Uranio AG's Continuing Exploration Priorities In Argentina
Twenty-nine concessions held and applied for by Uranio in South America total about 224,000 hectares. Current exploration focus is on projects in La Rioja and Jujuy.
INTRODUCTION
Basel, July 21st 2008 News Release 1-2008
Uranio AG, under its wholly owned subsidiary Uranio del Sur S.A., continues detailed prospecting and exploration on its properties in Argentina (Fig. 1). Described below are the current exploration team, and current areas of priority.
URANIO'S EXPLORATION TEAM
Uranio's field crew, under the direction of Ing. Juan Orozco, includes Lic. Hugo Peyreira and Sr. Alberto Stepanenko. Overall supervision is provided by Dr. Colin Godwin, Director of South America Exploration, and Dr. Peter Christopher, world-wide uranium consultant and Advisor to Uranio.
CURRENT AREAS OF PRIORITY
Work is currently focused on the Olta-Malanzan uranium property in La Rioja and on the Huacalera thorium-uranium property in Jujuy. These two priority areas are described briefly below.
The Olta-Malanzan uranium property has significant showings of unconformity-type uranium mineralization in basal rocks to a channel of Carboniferous-Permian sedimentary rocks. This channel is underlain by metamorphic and granitic rocks of the Sierra de Chepes uplift.
The Huacalera thorium-uranium property is centered on a carbonatite. Visible gold in veins and base-metal occurrences have been noted outside of the carbonatite intrusive.
Evaluation of these areas is continuing systematically. Follow-up of uranium showings on the many other properties in Figure 1 proceeds at a lower priority as time is available
CONCLUSIONS
Uranium exploration in Argentina offers exciting opportunities for major discoveries of new uranium mines. Results from the focused exploration in the Olta-Malanzan concessions in La Rioja, and from the Huacalera concessions in Jujuy, will be reported as appropriate.
Chief Executive Officer of Uranio AG is Peter Goeggel, LL.M.
Disclaimer:
This document was prepared by Uranio AG. The opinions stated herein are those of Uranio AG at the time of publication and are subject to change at any time. The document is only for the purpose of information and use by its recipient. It is neither an offer nor an invitation to purchase or sell Uranio AG shares. A reference to the performance of the past shall not be understood as an indication of future developments. The information and analysis contained in this publication have been compiled from sources that are deemed to be reliable. However, Uranio AG gives no guarantee with regard to their reliability and completeness and rejects any claim for damages that may be the result of use of this information.