U3O8 Corp. identifies Athabasca-Style alteration in the Roraima Basin

email Email  Print Print  
Thu, Jun 4, 2009
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

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.

Follow developments in uranium mining and exploration for free.
Sign on to the Uranium Investing Newsletter

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Uranium Investing News' Comment Policy?
Uranium Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Uranium Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Asides

  • Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar.  Other shows include: Cambridgehouse, IIC, Chicago Resource Expo

  • The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

Information