------------------------------------------------
     HU-155      4755          236     307.0     322.5     15.5         0.193
     -------------------------------------------------------------------------
     HU-156(*)   4604          236     166.5     186.2     19.7      e0.895(*)
     -------------------------------------------------------------------------
     HU-157(*)   4724          430     284.3     319.1     34.8      e0.143(*)
     -------------------------------------------------------------------------
     HU-158      4755          428     257.1     265.7      8.6         0.213
     HU-158                            306.6     330.0     23.4         0.338
     HU-158              including     317.2     317.7      0.5         3.832
     -------------------------------------------------------------------------
     HU-159      4755          458     389.6     390.6      1.0         0.109
     -------------------------------------------------------------------------
     HU-160      4755          477     270.0     280.9     10.9         0.066
     HU-160                            287.5     293.0      5.5         0.069
     HU-160                            313.4     314.5      1.1         0.092
     HU-160                            440.5     443.2      2.7         0.118
     HU-160                            452.5     463.2     10.7         0.144
     -------------------------------------------------------------------------
     HU-161      4740          341     130.0     131.5      1.5         0.141
     HU-161                            247.7     249.0      1.3         0.106
     HU-161                            279.0     292.8     13.8         0.449
     HU-161              including     287.8     288.7      0.9         5.188
     -------------------------------------------------------------------------
     HU-162      4785          341     131.3     133.8      2.5         0.100
     HU-162                            220.7     221.8      1.1         0.400
     -------------------------------------------------------------------------
     HU-163      4755          483     301.0     302.7      1.7         0.160
     HU-163                            326.5     348.0     21.5         0.292
     HU-163              including     329.5     337.2      7.7         0.575
     -------------------------------------------------------------------------
     HU-164      4740          341     155.4     164.0      8.6         0.079
     HU-164                            245.2     247.0      1.8         0.093
     HU-164                            263.0     266.5      3.5         0.095
     HU-164                            276.5     284.0      7.5         0.210
     -------------------------------------------------------------------------
     HU-166      4740          368     291.5     303.0     11.5         0.149
     HU-166                            319.0     325.0      6.0         0.065
     -------------------------------------------------------------------------
     HU-167      4785          374     243.0     244.0      1.0         0.147
     -------------------------------------------------------------------------
     HU-168      4740          362     286.6     335.8     49.2         0.124
     HU-168              including     286.6     293.0      6.4         0.241
     -------------------------------------------------------------------------
     HU-169      4755          476     320.5     326.5      6.0         0.296
     -------------------------------------------------------------------------
     HU-170      4785          386     309.8     312.6      2.8         0.415
     -------------------------------------------------------------------------
     HU-171      4740          404     235.3     236.9      1.6         0.328
     HU-171                            309.8     333.9     24.1         0.312
     -------------------------------------------------------------------------
     HU-173      4740          419     243.0     250.8      7.8         0.071
     HU-173                            258.2     258.7      0.5         0.094
     HU-173                            271.0     273.3      2.3         0.167
     HU-173                            287.0     296.6      9.6         0.214
     HU-173                            305.0     309.5      4.5         0.073
     HU-173                            319.6     329.0      9.4         0.079
     -------------------------------------------------------------------------
     HU-175      4740          299     116.3     120.5      4.2         0.099
     HU-175                            136.0     137.0      1.0         0.193
     HU-175                            183.3     185.4      2.1         0.069
     HU-175                            211.5     230.0     18.5         0.123
     HU-175                            252.1     276.4     24.3         0.251
     HU-175              including     252.1     255.4      3.3         0.664
     HU-175              including     267.2     268.7      1.5         1.350
     -------------------------------------------------------------------------
     HU-177      4785          488     400.4     402.5      2.1         0.090
     -------------------------------------------------------------------------
     HU-178      4710          314     130.8     131.6      0.8         0.142
     HU-178                            275.2     276.3      1.1         0.187
     HU-178                            281.5     291.3      9.8         0.347
     HU-178              including     288.7     290.3      1.6         1.020
     -------------------------------------------------------------------------
     (*) Intercepts reported here for holes HU-156 and HU-157 are equivalent
     grades calculated from downhole probe data normalized to the Saskatchewan
     Research Council test pit, and to other drill holes from the Horseshoe
     deposit area. These are metallurgical drill holes for which analytical
     data will be released once sample processing is completed. Analytical
     data may vary by +/-15% from probe results.
                                    Table 2.
                    Summer/Fall 2007 Raven Drilling Program
                Intersections from Drill Holes RU-026 to RU-058.
         Only intervals with composite grades greater than 0.05% U(3)O(8) and
        a grade-thickness product greater than 0.1 are listed below. All
         analyses were performed by SRC by ICP. No intervals greater than
         0.05% and a grade thickness product higher than 0.1 were intersected
                  in holes RU-034, 044, 046, 049, 050 and 053.
     -------------------------------------------------------------------------
     Hole      Section  Depth of Hole  From       To     Length    Avg. Grade
               (North)    (metres)   (metres)  (metres) (metres)  (% U(3)O(8))
     -------------------------------------------------------------------------
     RU-026      5476          351     116.8     122.0      5.2         2.976
     RU-026              including     118.5     120.0      1.5         7.986
     RU-026              including     119.5     120.0      0.5        19.454
     RU-026                            134.5     138.0      3.5         0.101
     RU-026                            151.0     152.0      1.0         0.176
     -------------------------------------------------------------------------
     RU-027      5534          320      73.2      73.4      0.2         0.964
     RU-027                            102.6     112.1      9.5         0.195
     RU-027                            217.7     227.6      9.9         0.052
     -------------------------------------------------------------------------
     RU-028      5476          262     219.5     221.5      2.0         0.060
     -------------------------------------------------------------------------
     RU-029      5534          320     112.1     125.4     13.3         0.076
     RU-029                            188.0     193.8      5.8         0.141
     -------------------------------------------------------------------------
     RU-030      5476          332      87.5      90.0      2.5         0.133
     RU-030                            136.4     136.7      0.3         0.672
     -------------------------------------------------------------------------
     RU-031      5534          341     162.7     164.1      1.4         0.165
     -------------------------------------------------------------------------
     RU-032      5476          250     184.5     186.0      1.5         0.837
     -------------------------------------------------------------------------
     RU-033      5534          182     105.7     107.3      1.6         0.521
     -------------------------------------------------------------------------
     RU-035      5506          320     104.0     106.0      2.0         0.773
     RU-035                            151.5     153.1      1.6         0.075
     RU-035                            195.2     199.1      3.9         0.081
     RU-035                            218.0     219.0      1.0         0.130
     -------------------------------------------------------------------------
     RU-036      5448          350     106.5     113.0      6.5         0.148
     RU-036                            118.0     155.5     37.5         0.134
     RU-036                            258.0     260.0      2.0         0.083
     -------------------------------------------------------------------------
     RU-037      5506          282      97.4     103.5      6.1         0.181
     RU-037                            132.0     135.0      3.0         0.074
     -------------------------------------------------------------------------
     RU-038      5448          319     121.5     122.5      1.0         0.171
     RU-038                            127.0     128.5      1.5         0.433
     RU-038                            163.3     164.5      1.2         1.234
     -------------------------------------------------------------------------
     RU-039      5506          269      93.2      97.8      4.6         0.137
     -------------------------------------------------------------------------
     RU-040      5448          299      91.5      93.5      2.0         0.276
     -------------------------------------------------------------------------
     RU-041      5506          302     138.8     144.5      5.7         0.082
     RU-041                            197.7     199.0      1.3         0.635
     RU-041                            212.0     218.8      6.8         0.090
     -------------------------------------------------------------------------
     RU-042      5418          359     108.5     112.5      4.0         0.065
     RU-042                            120.5     121.5      1.0         0.106
     RU-042                            162.0     178.5     16.5         0.126
     RU-042                            291.5     297.0      5.5         0.117
     RU-042                            303.0     303.5      0.5         0.225
     -------------------------------------------------------------------------
     RU-043      5506          281     104.8     106.7      1.9         0.126
     RU-043                            213.6     221.3      7.7         0.431
     RU-043              including     214.1     216.6      2.8         0.764
     -------------------------------------------------------------------------
     RU-045      5506          278     125.6     128.0      2.4         0.068
     -------------------------------------------------------------------------
     RU-047      5445          340     105.5     129.5     24.0         0.133
     RU-047                            141.5     153.0     11.5         0.105
     RU-047                            184.0     187.5      3.5         0.459
     RU-047                            254.0     256.0      2.0         0.154
     RU-047                            266.0     273.0      7.0         0.094
     -------------------------------------------------------------------------
     RU-048      5418          221     113.5     151.5     38.0         0.175
     RU-048              including     132.0     139.5      7.5         0.416
     RU-048                            164.5     168.5      4.0         0.111
     RU-048                            177.5     188.5     11.0         0.137
     -------------------------------------------------------------------------
     RU-051      5506          212      95.3      96.3      1.0         0.199
     RU-051                            111.3     121.3     10.0         0.340
     RU-051              including     118.1     120.1      2.0         0.901
     -------------------------------------------------------------------------
     RU-052      5445          293     118.0     120.0      2.0         0.080
     RU-052                            125.5     130.5      5.0         0.074
     -------------------------------------------------------------------------
     RU-054      5580          272     252.5     257.4      4.9         0.174
     -------------------------------------------------------------------------
     RU-055      5445          271     108.0     111.0      3.0         0.105
     RU-055                            195.0     205.0     10.0         0.093
     -------------------------------------------------------------------------
     RU-056      5525          329     218.0     224.0      6.0         0.085
     -------------------------------------------------------------------------
     RU-057      5580          302     172.0     174.0      2.0         0.185
     -------------------------------------------------------------------------
     RU-058      5445          259     103.0     125.5     22.5         0.156
     RU-058                            143.0     147.0      4.0         0.088
     RU-058                            167.0     189.5     22.5         0.073
     -------------------------------------------------------------------------
     %SEDAR: 00017609E
For further information: UEX CORPORATION, Suite 1007 - 808 Nelson Street,
Vancouver, BC, Canada, V6Z 2H2, PH: (604) 669-2349, FAX (604) 669-1240,
Website: www.uex-corporation.com, email: uex@intergate.ca

Data and Statistics for these countries : Canada | Japan | All
Gold and Silver Prices for these countries : Canada | Japan | All

UEX Corp

EXPLORATION STAGE
CODE : UEX.TO
ISIN : CA9026661061
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UEX is an exploration gold and copper company based in Canada.

UEX holds various exploration projects in Canada.

Its main exploration properties are BLACK LAKE, RIOU LAKE, BEATTY RIVER, DOUGLAS, NORTHERN ATHABASCA PROJECTS, WESTERN ATHABASCA PROJECTS, FOND DU LAC, SHEA CREEK, HIDDEN BAY, ALEXANDRA, BRANDER LAKE PROJECTS and JAMES CREEK PROJECTS in Canada.

UEX is listed in Canada and in Germany. Its market capitalisation is CA$ 38.3 millions as of today (US$ 28.9 millions, € 26.7 millions).

Its stock quote reached its lowest recent point on August 15, 2003 at CA$ 0.05, and its highest recent level on November 09, 2007 at CA$ 9.30.

UEX has 319 240 000 shares outstanding.

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Financings of UEX Corp
5/18/2016Closes $7.25 Million Combined Flow-Through and Hard Dollar P...
6/5/2013Announces Closing of Private Placement
5/25/2013Announces $3.175 Million Private Placement
2/23/2012Announces $3 Million Private Placement
Nominations of UEX Corp
12/19/2013Announces the Appointment of Roger Lemaitre as President and...
4/29/2011appoints Ed Boney as Chief Financial Officer
5/27/2010Appoints Walter Segsworth and David Rhys to its Management A...
Financials of UEX Corp
11/6/2013Third Quarter 2013 Financial Results and MD&A
Project news of UEX Corp
1/7/20142014 Joint Venture Exploration Programs Commence
6/4/2013(Shea Creek)Announces Additional $2.0 Million Drilling Budget for Shea C...
4/10/2013(Shea Creek)Secures Right to Fund $18 Million in Additional Drilling at ...
3/20/2013(Shea Creek)/AREVA Announce $3.1 Million Budget for Shea Creek Spring/Su...
2/13/2013(Black Lake)Regarding Uracan's Option for Black Lake Project in the Atha...
4/26/2012(Shea Creek)/AREVA 2012 Shea Creek Drilling Program Underway
2/16/2012(Hidden Bay)Commences Winter 2012 Hidden Bay Drilling Program
11/30/2011(Shea Creek)Announces Shea Creek Drilling Budget of $6 Million for 2012
8/9/2011(Hidden Bay)Commences 18,000 Metre Summer Drilling Program at Hidden Bay
2/24/2011(Western Athabasca Projects)/AREVA 2011 Western Athabasca Basin Drilling Programs Underw...
2/18/2010(Hidden Bay)Receives West Bear Preliminary Feasibility Study Reporting P...
1/27/2010(Shea Creek)2010 Western Athabasca Basin Drilling Programs Underway with...
1/6/2010(Hidden Bay)Reports Results of Summer 2009 Exploration on the Hidden Bay...
7/23/2009(Hidden Bay)Reports Significantly Expanded Resource Estimates for the Ho...
2/25/2009(Shea Creek)2009 Drill Program Underway at Shea Creek with Three Drills
1/12/2009(Shea Creek)/AREVA Drilling in the Prospective Corridor at Shea Creek Co...
1/5/2009Reports N.I. 43-101 Compliant Mineral Resource Estimate for ...
9/29/2008(Hidden Bay)reports N.I. 43-101 compliant mineral resource for Horseshoe...
6/18/2008/AREVA Drilling Outlines New Zone of High-grade Mineralizati...
1/17/2008(Hidden Bay) Launches Largest Winter Drilling Program at Hidden Bay with...
1/15/2008(Shea Creek)UEX/AREVA Launch Largest Drill Program to Date at Shea Creek...
12/5/2007(Shea Creek)/AREVA Plan $20.3 Million Program at Shea Creek for 2008 Whi...
12/4/2007(Shea Creek)/AREVA Report Additional High-Grade Basement-Hosted Minerali...
11/14/2007/AREVA Report High-Grade Basement-Hosted Mineralization in t...
10/18/2007Report Second-Best Hole Ever at the Anne Deposit Intersectin...
9/4/2007(Shea Creek)/AREVA to Commence Shea Creek Drilling Program with Three Dr...
8/21/2007(Black Lake)Extends Uranium Mineralization at Black Lake Hole BL-140 Int...
7/23/2007Reports Best Hole Ever from West Bear Deposit: Hole UEX-206 ...
7/12/2007Drilling Extends Mineralization at Kianna Deposit: SHE-115-1...
6/14/2007 Plans to Initiate Final Feasibility Study at Raven and Hors...
2/8/2006(Beatty River)2006 winter exploration commences at Beatty River Uranium pr...
Corporate news of UEX Corp
8/18/2016Research Reports Initiated on Uranium Miners Stocks U3O8, UE...
7/11/2016Paul Bay Continuity Confirmed and Down-Dip Drilling Underway
6/24/2016High Grade Zone Extended at Christie Lake
6/13/2016Drill Turning at Christie Lake
6/8/2016UEX Corporation Reports Results of Annual General Shareholde...
5/25/2016Highest Grade Hole at Christie Lake Project – 9.3% U3O8 over...
5/17/2016UEX Closes $7.25 Million Combined Flow-Through and Hard Doll...
5/2/2016UEX Places “Flow-Through” Shares and Overallotment Option; A...
4/28/2016UEX Announces $4.0 Million “Flow-Through” Private Placement
4/13/2016UEX intersects 4.27% eU3O8 over 10.2 m at Christie Lake
1/22/2016UEX Closes $2.0 Million Private Placement
1/19/2016Final Option Agreement Signed - Drill Program to Commence Im...
1/19/2016UEX Corporation: Final Option Agreement Signed-Drill Program...
12/22/2015UEX Announces $2.0 Million Private Placement
10/26/2015UEX Signs LOI on Advanced Stage Athabasca Uranium Project
9/21/2015Uranium companies could take the cake
4/21/2015UEX Announces $2.5 Million Private Placement
4/10/2015New Radioactive Fault at Wolf Lake Returns Probe Peak of 12,...
2/27/2015Promising Hydrothermal Clay Alteration Expanded at Dwyer Lak...
6/5/2014UEX/AREVA Report Drilling Results from Laurie and Mirror Riv...
4/2/2014(Black Lake)Uracan/UEX report uranium mineralization on the Black Lake P...
11/28/2013(Shea Creek)Reports 31.5 Metres Grading 0.80% eU3O8, Including 4.05% eU3...
8/6/2013(Shea Creek)Reports 22.3 Metres Grading 0.85% eU3O8, including 5.93% eU3...
6/4/2013(Shea Creek)Announces Completion and Filing of Shea Creek Technical Repo...
3/21/2013(Beatty River)Announces Completion of Beatty River Earn-in
8/8/2012/AREVA Drilling Continues to Outline Thick Mineralization at...
6/8/2012Board Re-elected and Mark Eaton Re-Appointed Chairman
5/31/2012/AREVA Drilling Continues to Outline Thick Unconformity Mine...
5/7/2012Terminates Shareholder Rights Plan
5/1/2012(Hidden Bay)Reports Summer-Fall 2011 Drilling Results for the Raven and ...
2/17/2012Announces $8 Million Bought Deal
12/16/2011Comments by David Talbot on UEX Corporation in the Energy Re...
12/7/2011Adopts Shareholder Rights Plan
12/6/2011(Shea Creek)/AREVA Drilling Expands Mineralization Northward from the Ki...
6/24/2011Board Re-elected
4/28/2011appoints Nan Lee as Vice-President of Project Development
3/17/2010Significant Unconformity Intersections at Shea Creek's 58B A...
9/23/2009CEO Stephen Sorensen to Retire; Board Names Current Chairman...
6/10/2009Stepout Drilling Expands Mineralization at Raven and Horsesh...
11/26/2008Announces Minimum $16.5 Million Budget for 2009
4/9/2008 reports final results of 2007 Horseshoe and Raven drilling,...
3/26/2008Eaton Joins UEX Board
1/22/2008UEX Commences 2008 Winter Exploration Program at Black Lake ...
1/14/2008UEX Earns Full 49% Interest in AREVA's Western Athabasca Ura...
12/14/2007Interim Resource Estimate for the West Bear Deposit Adds 223...
7/11/2007Commences Summer/Fall 2007 Drilling Programs at the Raven an...
4/23/2007on Riou Lake and Northern Athabasca Uranium Projects 2007 Ge...
2/28/2007Commences 2007 Winter Exploration Program at Black Lake Uran...
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TORONTO (UEX.TO)FRANKFURT (UXO.F)
0.120-4.00%0.072-2.70%
TORONTO
CA$ 0.120
02/14 15:51 -0.010
-4%
Prev close Open
0.125 0.130
Low High
0.120 0.130
Year l/h YTD var.
0.110 -  0.140 -17.24%
52 week l/h 52 week var.
0.110 -  0.195 -20.00%
Volume 1 month var.
237,722 4.35%
24hGold TrendPower© : 44
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