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UEX Reports Results of 2009 Drilling on the Shea Creek Uranium Project: Highlights Include 1.02% eU(3)O(8) Over 141.4 Metres Including 5.55% eU(3)O(8) Over 15.8 Metres of Basement-Hosted Mineralization at the Kianna Deposit; and 7.24% eU(3)O(8) Over 8.7 Metres Including 18.48% eU(3)O(8) Over 2.2 Metres of Unconformity Mineralization at the Anne Deposit
UEX Reports Results of 2009 Drilling on the Shea Creek Uranium Project: Highlights Include 1.02% ...
About this update from Cameco Corporation
[{"type":"text","content":"\n\n\n\nNov. 19, 2009 (Canada NewsWire Group) -- VANCOUVER, Nov. 19 /CNW/ -- UEX Corporation (\"UEX\") is pleased to announce that AREVA Resources Canada Inc. (\"AREVA\"), its joint venture partner, has reported all results from the 2009 drilling program at the Shea Creek Uranium Project (\"Shea Creek\"). Shea Creek is located in the western Athabasca Basin of northern Saskatchewan, Canada, and is 49% owned by UEX Corporation, with AREVA as operator.Drilling during the 2009 program concentrated on four principal areas atShea Creek:a) Infill and step-out drill holes at the Kianna Deposit (\"Kianna\");b) Infill drilling at the Anne Deposit (\"Anne\");c) Exploration drill holes between Anne and Kianna; andd) Exploration drill holes at the 58B target area, located betweenKianna and the Colette Deposit (\"Colette\").The drilling results include intercepts of 5.55% eU(3)O(8) over 15.8 metres in drill hole SHE-114-20 of basement-hosted mineralization at Kianna, and 7.24% eU(3)O(8) over 8.7 metres in hole SHE-109-5 of unconformity-hosted mineralization at Anne. The Kianna SHE-114-20 intercept lies within a broader interval of 1.02% eU(3)O(8) over 141.4 metres.Graham Thody, President and CEO of UEX commented that \"the significant drill results over such an extensive area continue to illustrate the vast size and potential of this project. Continuing expansion of the Anne Deposit to the southeast, the open nature of basement mineralization at Kianna, and the results from the still relatively untested corridor between the Kianna and Colette Deposits in the 58B area give us confidence that the extent of mineralization will continue to be significantly expanded as we further explore this world class district.\"AREVA continues to support the Shea Creek Project as its principal, largest funded exploration program in Canada for 2010.An aggressive drilling program is being planned for 2010; program details and budget will be announced shortly.Results from the 2009 Shea Creek Drilling ProgramThe program began in early February utilizing three diamond drills. A fourth drill was added in July, and the drilling concluded in late October. A total of 54 diamond drill holes were completed on the project during the 2009 program, including three pilot drill holes and 51 directional cuts. Multiple directional cuts, or \"step-outs\", can be made from one p...