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Examples
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The ongoing scout drilling program aims to illustrate that the Kurupung could host a conceptual 50 million pounds by expanding that pipeline with additional uranium-bearing structures that could contain resources comparable in size and grade to those defined in U3O8 Corp's current NI43-101 resource estimate.
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Uranium in the Kurupung is geologically similar to albitite-hosted uranium deposits worldwide that typically contain resources in the 50 to 130 million pound range, although there is no guarantee that the Kurupung will host a resource of similar size;
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Mineralization at Aricheng C is typical of the Kurupung uranium district, occurring within brecciated and sheared rocks that form structural corridors within the homogeneous batholith.
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"U3O8 Corp. is making excellent progress in showing that the Kurupung uranium district may contain a resource of significant size and grade," said Dr. Richard Spencer, U3O8 Corp's President and CEO.
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- Ongoing exploration drilling in the Kurupung project continues to define new mineralized areas that are expected to lead to potentially strong resource growth in the short-term.
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Structures in the Kurupung Batholith, please visit the following link:
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"The discovery of Aricheng C marks a break-through in the exploration of the uranium-bearing fault system in the Kurupung," said Dr. Richard Spencer, U3O8 Corp's President and CEO.
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Assay results from the scout drilling suggest that the Kurupung structures identified to date may contain a conceptual target of 10-15 million tonnes at a grade of 0.08% to 0.10% U
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Given the success of the 2009 scout drilling program in delineating new areas of uranium mineralization, the drill campaign has been continued into 2010 with the aim of further increasing the potential size of the Kurupung system, a promising uranium district in South America.
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Chi-Chi and Kurupung in Region Seven as well as an area known as the 'Mahaica Locality', located in the vicinity of Kurupung.
Stabroek News 2009
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