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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX: UTO
News: Latest news
Web Site: U308 Ltd
Other Articles: 10-03-201009-02-201024-11-2009

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Saturday September 04, 06:00Serving up support at Babcock

Support services have been among the worst performing sectors over the past month as revenue fears from the government’s austerity measures weigh heavily on the sector.

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Friday September 03, 11:40 Goldcorp snatches Andean Resources in $3.6bn deal, trumping Eldorado`s earlier bid

Both companies are vying for Andean`s Cerro Negro gold project, which is an advanced-stage, high-grade vein system, comprising 215 square kilometers. It currently has indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver, while inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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U308 Ltd

U308 Ltd

U3O8 Limited (ASX: UTO) is a dedicated uranium exploration company with projects in Western Australia, Queensland, New South Wales and South Australia. The Company controls 44 exploration licences, 33 of which are granted and 11 of which are under application, for a total area of almost 6500 square kilometres.

Most of the Company's projects are 100% owned by U3O8 Limited, but the Company does have a major joint venture with Cameco in the Ashburton, is farming into eleven tenements held by Northern Star Resources in the East Kimberley, and more recently has signed a joint venture and farm in agreement with World Uranium on the Mango Bore project in the Gascoyne.  All joint ventures are in Western Australia.

Tuesday, November 24, 2009

U308 releases results from sampling program on Ashburton Joint Venture

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Shares in uranium exploration company U308 (ASX: UTO) have jumped almost 20% after it announced further results from the recent soil and rock chip sampling programme completed on the U3O8 – Cameco Australia Ashburton Joint Venture in Western Australia.

News of the results saw the share price in U308 rise 19.8%, or 2.5c, to 15.5c.

The Ashburton Project comprises 14 granted tenements prospective for unconformity style uranium mineralisation and is situated south of Paraburdoo in Western Australia.

All but one of the tenements form part of the U3O8 Limited – Cameco Australia Ashburton 50:50 Joint Venture which is operated by U3O8.

Samples were collected from a number of prospects on the Canyon Creek tenement and assayed for a range of elements including rare earth elements, precious and base metals, arsenic, and uranium.

Significant rare earth assays received from Livento prospect included results of 2.56%, 3.71%, 10.83% and 11.05% REO (rare earth oxide). The same samples returned significant uranium results of up to 0.094% U, and were also anomalous in base metals and other elements.

A solitary sample was collected from the Sirius prospect some distance to the north- northwest. This sample returned significant rare earth elements to 9.01% REO, uranium to 0.16% U, whilst being anomalous in other elements including lead at 0.73% Pb.

Further rock chip and soil samples are still to be received from the Ashburton project area.

Detailed ground electromagnetic survey to follow up airborne electromagnetic anomalies was recently completed, while follow up rock chip sampling is currently underway.

 

 

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