Uranium Exploration Success May Be Connected to Ancient Meteor

ESO Uranium Drill Angle close to a promising 1970’s Hole

“I look at about 100 different projects a year, many of which go round filing cabinet on my floor,” said Tony Harvey, the senior technical advisor to ESO Uranium (TSX: ESO), and a former director of Wright Engineers-Fluor Daniels, who was involved in the design and construction of 14 mines worldwide. Harvey popped out quickly what is necessary to attract his eye, “I need to see the story. I need to see signs before I give any credit.” So why is he advising little known ESO Uranium, after a long and prolific career? Harvey helped found Amex-listed Azco Mining, and most recently was a director of the Mexican mining company, Mayo del Cobre, which sold two of its last three mines, which helped to discover, Phelps Dodge (NYSE: PD) .

“I think this is a huge amount of history,” said Harvey. “Not only have my Cluff Lake, which already confirms the presence of uranium, but you have the Shea Creek drilling intercepts that validation. We wires streaming on our property. We have the rocks, which is also another leaves a message. “The rocks, of which Tony Harvey refers, are the six uranium-mineralized boulders near the project ESO Uranium’s Cluff property companies. Near these rocks, promising a hole between 1970 and 0.85% U3O8 over 2.3 meters indicated. It ‘been completely forgotten, but until the recent explosion of exploration activity in Saskatchewan’s Athabasca Basin, an area that has contributed Cameco (NYSE: CCJ) grow into a company with a market capitalization of almost $ 12 billion.

ESO Uranium geological team that will be good to have Cluff Cluff property of uranium deposits in rocks of Lake style basement with the Carswell structure close to the discontinuity of Athabasca Group sandstones.

Drilling

Wake the Meteor
“The value of ore extracted by the Cluff mine in terms of today would be equivalent to 2.6 billion U.S. dollars,” said Harvey. “This is what has been extracted in mining Cluff. vice president of exploration companies, Benjamin Ainsworth, who is both a geologist and senior mining engineer, helps explain the structure Cluff. “A meteorite probably impacted in this position and with sufficient force to break right through the Athabasca sandstone layers on the surface. The rebound, basement rocks, but I raised the backup. Bounce back, but has also raised the surrounding rocks and Athabasca tip them if you can imagine, like a flower opening. “As a result, the base raised to the surface and made it easier to find and mine uranium at Cluff. Ainsworth added: “The significance of this for me and our group is very high showing grade uranium deposits in western Athabasca.

Drilling of a property helps the team better understand the geological area. Since the property was mined out Cluff, two decades ago, further scientific study has opened new doors. At the 67th Annual Meeting of the Meteoritical Society, University of Quebec Earth Sciences professors presented a paper entitled “A Re-evaluation of the size of Astrobleme Carswell. The scientists concluded in Montreal in the 2004 Annual Conference held in Brazil, “The Carswell impact structure is therefore older and larger than previously estimated … lifting considered central in the drive ring size dolomite suggests a crater in the basement of 118 to 125 km wide. “While some say the meteorite hit about 478 million years ago, recent studies show that may have been near 1.8 billion years ago.

Drilling angle

This Time
ESO Uranium plans for a flagship program of six holes to get to know their properties Cluff. The first hole is hoping to confirm what was found earlier, “We’re going to drill up against the CAR-425 hole originally drilled in 1970, which indicated uranium of about 0.85 per cent U3O8 over 2.3 meters . They drill adjacent to the uranium-mineralized rocks. Ainsworth explained how the company’s strategy is different from previous drilling, “We are drilling angle holes to give us a better opportunity to find more of the structures which may be digestion of carrying on that sort of system.” In 1970, holes were drilled vertically. Harvey added: “We are going to be coming to the southeast, which then lead us closer to my original Cluff. The company provides holes 150 to 200 meters. Ainsworth noted that “The CAR-425 hole drill, we come close, is 146.5 meters deep.”

Robert Beckett, Director of ESO Uranium exploration, agrees about the holes in 55-degree angle, the company will be drilling at Cluff, “They were vertical holes, and we’d go back and check with a corner hole theory which we interpret as a kind of system subvertical. Beckett spoke of additional drilling to the south, after the property had been explored, showed “the structure extends from the edge of the basin to the bottom of Shea Creek. He added: “We believe that our property extends to the north, at 11, just north. We see the extension of those wires coming through Shea Creek – conductors and, by extension, the structures, extending up on our property. And the structures are the key thing – the destruction of the fold of higher education and the discontinuities in the rock gives you the right kind of conditions for the deposition of uranium. ” Before Beckett joined ESO uranium ore was district geologist for Esso and the Saskatchewan Mining Development Corporation, which later merged with El Dorado to become nuclear Cameco Corp. was the exploration manager at Midwest Lake and the project manager Port Radium mine.

The property

Hook
Another property portfolio ESO uranium, which requires more preparatory work and geological exploratory drilling, is called the Hook property. It is about ten miles south of the Shea Creek deposit and covers approximately 130,000 hectares. The western third of the property has been little explored. ESO Uranium CEO Jonathan George said about it, “the hook is one of the areas are particularly excited now that we have received the geophysical survey on board, it is because conductors have shown strongly along the Drava, which is a clay alteration , a key indicator of uranium deposits. “Mr. George believes that his company may have a new target area. “Cameco is drilling right on the door on another project they have,” he added. Cameco, said it is drilling to the south and east of the southern edge of ESO, below the border of society.

Ainsworth was also optimistic, saying: “This is part of the reason why this has been previously selected – Cameco had that position, and I could see, the information that there were likely to structures and other systems Being available. ” George said: “We are for drilling, because we see an intense alteration on surface, of which this source was never found. The alteration coupled with the structure leads us to believe that we have a great shot there.”

“I think we’re much closer to having a successful Cluff immediately,” Ainsworth insisted. “It ’s probably a good thing to have some news on the table very soon.” He warned that there is a lot of risk for the extraction of uranium deposits. “The geometry of these things is damn small.” George stressed that the world’s richest deposit of uranium, McArthur River, which hosts about 400 million pounds of uranium, had half of his deposit in an area about half the size of a football field. “I think it’s incredible mind,” he said, “that a project would be $ 7,000,000,000 in an area that small.”

Conclusion

Drilling is imminent on the Cluff property, depending on the thickness of ice in Saskatchewan. News should be available fairly quickly. Ainsworth warned: “The individual deposits at Cluff are actually very small.” While some ‘work has been done in the area Cluff, many have recognized it is very easy to lose. But Ainsworth cheerfully exudes, “The key thing is that the quality is so high that it is even more worth pursuing.”

Another key ESO Uranium is the strength of their exploration team. Technical consultant Tony Harvey has numerous credits to his long career. Robert Beckett has spent decades exploring in Saskatchewan and the company forerunner of Cameco, was in charge of the northern half of the Athabasca Basin. Benjamin Ainsworth has several senior positions with Placer since 1965, once served as president of Chile Placer.

According to ESO’s Corporate Communications Manager, Tom Corcoran, “We currently raised about C $ 4.7 million, which has been allocated for exploration and in their land. If you do not spend it on drilling or research work, we give money back. ” ESO Uranium planned to start drilling in early February, after some delay due to ‘the start of drilling, according to Robert Beckett, until that time has colder. Drilling is imminent, and the results should appear fairly quickly. Ainsworth offered a glimpse of how soon we will know the results of drilling, “One thing about uranium, unlike drilling for gold and other metals, you get a radioactive signal on a core drill as you’re recording. So you get a pretty good idea if you have something there or not. You’re not going to get a very precise dose at that point, but at least you can focus very quickly. You can see these uranium minerals with a naked eye. ”

We are happy to see the drill results shortly.

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