UEX Corp

Published : June 10th, 2009

Stepout Drilling Expands Mineralization at Raven and Horseshoe

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Diamond | Japan | K Street | Nickel | Uranium |

UEX Stepout Drilling Expands Mineralization at Raven and Horseshoe

     New N.I. 43-101 Compliant Resource Estimate Scheduled for Release in
     July.
     RU-169 Intersects 0.43% U(3)O(8) Over 18.4 Metres at Raven.

     Trading Symbol: UEX-TSX

     VANCOUVER, June 10 /CNW/ - UEX Corporation ("UEX") is pleased to announce
drilling results from its winter 2009 drilling program at the Raven and
Horseshoe Deposits, which are located within UEX's 100%-owned Hidden Bay
Project in the eastern Athabasca Basin of northern Saskatchewan, Canada.
Drilling during this program expanded the footprint of the deposits, and the
results will be incorporated into a revised and expanded National Instrument
43-101 (N.I. 43-101) resource estimate which is expected to be received in
early July. Stepout drilling conducted beyond the limits of the existing
resources included intercepts of 0.43% U(3)O(8) over 18.4 metres in hole
RU-169 at the Raven Deposit ("Raven"), and 0.22% U(3)O(8) over 19.6 metres in
hole HU-324 at the Horseshoe Deposit ("Horseshoe"). Several holes drilled
within the limits of the previous resource to better establish the continuity
of wider mineralized intervals were also successful, with intercepts of 0.192%
U(3)O(8) over 19.6 metres in hole HU-324 at Horseshoe and 0.169% U(3)O(8) over
23.0 metres in hole RU-179 at Raven.
     As previously reported in the January 5, 2009 news release and a N.I.
43-101 report filed on SEDAR on February 19, 2009, the Raven and Horseshoe
Deposits collectively contain, at a cutoff grade of 0.05% U(3)O(8), N.I.
43-101 compliant resources that include 7,545,300 tonnes grading 0.168%
U(3)O(8), which contain 27,847,000 pounds U(3)O(8) in the Indicated category,
and a further 805,200 tonnes grading 0.144 % U(3)O(8) in the Inferred category
containing 2,560,000 pounds of U(3)O(8). Within these combined resources, the
resources for the Horseshoe Deposit comprise 3.58 million tonnes grading 0.24%
U(3)O(8) in the Indicated category containing 18.69 million pounds of
U(3)O(8), and 0.31 million tonnes grading 0.21% U(3)O(8) in the Inferred
category containing 1.43 million pounds of U(3)O(8). Resources for both
deposits were estimated by K. Palmer, P.Geo. of Golder Associates Ltd.
("Golder"). Resource modeling incorporating the new drilling results is well
underway and anticipated to be completed in July.
     The winter 2009 drilling program comprised 32,167 metres of drilling in
105 Diamond drill holes which were completed between January and April, 2009
using three drills. This program included 56 drill holes (16,631 metres) at
Raven, consisting mostly of stepout drill holes in western parts of the
deposit, but also included four infill drill holes and seven holes drilled to
test targets east of Raven. A total of 49 drill holes (15,536 metres) were
completed at Horseshoe which were focused mainly in the Horseshoe Northeast
area, expanding mineralization there. Ten of the Horseshoe drill holes
explored the area between Horseshoe and Raven to the west. In addition to the
drilling, UEX recently completed a 170 line-kilometre DC resistivity survey to
identify additional targets west, northwest and south of the deposits.
     To view a map of new mineralization outlined during the winter 2009
drilling program at Raven and Horseshoe, visit UEX's website at
www.uex-corporation.com under "News Releases."

     Horseshoe Drilling Results

     The winter 2009 drilling in the Horseshoe Northeast area has now expanded
mineralization by approximately 300 metres to the northeast of the previous
N.I. 43-101 compliant Horseshoe resource. Mineralization in this area occurs
in two new zones which lie close to, but northeast of, the previously defined
areas of mineralization. The mineralization has now been defined at
approximately 30-metre drill hole spacing. One drill hole was also completed
as an infill hole in previously defined eastern parts of Horseshoe.
Significant drilling intercepts from the Horseshoe drilling program are listed
in Table 1. Highlights include the following:

     -   0.082% U(3)O(8) over 15.0 metres in hole HU-311 (section 4805N);
     -   0.187% U(3)O(8) over 8.0 metres in hole HU-316 (section 4915N);
     -   0.068% U(3)O(8) over 21.0 metres in hole HU-321 (section 4954N);
     -   0.220% U(3)O(8) over 19.6 metres in hole HU-324 (section 4847N),
            including 1.089% U(3)O(8) over 3.1 metres;
     -   0.192% U(3)O(8) over  25.5 metres in hole HU-331 (BE zone infill
         drill hole, section 4673N),
            including 1.517% U(3)O(8) over 1.5 metres;
     -   0.687% U(3)O(8) over 3.2 metres in hole HU-349 (section 4858N);
     -   0.183% U(3)O(8) over 5.6 metres also in hole HU-349 (section 4858N);
         and
     -   0.068% U(3)O(8) over 27.0 metres also in hole HU-349 (section 4858N).

     True thickness and morphology of the mineralization associated with these
intercepts is variable, with the northeastern pod defining a steep northwest
dipping, broad lobe that is parallel to the metamorphic stratigraphy. The
deeper G zone, represented by drill hole HU-324 and several holes drilled in
the fall of 2008, including drill hole HU-289 (0.57% U(3)O(8) over 23.0
metres), is a lenticular, southeast dipping lens which lies at depths of 300
to 450 metres below surface immediately to the northeast of the previous
resource. The HU-349 intercept is a broad mineralized interval that returned
0.034% U(3)O(8) over 316.4 metres when composited continuously, including 84.6
metres that were not sampled and which have been composited at zero grade.
This latter intercept, while probably drilled at a shallow angle to a
mineralized zone, has established a steeply dipping link between the two
Horseshoe Northeast zones and has enhanced understanding of the mineralization
continuity.
     Drill holes HU-348 and HU-350 to HU-358 were directed at exploration
targets west of the Horseshoe Deposit and east of the Raven Deposit. The most
significant mineralization intercepted in this area is 0.078% U(3)O(8) over
11.0 metres in drill hole HU-350. This mineralization could form part of a
small pod between the two deposits, although its size is limited by adjacent
drill holes. Potential for additional small pods still exists between the two
deposits in areas of widely spaced drilling.

     Raven Drilling Results

     The winter 2009 drilling program expanded the Raven Deposit an additional
250 metres west of the recent N.I. 43-101 compliant Raven resource.
Mineralization intersected is primarily in extensions of the two previously
defined principal zones within the Raven Deposit: the shallow-plunging Upper
zone and the southeast-dipping Lower zone. In addition, two infill drill holes
also better established continuity of mineralization within the existing
resource area. Full results are listed in Table 2. Principal drilling
intercepts include the following:

     -   0.748% U(3)O(8) over 2.3 metres in hole RU-162 (section 5062E);
     -   0.222% U(3)O(8) over  5.4 metres in hole RU-164 (section 5065E);
     -   0.166% U(3)O(8) over  6.6 metres in hole RU-168 (section 4996E);
     -   0.425% U(3)O(8) over 18.4 metres in hole RU-169 (section 4936E),
            including 1.095% U(3)O(8) over 3.1 metres;
     -   0.191% U(3)O(8) over 6.2 metres also in hole RU-169 (section 4936E);
     -   0.141% U(3)O(8) over 23.0 metres in hole RU-172 (infill hole, section
         5529E);
     -   0.108% U(3)O(8) over 30.0 metres in hole RU-175 (section 4911E);
     -   0.060% U(3)O(8) over 28.0 metres in hole RU-177 (section 5613E);
     -   0.169% U(3)O(8) over 23.0 metres in hole RU-179 (infill hole, section
         5613E);
     -   0.298% U(3)O(8) over 7.0 metres also in hole RU-179 (infill hole,
         section 5613E);
     -   0.085% U(3)O(8) over 16.8 metres in hole RU-181 (section 5220E)
     -   0.212% U(3)O(8) over 11.25 metres in hole RU-187 (infill hole,
         section 5000E);
     -   0.087% U(3)O(8) over 15.0 metres also in hole RU-187 (infill hole,
         section 5000E);
     -   0.120% U(3)O(8) over 25.0 metres in hole RU-192 (section 4915E);
     -   0.800% U(3)O(8) over 1.5 metres in hole RU-195 (section 4936E);
     -   0.138% U(3)O(8) over 12.0 metres in hole RU-197 (section 4937E);
     -   0.228% U(3)O(8) over 10.3 metres in hole RU-206 (section 4968E); and
     -   0.062% U(3)O(8) over 27.2 metres in hole RU-207 (section 5065E).

     True thickness of the intercepts is variable since mineralized zones have
complex shapes. Most zones are lensoidal.
     Seven holes drilled east of the Raven Deposit (RU-191, 194, 196, 198,
201, 202 and 204) indicate that the principal mineralized zones are now
bounded in this eastern area. Narrow intervals of mineralization were
intersected in several of these holes, including 0.122% U(3)O(8) over 2.0
metres in drill holes RU-194, and intercepts of 0.152% U(3)O(8) over 1.5
metres and 0.161% U(3)O(8) over 1.0 metres in hole RU-202. Similar to the
holes drilled west of Horseshoe, these results suggest the potential for small
mineralized pods between the two deposits, but bounding drill holes limit
their potential size.

     Summer 2009 Exploration Program

     With the successful expansion of the Raven and Horseshoe Deposits by
definition drilling in the winter of 2009, drilling has now largely tested the
area of previous historical drilling by Gulf Minerals Canada ("Gulf"). Parts
of some mineralized zones which remain partially open will be tested with
several drill holes this summer. A small near surface pod of mineralization at
Raven which was intersected by several widely spaced Gulf drill holes,
including an intercept in hole LB-80 of 1.89% U(3)O(8) over 2.43 metres at
depths of approximately 40 metres from surface, will be tested this summer by
six short drill holes. In addition to these near surface targets, areas of
clay alteration and inferred structures defined by previous drill holes and
2009 resistivity surveys will be tested in the proximity of the Raven and
Horseshoe Deposits. In the Vixen Lake area to the northwest, drilling will
also test the source area of pitchblende mineralization that occurs in glacial
till and coincides with new anomalous DC resistivity lows identified during
the winter geophysical program. Approximately 10,000 metres of drilling with
two drills is planned for Horseshoe, Raven and adjacent areas.
     An additional 5,000 metres of drilling is planned for the Telephone Lake
area in the northwestern parts of the Hidden Bay property. This area, which
lies just south of and along strike from the Sue Deposits on the adjacent
McClean Lake mine property operated by AREVA Resources Canada Inc. ("AREVA"),
contains potential for discovery of a Sue C or Eagle Point style
mineralization along the Telephone Lake Fault. Drilling will target areas of
mineralization down dip from previous mineralized intercepts near the
Athabasca unconformity that include 0.20% U(3)O(8) over 6.8 metres in drill
hole SP-166, and 4.52% U(3)O(8) over 0.5 metres in drill hole SP-156.

     About the Raven and Horseshoe Deposits

     Mineralization at the Raven and Horseshoe Deposits comprises mainly
southeast dipping zones of hematization with disseminated and veinlet
pitchblende-boltwoodite-uranophane that are hosted by folded arkosic quartzite
gneiss. Mineralization comprises a combination of disseminated
pitchblende-chlorite-hematite, and narrower, higher grade nodular and veinlet
pitchblende in hematite-clay alteration. Mineralization in the resource area
at Horseshoe has been defined to date continuously over a strike length of
approximately 600 metres and a dip length of up to 300 metres, occurring at
depths of 100-420 metres below surface. At Raven, which lies 0.5 kilometres
west of Horseshoe, mineralization in the current resource has to date been
defined over a strike length of approximately 700 metres at depths below
surface of 100 to 300 metres in two dominant, subhorizontal zones. The
deposits are located less than 5 kilometres south of Cameco Corporation's
Rabbit Lake operations, and 12 kilometres southeast of AREVA's McClean Lake
operations. Both 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.
     Raven and Horseshoe mineralization comprises pitchblende and other
uranium oxides and silicates without potentially deleterious nickel-arsenide
minerals that may affect extraction and pose tailings disposal problems. As
previously reported, metallurgical studies on representative composited drill
core assay rejects and metallurgical drill holes from both deposits indicate
that the uranium in the Raven and Horseshoe Deposits is easily leached under
relatively mild atmospheric leach conditions. The excellent extraction levels
are comparable to other metallurgically simple basement hosted deposits in the
region, including the nearby Eagle Point Deposit.
     In progressing toward a combined feasibility study on the Raven and
Horseshoe Deposits, environmental baseline studies were commenced by Golder in
2006. During the 2007 and 2008 drilling programs, geotechnical studies of the
area of the deposits also commenced, assessing rock properties and
hydrogeology. Once the new resource is received, UEX plans to initiate initial
scoping work prior to undertaking any feasibility study.

     Sample Handling and Quality Assurance

     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
Saskatchewan Research Council Geoanalytical Laboratories ("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 has
commenced systematic insertion of sample blanks and 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.
     The technical information in this document has been compiled and reviewed
by D. 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
356,088 hectares (879,913 acres), are located in the eastern, western and
northern perimeters of the Athabasca Basin, the world's richest uranium belt,
which accounts for approximately 21% of the global primary uranium production.
UEX is currently developing several uranium deposits in the Athabasca Basin
which include the Kianna, Anne and Colette Deposits at its 49%-owned 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 planned for 2009 total approximately $22.5 million, of
which UEX will be responsible for approximately $17.0 million.

            ON BEHALF OF THE BOARD OF DIRECTORS OF UEX CORPORATION

                              Stephen H. Sorensen,
                                President & CEO

     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 based on certain factors and
assumptions and 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. Important factors that could
cause actual results to differ materially from UEX's expectations include
uncertainties relating to interpretation of drill results and geology,
continuity and grade of deposits, fluctuations in uranium prices and currency
exchange rates, and other risks and uncertainties disclosed in UEX's Annual
Information Form and other filings with the securities commission on SEDAR.
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. Except as required by applicable law, 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.
                    Winter 2009 Horseshoe Drilling Program
               Intersections from Drill Holes HU-310 to HU-358.

     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 Saskatchewan Research Council by ICP.  No intervals greater than
0.05% U(3)O(8) and a grade thickness product higher than 0.1 were intersected
in holes HU-312, 313, 318, 322, 325, 326, 335, 336, 338, 340, 342, 344, 346,
and 351-358.


     -------------------------------------------------------------------------
                                                                        Avg.
             Section  Depth of Hole    From         To      Length   Grade (%
     Hole    (North)    (metres)     (metres)    (metres)  (metres)  U(3)O(8))
     -------------------------------------------------------------------------
     HU-310    4805     474            317.8       325.6      7.8       0.073
                                       341.0       352.0     11.0       0.089
                                       363.0       364.0      1.0       0.220
     -------------------------------------------------------------------------
     HU-311    4870     279            166.6       181.6     15.0       0.082
                                       254.1       256.0      1.9       0.366
     -------------------------------------------------------------------------
     HU-314    4885     249            110.3       116.0      5.7       0.111
                                       166.0       169.0      3.0       0.067
                                       177.0       179.0      2.0       0.061
     -------------------------------------------------------------------------
     HU-315    4795     444            300.0       303.0      3.0       0.093
                                       323.7       325.0      1.3       0.079
                                       377.6       378.2      0.6       0.656
     -------------------------------------------------------------------------
     HU-316    4915     346            168.0       176.0      8.0       0.187
                                       225.0       225.4      0.4       0.406
                                       248.5       249.5      1.0       0.291
                                       289.2       291.0      1.8       0.067
     -------------------------------------------------------------------------
     HU-317    4915     300            145.0       146.0      1.0       0.212
                                       157.6       157.9      0.3       0.891
                                       174.7       181.7      7.0       0.071
     -------------------------------------------------------------------------
     HU-319    4954     261            214.0       216.4      2.4       0.106
     -------------------------------------------------------------------------
     HU-320    4833     471            385.0       386.0      1.0       0.111
     -------------------------------------------------------------------------
     HU-321    4954     279            151.0       172.0     21.0       0.068
     -------------------------------------------------------------------------
     HU-323    4833     285            211.0       213.0      2.0       0.107
     -------------------------------------------------------------------------
     HU-324    4847     453            179.6       180.2      0.6       0.248
                                       362.5       363.7      1.2       0.315
                                       379.6       399.2     19.6       0.220
                        including      396.1       399.2      3.1       1.089
     -------------------------------------------------------------------------
     HU-327    4885     399            273.4       275.2      1.8       0.084
     -------------------------------------------------------------------------
     HU-328    4871     450            357.0       358.0      1.0       0.413
                                       361.0       362.0      1.0       0.146
                                       396.9       397.8      0.9       0.151
     -------------------------------------------------------------------------
     HU-329    5015     299             33.0        33.7      0.7       0.613
                                        41.0        43.1      2.1       0.230
     -------------------------------------------------------------------------
     HU-330    4897     417            344.5       345.2      0.7       0.443
     -------------------------------------------------------------------------
     HU-331    4673     359            295.5       321.0     25.5       0.192
                        including      295.5       297.0      1.5       1.517
     -------------------------------------------------------------------------
     HU-332    4985     349            265.0       268.0      3.0       0.096
                                       277.4       278.0      0.6       0.198
     -------------------------------------------------------------------------
     HU-333    4985     222            138.0       140.2      2.2       0.077
                                       147.0       156.0      9.0       0.068
                                       168.5       175.5      7.0       0.050
                                       186.5       196.5     10.0       0.051
     -------------------------------------------------------------------------
     HU-334    4985     241            185.0       188.0      3.0       0.060
     -------------------------------------------------------------------------
     HU-337    4985     180            102.0       104.0      2.0       0.055
     -------------------------------------------------------------------------
     HU-339    5015     120             45.4        46.4      1.0       0.354
     -------------------------------------------------------------------------
     HU-341    5015     270            216.0       218.0      2.0       0.070
     -------------------------------------------------------------------------
     HU-343    5015     300            203.7       208.0      4.3       0.134
                                       223.0       225.0      2.0       0.059
     -------------------------------------------------------------------------
     HU-345    5045     270            180.0       182.0      2.0       0.058
     -------------------------------------------------------------------------
     HU-347    4858     300            107.0       109.0      2.0       0.118
                                       180.0       185.0      5.0       0.064
     -------------------------------------------------------------------------
     HU-348    4033     289            143.5       147.0      3.5       0.077
     -------------------------------------------------------------------------
     HU-349(*) 4845     519            108.9       111.3      2.4       0.115
                                       162.0       166.3      4.3       0.144
                                       213.9       215.4      1.5       0.199
                                       253.4       256.6      3.2       0.687
                                       264.6       265.6      1.0       0.153
                                       274.6       276.0      1.4       0.180
                                       303.0       308.6      5.6       0.183
                                       332.6       334.9      2.3       0.053
                                       348.0       349.0      1.0       0.108
                                       355.0       356.8      1.8       0.244
                                       372.5       376.0      3.5       0.061
                                       387.0       390.0      3.0       0.196
                                       433.0       438.0      5.0       0.076
                                       476.0       503.0     27.0       0.068
     -------------------------------------------------------------------------
     HU-350    4033     300            178.5       189.5     11.0       0.078
     -------------------------------------------------------------------------

     (*) HU-349 interval also composites to 0.034% U(3)O(8) over 316.4 metres,
         including 84.6 metres that were not sampled and which have been
         composited at 0 grade.


                                    Table 2.
                      Winter 2009 Raven Drilling Program
                Intersections from Drill Holes RU-161 to RU-216.

     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 Saskatchewan Research Council by ICP. No intervals greater than
0.05% U(3)O(8) and a grade thickness product higher than 0.1 were intersected
in holes RU-165, 166, 173, 176, 178, 180, 183, 184, 188, 190, 196, 198, 201,
203, 204, 205, 208, 210, 212, 214, 215, and 216.


     -------------------------------------------------------------------------
                                                                        Avg.
             Section  Depth of Hole    From         To      Length   Grade (%
     Hole     (East)    (metres)     (metres)    (metres)  (metres)  U(3)O(8))
     -------------------------------------------------------------------------
     RU-161    5062     320            232.3       237.3      5.0       0.133
                                       260.4       261.5      1.1       0.343
                                       270.4       271.5      1.1       0.276
     -------------------------------------------------------------------------
     RU-162    5062     299            140.7       143.0      2.3       0.092
                                       221.3       223.0      1.7       0.103
                                       231.7       234.0      2.3       0.748
     -------------------------------------------------------------------------
     RU-163    5062     291            137.3       145.0      7.7       0.090
     -------------------------------------------------------------------------
     RU-164    5065     212            115.8       121.2      5.4       0.222
                                       132.0       133.5      1.5       0.065
     -------------------------------------------------------------------------
     RU-167    5060     380            296.2       298.0      1.8       0.060
                                       309.0       313.0      4.0       0.068
                                       321.4       322.3      0.9       0.120
     -------------------------------------------------------------------------
     RU-168    4996     356             93.0        94.0      1.0       0.195
                                       102.0       103.0      1.0       0.115
                                       252.5       253.5      1.0       0.098
                                       275.8       282.4      6.6       0.166
                        including      275.8       276.1      0.3       2.240
     -------------------------------------------------------------------------
     RU-169    4936     380            163.0       169.2      6.2       0.191
                                       187.8       190.0      2.2       0.079
                                       201.0       219.4     18.4       0.425
                        including      214.3       217.4      3.1       1.095
     -------------------------------------------------------------------------
     RU-170    4936     386            188.8       190.7      1.9       0.098
                                       204.4       205.4      1.0       0.105
     -------------------------------------------------------------------------
     RU-171    4936     320            149.0       151.0      2.0       0.072
                                       157.0       158.2      1.2       0.098
                                       215.0       218.0      3.0       0.241
                                       225.9       226.5      0.6       0.362
     -------------------------------------------------------------------------
     RU-172    5529     288             73.0        76.0      3.0       0.063
                                        88.0       111.0     23.0       0.141
                                       209.0       217.0      8.0       0.083
     -------------------------------------------------------------------------
     RU-174    5562     309             96.5        98.0      1.5       0.117
                                       106.5       108.0      1.5       0.199
                                       243.0       251.0      8.0       0.084
     -------------------------------------------------------------------------
     RU-175    4911     251            144.7       174.7     30.0       0.108
     -------------------------------------------------------------------------
     RU-177    5613     279            216.0       244.0     28.0       0.060
     -------------------------------------------------------------------------
     RU-179    5613     291            105.0       108.5      3.5       0.072
                                       146.0       149.0      3.0       0.132
                                       171.0       194.0     23.0       0.169
                                       221.0       228.0      7.0       0.298
                                       240.0       243.5      3.5       0.074
     -------------------------------------------------------------------------
     RU-181    5220     345            286.2       303.0     16.8       0.085
     -------------------------------------------------------------------------
     RU-182    5000     251            185.0       187.0      2.0       0.078
                                       212.4       223.0     10.6       0.066
     -------------------------------------------------------------------------
     RU-185    4886     420            173.5       174.5      1.0       0.110
                                       189.0       191.5      2.5       0.232
                                       347.5       354.0      6.5       0.082
     -------------------------------------------------------------------------
     RU-186    5000     161            134.5       138.5      4.0       0.046
     -------------------------------------------------------------------------
     RU-187    5000     212             63.8        75.0     11.2       0.212
                        including       63.8        68.1      4.3       0.483
                                        99.0       114.0     15.0       0.087
                                       133.0       137.0      4.0       0.067
                                       165.0       172.0      7.0       0.119
                                       195.0       203.0      8.0       0.096
     -------------------------------------------------------------------------
     RU-189    4886     399            165.4       167.0      1.6       0.277
     -------------------------------------------------------------------------
     RU-191    5780     259            212.0       214.0      2.0       0.053
     -------------------------------------------------------------------------
     RU-192    4915     212            123.5       127.0      3.5       0.147
                                       158.5       183.5     25.0       0.120
     -------------------------------------------------------------------------
     RU-193    4915     200            165.0       166.8      1.8       0.115
     -------------------------------------------------------------------------
     RU-194    5780     330            225.0       227.0      2.0       0.122
                                       258.0       260.5      2.5       0.046
     -------------------------------------------------------------------------
     RU-195    4936     260            145.0       146.0      1.0       0.204
                                       165.5       168.0      2.5       0.100
                                       190.5       192.0      1.5       0.800
                                       202.0       220.5     18.5       0.052
     -------------------------------------------------------------------------
     RU-197    4937     245            132.0       144.0     12.0       0.138
                                       206.0       208.0      2.0       0.215
     -------------------------------------------------------------------------
     RU-199    4937     227            177.0       180.0      3.0       0.068
                                       189.8       190.3      0.5       0.733
     -------------------------------------------------------------------------
     RU-200    5060     395            311.0       315.8      4.8       0.081
     -------------------------------------------------------------------------
     RU-202    5755     370             96.5        98.0      1.5       0.152
                                       117.0       118.0      1.0       0.161
     -------------------------------------------------------------------------
     RU-206    4968     468            149.0       151.0      2.0       0.054
                                       232.2       242.5     10.3       0.228
                        including      233.4       237.1      3.7       0.474
                                       295.5       300.0      4.5       0.120
     -------------------------------------------------------------------------
     RU-207    5065     335            260.8       288.0     27.2       0.062
     -------------------------------------------------------------------------
     RU-209    4968     350            153.0       155.0      2.0       0.059
                                       228.5       231.5      3.0       0.075
     -------------------------------------------------------------------------
     RU-211    4968     351            163.0       164.0      1.0       0.695
                                       188.5       189.5      1.0       0.100
                                       199.0       208.0      9.0       0.064
     -------------------------------------------------------------------------
     RU-213    4968     302            109.3       116.0      6.7       0.038
                                       220.5       221.0      0.5       0.364
     -------------------------------------------------------------------------

     %SEDAR: 00017609E
For further information: UEX CORPORATION, SUITE 1007 - 808 NELSON STREET,
VANCOUVER, B.C., 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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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$ 49.5 millions as of today (US$ 37.4 millions, € 33.8 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
11/15/2012(Shea Creek)/AREVA Expands New Kianna East Basement Zone at Shea Creek. ...
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...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (UEX.TO)FRANKFURT (UXO.F)
0.155-3.13%0.090-4.26%
TORONTO
CA$ 0.155
09/17 16:28 -0.010
-3.13%
Prev close Open
0.160 0.155
Low High
0.155 0.155
Year l/h YTD var.
0.135 -  0.195 -11.43%
52 week l/h 52 week var.
0.135 -  0.215 -18.42%
Volume 1 month var.
109,690 14.81%
24hGold TrendPower© : 44
Produces
Develops
Explores for Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/7/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20190.00%0.190.17
2018-55.07%0.370.14
201738.00%0.430.15
201666.67%0.290.14
2015-48.28%0.320.11
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75-1.15%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 3.75+2.46%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.17+0.32%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.73+1.17%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 1.04-2.80%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.10+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.06+2.91%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.74-0.59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.07-6.67%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.14+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.25+2.74%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 26.68-5.12%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.06-1.59%Trend Power :