Trading Symbol TSX-V - ESO
Frankfurt - E2G
VANCOUVER, Nov. 9, 2011 /CNW/ - ESO (TSX-V:ESO) is pleased to announce
that Patterson Geophysical have started work on the ESO- Fission Energy
Corp (TSX-V:FIS) Joint Venture in the first proposed source area of the
high grade uranium boulders found in the Cree Moraine in June and
October 2011. This work is 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
Following a review of the Patterson Lake South data sets, ESO Uranium and its Joint Venture partner Fission Energy conclude that very useful information can be developed by carrying out
an exploratory drill program. This would test for radioactive glacial
till derived from scouring of the bedrock source area(s) and spread
east-south east (down ice) from the more compact geometry of high grade
mineralization targets. The radioactive till will be tested towards the
up ice direction in order to pinpoint the source(s). It is expected
that the radioactive debris in the till will be more concentrated and
more radioactive as the source is approached. The initial drill targets
will be selected along the down-ice side of resistivity targets and
close to areas of apparent cross-cutting structures that are flagged by
discontinuities and flexures in the conductors. The detailed
positioning of drill target locations will be made following field
processing of the geophysical data from the two surveys.
Drill Target Basics:
General ice direction is from ENE - Boulders have probably come from
The largest boulders of the boulder field are found in two clusters on
the WSW end of the Patterson Conductor Corridor
Historical drill holes CLU 6-79 and CLU 12-79 bracket a section of the
Conductor Corridor that shows possible disruption of conductors by
cross cutting structures associated with radon anomalies in soils
Gamma logging of the holes could identify lower tills containing natural
radioactive uranium debris if there is a significant uranium deposit up
The contractor for the drilling is Aggressive Drilling and a 1000 meter
initial program with holes to about 100 m depth is planned. The start
date for the drilling is mid-November and is expected to be completed
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