U3O8 Corp. offers exploration upside on a suite of early-stage sandstone-hosted uranium targets in Argentina including holdings near the country’s largest known uranium deposits (Cerro Solo, Chubut Province – a historic resource of 10 million pounds at 0.15% U3O8 and Sierra Pintada, Mendoza Province – a historic resource of 30 million pounds at 0.12% U3O8)1. Exploration work to date has returned encouraging results including initial scout drilling in the Cerro Solo area intersecting 1 to 2 metres at 0.1% to 0.2% U3O8. We are evaluating this portfolio of targets to focus on those projects considered the most promising for further investigation.
Reconnaissance exploration is also being undertaken on grassroots concessions in Chubut, Mendoza, Salta, Catamarca, San Luis and Santa Cruz provinces to determine the prospectivity of these targets.
Sandstone deposits constitute about 18% of the world’s uranium resources, and typically have grades between 0.05% and 0.4% U3O8. Deposits may contain resources up to about 100 million pounds of U3O8.
Targets in Cerro Solo Area
1 Historic resources at Cerro Solo and Sierra Pintada (see Disclaimer)