U3O8 Corp. identifies Athabasca-Style alteration in the Roraima Basin
Thu, Jun 4, 2009
U3O8 Corp., a Canadian uranium exploration company, reports its ongoing exploration program within the Roraima Basin of Guyana, South America.
Sudoite, a magnesium-rich chlorite mineral that is characteristic of unconformity-related uranium, has been found in archived core from several bore holes that were drilled in the Roraima Basin. The sudoite occurs with illite, kaolinite and hematite, which together comprise the classic alteration suite seen in the Athabasca Basin. The Athabasca Basin is host to approximately one third of the world’s uranium resources.
Dr. Richard Spencer, U3O8 Corp’s President and CEO says:
“U3O8 Corp. has identified alteration zoning in the Roraima Basin that is characteristic of unconformity-style uranium deposits in the Athabasca Basin.” “This is the first time that these key alteration minerals have been detected in the Roraima and underscore the potential of the basin for unconformity-related uranium. These alteration results augment a diverse data set that we are using to rank our targets so that the most compelling areas can be drill-tested when financial markets improve.”
For full details of this press release, click this link.
Uranium Investing News researchers discovered U308 Corp.’s project described on their website.
Tags: U3O8 Corp., unconformity-style uranium deposits, Uranium, uranium assays, uranium deposits, Uranium Exploration, uranium exploration company, uranium miners, uranium price, uranium projects
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