VANCOUVER, Oct. 20 /CNW/ - Global Uranium Corp (GU-TSX:V, FRANKFURT:B1H)
("The Company") is pleased to announce that drilling has commenced on its
highly prospective White Cloud Project, Panaca, Nevada.
A permit has been received by the Bureau of Land Management for 10 drill
holes on the White Cloud property. The Company is drilling for 7 holes, with
each hole being drilled, to a depth of approximately 100 feet. Drilling is
expected to be completed by the end of the month
The objective of this drilling is to follow-up on channel samples taken
from a nearby road cut that assayed respectable uranium values ranging from
0.05% U(3)O8 over 2 ft, to 0.437 % U(3)O8 over 2.5 ft.
Drill hole collars will be surveyed, and drill core will be geologically
logged and reviewed for intercepted anomalous radiometric zones. Those zones
deemed significant in elevated gamma levels will be sampled and assayed for
chemical and equivalent uranium content to assess radiometric equilibrium with
actual uranium contained. US BLM drill site permit specifications will be
followed for the site closure requirements upon completion of this exploratory
(The preliminary identification of carnotite is based upon the visible,
yellow, gamma-emitting uraniferous mineralization localized, in part, at thin
carbon-bearing zones in the fine grained, friable, weakly indurated tuffaceous
quartz sandstones. X-ray identification would be needed to confirm the
identification of the secondary U-V mineral.)
The White Cloud (WC) claim group consists of 10 claims. This property is
located within the Panaca Basin, and the uranium mineralization consists of
stratiform carnotite in tuffaceous lake-bed sediments of the Pliocene Panaca
Formation. Previous exploration has identified areas of anomalous
radioactivity the property.
ON BEHALF OF THE BOARD
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
Dr. Hans E. Madeisky, P. Geo. (Vancouver, BC), the Company's Consultant
Geologist is the Qualified Person who has reviewed the technical information
in this news release.
Global Uranium Corp. is an early stage uranium exploration and
development company focusing on properties located in the south-western United
States with special emphasis on Utah and Nevada. The Company's strategy is to
maximize shareholder value through successful exploration and development of
For further information:
For further information: Derek Sutherland, Corporate Development, Phone:
(778) 786-1531; Or Timea Carlsen, CEO, Director, Global Uranium Corp., Phone:
(604) 630-8264, Fax: (604) 630-1153, e-mail: email@example.com, website: