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Proximity to Argentina’s largest known uranium deposits

U3O8 Corp. has an extensive land position adjacent to Argentina’s largest known uranium deposits (the Cerro Solo deposit in Chubut province with a historic resource of 10 million pounds at 0.15% U3O8 and the Sierra Pintada deposit in Mendoza Province with a historic resource of 30 million pounds at 0.12% U3O8)1 presently owned and under development by the National Atomic Energy Commission of Argentina (CNEA). The CNEA has identified these two areas – the Cretaceous San Jorge Basin of Chubut Province and the Sierra Pintada Uranium District in Mendoza Province – as having the country’s best uranium discovery potential.

TSX-V: UWE

Date: 9/2/2010
Last Trade: $0.275
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Latest News

June 3, 2010

U3O8 Corp. advances towards NI 43-101 resource estimation on the Laguna Salada Project, Argentina

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Quick Facts:

  • Large land holdings near Argentina’s largest known uranium deposits
  • Surficial uranium target appears amenable to low-cost mining
  • Aim to complete NI 43-101 uranium resource estimate on the Laguna Salada Project in 2010 

U3O8 Corp’s most advanced properties in Argentina are in Chubut Province, and contain both surficial uranium and sandstone-hosted uranium targets.

Surficial uranium – Laguna Salada is the first project in Argentina that is being readied to add to our resource inventory, and we aim to complete a NI 43-101 resource estimate by the end of 2010. The Laguna Salada Project hosts surficial uranium that occurs over an extensive 30 square kilometre area and lies within three metres from surface. The contained uranium appears to be leachable from the soft gravel.

Sandstone-hosted uranium – The Cerro Solo Area target lies adjacent to the State-owned Cerro Solo uranium deposit. Scout drilling has intersected significant sandstone-hosted uranium of 1-2 metres at 0.1-0.2% U3O8 in two bore holes. Target areas will be refined through IP geophysical surveys and further drilling.

Other properties in Chubut, Mendoza, Salta, Catamarca, San Luis and Santa Cruz provinces constitute grassroots prospects, which are being evaluated and prioritized for further exploration.

Property Interests in Argentina

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Exploration Properties in Chubut Province

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1 Historic resources at Cerro Solo and Sierra Pintada (see Disclaimer)