Trading Symbol TSX-V - ESO
Frankfurt - E2G
VANCOUVER, Sept. 22, 2011 /CNW/ - ESO Uranium Corp. (TSX-V: ESO), (the
"Company" or "ESO") carried out a geological mapping and portable rock
drill sampling programme of a large area of outcrop on the Marietta
property in April 2011. Rock samples were recovered from depths up to
1.8 m (6 feet) to obtain an initial evaluation of the bulk grade
potential of uranium in the intrusive rocks hosting multiple veins and
veinlets, some of which carry uranium, gold, silver and copper
mineralization. A new uranium and polymetallic target was located
during this work, lying on ground that is next to the Marietta Claims
and within the area of influence of the Marietta option agreement.
Staking has been recently completed to include this prospect in the
The Marietta property lies South of Hawthorne Nevada, West of the Mono
Lake Crater in California, and totals approximately 2,400 acres (970
hectares) in West Central Nevada, near the old mining town of Mina.
A 30 m wide zone. was discovered containing a series of parallel quartz
veins, individually up to 40 cm wide, with areas of off-scale
radioactivity (>9,999 counts per second as measured by hand held
Exploranium GR-110G total count gamma-ray scintillometer), and uranium
secondary minerals. This zone is located approximately 120 m (396 feet)
north of the original property boundary.
A preliminary grab sample, MR11-37, was recovered from one of these
quartz veins, and returned 0.294% uranium, 10.99 g/t gold, 7.2 g/t
silver, 0.485% lead, and 0.224% zinc. An additional six lode claims
were staked to include MR11-37 within the Marietta property.
Structural measurements indicate that these quartz veins, exposed on
the surface in the newly staked claims, dip steeply south, which is
further into ESO's Marietta property. Following a short programme of
systematic sampling, it is expected that this would be a drill ready
target, with road access, to check extensions to depth.
Six samples of drill cuttings were recovered with the portable rock
drill on a copper prospect that had been discovered in an earlier work
programme within the southwest corner of the Marietta property. Copper
oxide mineralization is hosted in a rhyolitic tuff unit exposed for
approximately 50 m (165 feet) along a road with a cut bank that is up
to 4 m (13 feet) high. These samples returned 13 ppm to 1.65% copper,
and 0.5 to 26.3 g/t silver from drilled depths of up to 1.5 m (5
feet). The existing road represents an easily permitted drill site to
test the continuity of copper oxide mineralization.
The Marietta property was first mined for polymetallic ores in the late
1800's. Shear structures up to a few meters in width were the principal
sources of the ore mined and these carried bornite with silver and gold
values and oxide copper.. After World War II it was discovered that
these high grade ores carried uranium values and were hosted in a
radioactive granitic intrusive.
Analyses were carried out by American Assay Laboratories, which is an
independent ISO 17025 certifiable assay laboratory located in Sparks,
Nevada. A 69 element analysis was carried out using a four acid
digestion followed by ICP analysis. Any ICP gold results above
detection limits were subsequently fire assayed as a 30 gram aliquot of
the original pulp, and the fire assay bead was measured
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 Marietta 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