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Additional Information
Market:ASX
Sector:General Mining
EPIC:UTO
Latest Price: 0.10  (0.00%)
52-week High:0.23
52-week Low:0.07
Market Cap:10.34M
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U308

U3O8 (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.

U3O8 returns significant uranium assays from Mad Gap Project

Tuesday, February 09, 2010
U3O8 returns significant uranium assays from Mad Gap Project

Australian-listed uranium company U3O8 (ASX: UTO) has announced a number of significant uranium assay results from its 100% owned Mad Gap Project in the Kimberley region of Western Australia.

In all, 7 rock chip samples were collected from Anomaly 1, a previously identified anomaly situated on Exploration Licence E80/3398.

Exploration Licence E80/3398 forms part of the 100% owned Mad Gap Project and is situated approximately 65km northwest of Halls Creek, in the Kimberley region of Western Australia.

Following a field examination, visible stratabound uranium mineralisation was recognised at or near the target unconformity. Seven rock chip samples were collected from Anomaly 1.

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