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Urex Meets with Representatives of Areva
Ticker Symbol: U:URXE X:GER:G6C
RENO, Nevada -- (Business Wire) --
Urex Energy Corporation (the “Company” or “Urex”) (OTCBB: URXE) reports that Directors of the Company met with representatives of Areva NC at the Prospectors & Developers Association of Canada conference (PDAC) in Toronto to discuss the Company’s uranium properties in southern Argentina.
Areva is investigating options regarding uranium resources in southern Argentina and is in cooperation with various owners including Urex to support a potential central process facility. A minimum mineable uranium reserve necessary to support such a process facility is estimated at 22 million pounds of eU3O8. The concept is that the mining of a number of satellite uranium ore bodies, controlled by different owners, would provide uranium ore feed to the central milling facility.
The Company is conducting uranium exploration in the Chubut Province adjacent to Comision Nacional de Energia Atomica’s (CNEA) Cerro Solo uranium deposit, which contains 10 million pounds of eU3O8. During the 2008 exploration season Urex completed 88 drill holes totaling 7624 meters on 5 areas within the Cerro Solo district and discovered significant and potentially economic uranium mineralization. During the upcoming drill season, Urex will continue to develop and explore its properties in district with the object of outlining 12 million pounds of eU3O8 reserves, this, along with CNEA’s reserves, would support a new central process facility in the district.
About Urex Energy Corporation
Urex Energy Corp. is focused on actively exploring and developing uranium properties in Argentina and New Mexico. Urex owns a 99.8% interest in the Rio Chubut property comprised of 170,000 hectares of land which is adjacent to the Cerro Solo Uranium deposit located in Chubut Province within Patagonia of southern Argentina.
Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico. The La Jara Mesa Extension property lies adjacent to Laramide Resources Ltd.'s La Jara Mesa deposit. Between 1950 and 1978 the Grants Mining District produced 270 million pounds of uranium oxide which ranks it as the most prolific uranium district in the United States.
Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Ticker Symbol: U:URXE X:GER:G6C
RENO, Nevada -- (Business Wire) --
Urex Energy Corporation (the “Company” or “Urex”) (OTCBB: URXE) reports that Directors of the Company met with representatives of Areva NC at the Prospectors & Developers Association of Canada conference (PDAC) in Toronto to discuss the Company’s uranium properties in southern Argentina.
Areva is investigating options regarding uranium resources in southern Argentina and is in cooperation with various owners including Urex to support a potential central process facility. A minimum mineable uranium reserve necessary to support such a process facility is estimated at 22 million pounds of eU3O8. The concept is that the mining of a number of satellite uranium ore bodies, controlled by different owners, would provide uranium ore feed to the central milling facility.
The Company is conducting uranium exploration in the Chubut Province adjacent to Comision Nacional de Energia Atomica’s (CNEA) Cerro Solo uranium deposit, which contains 10 million pounds of eU3O8. During the 2008 exploration season Urex completed 88 drill holes totaling 7624 meters on 5 areas within the Cerro Solo district and discovered significant and potentially economic uranium mineralization. During the upcoming drill season, Urex will continue to develop and explore its properties in district with the object of outlining 12 million pounds of eU3O8 reserves, this, along with CNEA’s reserves, would support a new central process facility in the district.
About Urex Energy Corporation
Urex Energy Corp. is focused on actively exploring and developing uranium properties in Argentina and New Mexico. Urex owns a 99.8% interest in the Rio Chubut property comprised of 170,000 hectares of land which is adjacent to the Cerro Solo Uranium deposit located in Chubut Province within Patagonia of southern Argentina.
Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico. The La Jara Mesa Extension property lies adjacent to Laramide Resources Ltd.'s La Jara Mesa deposit. Between 1950 and 1978 the Grants Mining District produced 270 million pounds of uranium oxide which ranks it as the most prolific uranium district in the United States.
Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
