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ESO Uranium Corp

Publié le 24 octobre 2011

=3A HUNT FOR HIGH GRADE URANIUM SOURCE STARTS ON PATTERSON LAKE SOUTH JV=2C SASKATCHEWAN

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The Hunt For High Grade Uranium Source Starts On Patterson Lake South JV (ESO-FIS), Saskatchewan

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ESO Uranium Corp
HUNT FOR HIGH GRADE URANIUM SOURCE STARTS ON PATTERSON LAKE SOUTH JV, SASKATCHEWAN
ESO Uranium Corp.(TSX-V: ESO), (the �Company� or �ESO�) and its 50% Joint Venture (JV) partner Fission Energy (TSX-V: FIS), are pleased to announce that all permits for a programme of drilling, trenching and ground geophysical surveys has been received. Work has started in the search for the bedrock source of a large uranium boulder field discovered by the Joint Venture in June 2011 (see news release dated July 27, 2011). This work includes:
�         Definition of local ice transport directions (underway)
�         MaxMin EM surveys to re-locate historical conductors on the ground
�         Resistivity survey to identify potential basement alteration zones
�         Drilling to locate radioactive debris in glacial till from basement sources
�         Drilling of high grade basement targets
The uranium boulders discovered in June were all associated with basement rocks, schists, psammites and granulites, and not Athabasca sandstones or conglomerates. These boulders were plucked from a basement source by ice scouring Archean basement rocks.
The target area is within a defined window of Archean rocks that are buried by 50-60 meters of till cover. The window was opened by glacial scouring along the southern edge of the Athabasca basin that also removed some of the younger Cretaceous cover. The programme is targeting high grade uranium deposits hosted in basement rocks, similar to those deposits found in the lower parts of the Shea Creek deposit (60 kms (40 miles) north of Patterson Lake) and the Millenium, Key Lake and Roughrider mega-deposits in the eastern Athabasca Basin. The 5 km length of the boulder field and distinct clusters of associated geochemical values in the boulder field suggest more than one source for the boulder field.
Drill targetshave been selected, subject to modification by information from this new work program. The targets were determined by a review of technical data, including geophysical surveys and parameters suggested by diamond drill hole information in assessment reports presented by Canadian Occidental in the late �70s.  The geophysical data indicate several strong ground EM conductors on the east side of Highway 955 in the Patterson Conductor Corridor.  The conductors appear to have been disrupted by non-conductive structures crossing them. The breaks in the conductors are also associated with a magnetic low that could be interpreted as an alteration feature. This sector of the Patterson Conductor Corridor lies about 3 kms northeast from the centre of the boulder field where some of the larger boulders were located. 
The drill hole data available include geological logs and down-hole radiometric surveys. One hole, CLU-12-79 on the north side of the target area, showed two short intervals of sharply anomalous radioactivity in the basement rocks intersected. This hole also has a thicker section of regolith than other holes in the area which may reflect local hydrothermal alteration. These observations suggest possible proximity to mineralization.
The Patterson Conductive Corridor runs along the boundary zone between the Clearwater and Western Granulite Domains. According to assessment reports submitted by SMDC, the Crown Corporation predecessor company of Cameco (TSX:CCO), this is interpreted to have had a favourable geological history, analogous to the highly productive Wollaston Domain along its boundary with the Mudjatik Domain in the East Athabasca Basin.
An updated drill location map for the Patterson Lake South Property can be found on the Company�s website at www.esouranium.com
B.Ainsworth P.Eng. SK/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 (Bob) Meister
ESO Uranium Corp.
Vancouver, BC
Phone: (604) 629-0293
Toll Free: 1-866-629-8368
Email:   info@esouranium.com
 
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.   NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADDEQUACT OR ACCURACY OF THIS RELEASE.
 
This news release includes certain statements that express management�s expectation or estimates of future performance and may be deemed �forward-looking statements�.  These forward-looking statements include plans, estimates, forecasts and statements as to management�s expectations regarding the Patterson Lake Property. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially.  For these reasons shareholders should not place undue reliance on such forward-looking information.
United States residents are cautioned that some of the information that may be published by ESO Uranium Corp. may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.

Proposed Work Program
Copyright � 2011 ESO Uranium Corp, All rights reserved.
Thank you for your interest in ESO Uranium Corp (TSX.V : ESO) through "Resource Investing News" "Gold Investing News" or "Uranium Investing News."
Our mailing address is:
ESO Uranium Corp
408-1199 west pender st
Vancouver, Bc v6e 2r1

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ESO Uranium Corp

EXPLORATEUR
CODE : ESO.V
ISIN : CA2691041057
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ESO Uranium est une société d’exploration minière d'uranium basée au Canada.

ESO Uranium détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont CLUFF LAKE, MANDIN, CARSWELL, PATTERSON PROPERTY, CREE, HATCHET, MIKWAM, MARIETTA PROPERTY, TEELS MARSH PROPERTY, KLONDIKE PROPERTY, MATHISON LAKE (MATH), DONNA et HOOK au Canada.

ESO Uranium est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,6 millions CA$ (2,4 millions US$, 1,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 1,48 CA$, et son plus bas niveau récent le 31 décembre 2013 à 0,02 CA$.

ESO Uranium possède 13 052 777 actions en circulation.

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Rapports annuels de ESO Uranium Corp
2008 annual report
Annual report 2007
Financements de ESO Uranium Corp
08/12/2011Announces Shareholders Rights Plan and Private Placement
Projets de ESO Uranium Corp
12/11/2012Alpha Minrerals Inc. ("AMW" )=3A Two More Drill Holes Cut Hi...
05/11/2012Discovery Hole Hits "Off=2DScale" Near Surface at PLS
25/10/2012=3A High Grade Uranium Boulder Field Grows At Patterson Lake...
25/04/2012=3A THREE MORE DRILL HOLES INTERSECTING RADIOACTIVE MINERAL...
15/02/2012Stakes New Uranium Targets In Patterson Lake South JV(ESO=2F...
24/10/2011=3A HUNT FOR HIGH GRADE URANIUM SOURCE STARTS ON PATTERSON...
17/08/2011(Donna)COMPLETES DRILLING ON DONNA GOLD PROPERTY
13/07/2011(Donna)Commences Drilling On Donna Gold Property
27/06/2011FISSION Discover 4Km Long Uranium Boulder Train With "OFF-SC...
10/07/2007(Cluff Lake (carswell))Launches Drill Program On Cluff Lake Uranium Property
Communiqués de Presse de ESO Uranium Corp
31/10/2012Announces Effective Date for Name Change and Consolidation
24/07/2012ANOMALOUS U3O8 IN LAST 4 DRILL HOLES OF WINTER PROGRAM=2C PA...
18/04/2012=3A DRILLING RETURNS 19.5 METERS OF STRONG RADIOACTIVE MINER...
29/02/2012=2C Athabasca Basin Leap Year Update
27/02/2012Completes VTEM Airborne Survey=2C Drill Rig Mobilized at Pat...
16/01/2012TO COMMENCE $2.76M WINTER PROGRAM AT PATTERSON LAKE SOUTH JV...
27/07/2011/FISSION PATTERSON LAKE SOUTH JV REPORTS HIGH GRADE BOULDERS...
05/07/2011MORE =E2?=9COFF-SCALE=E2?=9D RADIOACTIVE BOULDERS AND MORE
26/04/2011Starts Rock Sampling At Marietta, Nevada
14/09/2009Starts First Phase of Work on Donna (Formerly DNA) Gold Prop...
16/07/2009Options Gold Property In BC
30/10/2008Eso Uranium Presentation
13/02/2008Signs Option Agreement For Nevada Uranium And Precious Metal...
21/01/2008And Fission Energy Sign Strategic Joint Venture Agreement In...
03/03/2006Commences Drilling on its Cluff Project
08/02/2006Prepares to drill on Mikwam Gold Project, Ontario
01/02/2006Cluff map
01/02/2006Drilling to commence on ESO Uranium Cluff Project in the At...
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