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ESO Starts First Phase Of Work On Donna (Formerly DNA) Gold
Property On Monashee Mountain, B.C.
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ESO Uranium Corp. (TSX-V: ESO), the Company (ESO), is starting a
programme of work to open up access and carry out sampling of old
trenches on its Donna property. ESO has enlarged the area of claims
around the original 724.9 hectare mineral property to make a total area
of 2,091.65 hectares (approximately 5,168 acres) to complete coverage
of extensions of geochemical anomalies in soils around the gold
discovery made by El Paso in 1973. Further work including an IP survey
followed by drilling for definition of targets related to the known
gold zones will be planned for early summer 2010.
ESO has obtained and reviewed various reports concerning past
exploration work conducted on the Donna property which were not
prepared in accordance with NI 43-101. The following technical
information has been taken from these reports, however ESO has not
completed sufficient work to verify the accuracy of this historical
information. Accordingly, readers should use caution when considering
this information and should not rely upon the accuracy of such
information.
Compilation work was completed on the previous work programmes of
geochemical surveys, trenching and drilling. This information was
assembled onto a common database and format, and indicates a strong
linear zone of gold values intersected by 4 trenches over a distance of
250 metres and open on both ends, to the NW and SE. Corresponding soil
samples ranging from trace to 4200 ppb (4.2 g/t) gold were found
covering and surrounding this area. Grab samples values from the area
trenched are reported in assessment files from 0.02 oz./s.ton (0.69
g/t) gold to 0.66 oz/s.ton (22.76 g/t) gold found in float from the
area of the soils geochemistry anomaly.
Grades ranging from trace to 0.86 oz/s.ton (29.66 g/t) gold over 8.25
feet (2.5 m.) with a high value of 3.28 oz/s.ton (112.41 g/t) gold over
3 inches (7.5cms) were returned in sampling of the trench walls in this
zone. Drilling intercepts ranged from trace to 0.034 oz/s.ton (1.17
g/t) from 129 to 141 feet (39.3 to 43.0 m) with a high value of 0.55
oz/s.ton (19.09 g/t) from 78 to 82 feet (23.8 to 25.0 m) all in
apparent widths. While these samples show significant gold values, the
main exploration target is a bulk tonnage gold-silver deposit supported
by the stockwork mineralization.
In a 1982 assessment report for Granex Resources, independent
consultant F.M.Smith, P.Eng, B.C. reported that from trench samples,
the grade of the mineralized zones were indicated to average 0.12
oz/s.ton (4.1 g/t) gold over average widths of at least 6 metres,
ranging to a maximum of 12.8 metres..
A segment of a second, parallel gold zone is intersected in two
trenches 100 meters to the SW of the above zone.
B.Ainsworth, PEng BC, is the Qualified Person responsible for the
technical disclosure contained in this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
"Ben Ainsworth"
Vice President, Exploration
For corporate communications please contact:
Robert Meister
ESO Uranium Corp.
Vancouver, BC
Phone: (604) 629-0293
Toll Free: 1-866-629-8368
Email: info@esouranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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. Such risks
and uncertainties are detailed in the Company's filing with the
Securities and Exchange Commission.
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Copyright (c) 2009 ESO URANIUM CORP. (ESO) All rights reserved. For
more information visit our website at http://www.esouranium.com/ or
send mailto:info@esouranium.com
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ESO Uranium Corp
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EXPLORATION STAGE |
CODE : ESO.V |
ISIN : CA2691041057 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ESO Uranium is a uranium exploration company based in Canada. ESO Uranium holds various exploration projects in Canada. Its main exploration properties are CLUFF LAKE, MANDIN, CARSWELL, PATTERSON PROPERTY, CREE, HATCHET, MIKWAM, MARIETTA PROPERTY, TEELS MARSH PROPERTY, KLONDIKE PROPERTY, MATHISON LAKE (MATH), DONNA and HOOK in Canada. ESO Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.6 millions as of today (US$ 2.4 millions, € 1.7 millions). Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.48, and its lowest recent point on December 31, 2013 at CA$ 0.02. ESO Uranium has 13 052 777 shares outstanding. |