Uranio AG

  • WKN: A0MKD4
  • ISIN: CH0028827852
  • Land: Schweiz

Nachricht vom 04.09.2009 | 20:30

The board of Uranio A.G. have commissioned SRK Consulting in the development of their wholly owned licences in the Central African Republic and Argentina


Uranio AG / Miscellaneous

04.09.2009 

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Uranio AG            Hirschgässlein 30   Frankfurt: UAI WKN: A0MKD4
www.uranio.ch        CH-4010  Basel      Telefon: +41 (0) 61 271 27 70
                     Switzerland         Fax: +41 (0) 61 271 27 71
Basel, 4th September 2009 News Release 3-2009 The board of Uranio A.G. have commissioned SRK Consulting in the development of their wholly owned licences in the Central African Republic and Argentina In the Bakouma project area, in the Central African Republic, is situated in the centre of the country. The licences occupied by Uranio have been sub-divided into the North Bakouma area and the Ndengueiro area. In the North Bakouma area uranium mineralization has been identified in fault zones as high grade pods. By contrast mineralization in Ndengueiro is associated with less deformed rocks and comprises of more disseminated style of mineralization. During the next field season SRK will implement an exploration and drilling program in north Bakouma with the aim of developing a resource estimate in the next 12 months. For Ndengueiro the company will initiate an environmental and exploration program at the same time. For the 11 licence areas in Argentina SRK has been commissioned to complete a desk study and review of the holdings in order to devise a strategy for the development of the Uranio holding. San Sebastian project La Rioja Province The concessions in this area are of about 3450 hectares. The san Sebastian mine was a major uranium mine in Argentina. The historic production from the mine is not particularly large and has been quoted as being 1200 tons at a grade of 0.19 wt % U3O8 given as 228 t U3O8. Known uranium occurs as veins and disseminations in a Permian siltstone-quartzite. Uranium at the San Sebastian mine was originally mined underground but was finally bulk mined by open pit methods. Consequently, bulk-mineable deposits are the most likely targets in the area along with a secondary target of the smaller tonnage high grade vein mineralization. Los Colorados district, La Rioja Province Los Magotes Colorado, historic production of as 600 t U3O8. These deposits are hosted in carboniferrous-Permian age mudstone. Anticipate roll front and possibly unconformity an intrusion hosted uranium type deposits in the license areas. Malanzan and Olta District, La Rioja Province The Malanzan-Olta Distric consists of seven concessions totaling 58,664 hectares. There are several small areas of pre-existing concessions that are excluded from these concessions. The concessions comprises of Olta (44,552 heatares) and Malanzan (14,112 hectares) Distric in La Rioja. Uranium deposits are known from several locations along the palaeochannel, as well as in the surrounding metamorphic rocks immediately below the unconformity. Olta 3 concessions includes a conglomerate with 1,600 ppm uranium that occurs about 50 meters above an unconformity with underlying schist, geneiss and granitic rock. The above license areas are part of the holdings of Uranio AG in Argentina. The rest of the concessions are host to uranium and will be included in the study Luca Tenuta (CEO) Uranio AG   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. 04.09.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------------

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