SASKATOON, July 15 /CNW/ - United Uranium Corp. (UUC-TSX Venture)
announced today that it has completed a property acquisition on the eastern
side of the Athabasca Basin, Saskatchewan. The Cleveland Island property is
located approximately 30 miles east - northeast of Hathor's (HAT-TSX Venture)
Roughrider zone. This most recent acquisition covers 987 ha of land in the
Wollaston Lake area. The Company holds a 100% interest in this property.
Highlights of the Company's acquisition include:
- Lies on the projection of the Collins bay fault zone, the same zone
that hosts the Rabbit Lake, Collins Bay A, B, C, and D, and Eagle
Point uranium mines.
- Mineralized uranium boulders.
- Close (less than 10 k) from Cameco Corp.'s (CCO - TSX) Eagle Point
The Athabasca Basin hosts a number of major uranium deposits including
Cameco's Cigar Lake and McArthur River, two of the highest grade uranium
deposits in the world. Production from the Athabasca Basin currently accounts
for 32% of the world's supply of uranium.
Kyle Kozuska, Chairman of United Uranium Corp. has stated, "We are
working towards our goal of providing shareholders with a diversified base of
strategically located exploration targets. Uranium will be a crucial commodity
in the future, and we believe in the potential of the Athabasca Basin."
For more information please contact the Company at (306) 664-3828.
ON BEHALF OF THE BOARD
The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy
or Accuracy of This News Release
For further information:
For further information: Christina Dewald, Corporate Secretary, United
Uranium Corp., Star Uranium Corp., (306) 664-3828