Trading Symbol TSX-V - ESO
• Frankfurt - E2G13th
VANCOUVER, Nov. 22, 2011 /CNW/ - ESO Uranium Corp. (TSX-V: ESO) is
pleased to announce that drilling has commenced at the Patterson Lake
South Property, a Joint Venture (JV) with Fission Energy (TSX-V: FIS),
where ESO is the operator of the JV.
The initial drill locations selected target shallow basement
mineralization along the down-ice flanks of resistivity targets, close
to areas of apparent crosscutting structures that are flagged by
discontinuities and flexures in the conductors. The positioning of
drill target locations has been made following analysis of the data
obtained from recent geophysical surveys. The Patterson Geophysical
work is being conducted to confirm historic ground EM conductor
positions accurately and to test those EM conductors and areas of
magnetic lows in the area for resistivity targets. The resistivity
targets could reflect the type of alteration surrounding uranium
Aggressive Drilling Ltd. of Prince Albert, Sask., has been contracted
for a 10-hole, 1,000-metre drill program that is expected to be
completed by mid-December. Drill Target Basics can be viewed in news
release dated November 9th 2011.
The target area is within a defined window of Archean rocks that are
buried by 50 to 60 metres 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 program 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
kilometres (40 miles) north of Patterson Lake, and the Millenium, Key
Lake and Roughrider deposits in the eastern part of the Athabasca
basin. The five-kilometre 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.
The source appears to be associated with the Patterson Lake conductor
corridor. This conductor 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 eastern part of the
A drill target location map for the Patterson Lake South property can be
found on the company's website. www.esouranium.com
Benjamin Ainsworth, P.Eng. 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.
Vice President, Exploration
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.
SOURCE ESO Uranium Corp.
For further information:
| For corporate communications please contact: |
| || || Robert (Bob) Meister |
ESO Uranium Corp.
Phone: (604) 629-0293
Toll Free: 1-866-629-8368