re: Ann: Quarterly Activities and Cash Flow R... 17th June 2011
ASX Code: UTO ASX ANNOUNCEMENT
High Grade Gold and Silver Assays Ashburton Project Area
U3O8 Limited is pleased to announce the receipt of a number of exciting high grade gold and silver assays from rock chip sampling on the Saltwater Pool Joint Venture (in which Thundelarra Exploration and U3O8 Limited are together earning 70% interest from Cullen Resource Limited (100%)) in the Ashburton district of Western Australia. (Figure 1) Rock chip sampling from Saltwater Pool JV has returned up to: 8.8 g/t gold (Au) 150 g/t silver (Ag) 1.1% antimony (Sb) Additionally, rock chip sampling from Anomaly 22, 700 metres east of Ristretto, on the Cameco Ashburton JV project, has returned significant uranium anomalies including: Up to 0.84% U3O8
U3O8 Limited signed a Joint Venture Agreement with Thundelarra Exploration on three tenements in the Ashburton area of Western Australia on 31st March 2011.
During the recent diamond drilling programme on the adjacent Cameco Joint Venture project area, U3O8 Limited visited, and sampled, low order electromagnetic and radiometric anomalies within its entire Ashburton project area, which includes tenements held under the Saltwater Pool Thundelarra JV, the Ashburton ? Cameco JV and tenements held 100% by the Company.....
