granted uranium in paraguay, page-2

WildHorse granted uranium concessions in Paraguay
15:41, Tuesday, August 28, 2007

Sydney - Tuesday - August 28: (RWE Australian Business News) -
WildHorse Energy Ltd (ASX:WHE) has been awarded a concession covering
3500 sq km (865,000 acres) in the Parana Basin, Paraguay, granting the
company the rights to immediately start a planned exploration program.
The concessions contain known uranium mineralisation, based on
historical exploration.
Subject to the successful completion of exploration, WildHorse
has the right to convert its concession to a mining permit.
Managing director Mr Richard Pearce said the company had pursued
the Paraguayan asset because, like its other assets in the US and
Hungary, it was a substantial set of projects with extensive drilling
and other data.
The region of South America also had a history of uranium mine
operation with established mines in nearby regions of Brazil and
Argentina, and a nuclear power industry that was set to expand rapidly.
Companies such as the TSX-listed Cue Capital and Crescent
Resources were already active in Paraguay while Globe Uranium and Mega
Uranium had extensive exploration programs in Argentina, in the same
geological region.
Mr Pearce said over the next six months WildHorse would evaluate
the extensive historical data on its new Paraguayan concession.
"From this review, we aim to evaluate several potential targets,
each with significant potential," he said.