ESO Uranium Corp

Published : January 16th, 2012

TO COMMENCE $2.76M WINTER PROGRAM AT PATTERSON LAKE SOUTH JV=2C SASKATCHEWAN

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ESO URANIUM COMMENCES EXPANDED $2.76M WINTER PROGRAM AT PLS
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ESO Uranium Corp

ESO URANIUM TO COMMENCE $2.76M WINTER PROGRAM AT PATTERSON LAKE SOUTH JV (Fission Energy), SASKATCHEWAN


ESO Uranium Corp.(TSX-V: ESO), (the �Company� or �ESO�) and its 50% Joint Venture (JV) partner Fission Energy (TSX-V: FIS), are pleased to announce the start of a $2.76M, 33 hole winter drill program at their PLS Property.  The winter drill program, a follow-up to the November drill program (see news release dated November 9, 2011 and update below) will include Sonic and/or RC Drilling, Core Drilling, and Airborne and Ground Geophysics. 
We feel that the encouraging results to date at the PLS property have warranted an aggressive exploration program for this winter.  We believe that this program presents an excellent opportunity to locate the bedrock source of the high grade uranium boulders discovered in June 2011.� Commented Garrett Ainsworth, Project Manager.  Further information on the winter program will be provided. 
The following is an update to the drill program at the PLS Property, which began in November, 2011.This program tested 75 � 108 meters (m) of overburden through to the basement rocks on the �up-ice� side of the high grade uranium boulder field discovered in June 2011, in an effort to locate radioactive till sheets in the overburden and to determine the extent of Cretaceous on-lap over the basement rocks.
Seven vertical Diamond drill holes (PDD11-01 to 07) totaling 838m using HWT and NW casing through the overburden were completed and surveyed with a Mount Sopris downhole 2PGA-1000 gamma probe (see Table 1).  Background radioactivity in the overburden ranged from 0 to 20 cps.  Drill holes PDD11-06 and 07 showed anomalous radioactivity in overburden intersections from 64.4m to 70.0m (maximum peak of 400 cps) and from 49.6m to 58.2m (maximum peak of 90 cps), respectively.  PDD11-07 was located between PDD11-06 and the area of radioactive boulders trenched in October, 2011. The shallower depth of the anomalous radioactivity in PDD11-07 could be consistent with a semi-continuous till sheet dipping to the northeast towards a possible up-ice bedrock source for the uranium boulders.  Further drilling will be required to determine if these initial results represent an intersection of the radioactive till sheet being sought.  PDD11-03 intersected graphitic metapelitic basement rocks.  Noteworthy, the unconformity was intersected between 10-20m deeper than nearby adjacent PDD11-02 and 04 and may reflect a basement fault off-set.  Basement faulting and graphitic metapelites are often seen as key ingredients associated with structurally controlled uranium mineralization in this region.   
TABLE 1:
Drill Hole Unconformity Depth (m) Altered Regolith Basement Lithology * Anomalous Radioactive Overburden (>80 cps) Total
Hole ID Az Dip From - To (m) Width (m) CPSMax Peak Depth (m)
PDD11-01 0 -90 85.4 - Granitic Gneiss - - - 107.6
PDD11-02 0 -90 75.0 - Granitic Gneiss - - - 111.0
PDD11-03 343 -83 93.0 - Graphitic metapelite - - - 120.0
PDD11-04 0 -90 96.4 - Granulite - - - 117.0
PDD11-05 0 -90 87.7 87.7 - 103.6 Granulite - - - 132.0
PDD11-06 0 -90 108.0 108.0 - EOH Gneiss 64.4 - 70.0 5.6 400 133.1
PDD11-07 0 -90 107.9 107.9 - EOH Gneiss 49.6 - 58.2 8.6 90 107.9
Core samples from basement rocks and clay alteration samples were collected and have been sent to SRC for multi-element analysis and Northwind Resources Ltd. for PIMA spectral analyses to determine select clays and associated minerals for comparison with typical alteration assemblages associated with uranium mineralization in this geological setting.
Each drill hole is surveyed downhole for radioactivity with a Mount Sopris 2PGA-1000 Gamma/SP probe. Samples have been submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which include a 63 element ICP-OES, uranium by fluorimetry (partial digestion). Assays will be reported when available.
PLS is a 50%/50% Joint Venture held with FISSION Energy (FIS). Patterson Lake South is accessible by road with primary access from all weather Highway 955, which runs north to the former Cluff Lake mine, (>60M lbs of U3O8 produced), and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development.
An updated Patterson Lake South Property map, with drill locations, can be found on the Company�s website at www.esouranium.com
B.Ainsworth P.Eng. SK/BC  is the Qualified Person responsible for the technical disclosure contained in this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
�Ben Ainsworth�         
Vice President, Exploration
For corporate communications please contact:
ESO Uranium Corp.
Vancouver, BC
Phone: (604) 629-0293
Toll Free: 1-866-629-8368
Email:   info@esouranium.com
 
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.   NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADDEQUACT OR ACCURACY OF THIS RELEASE.
 
This news release includes certain statements that express management�s expectation or estimates of future performance and may be deemed �forward-looking statements�.  These forward-looking statements include plans, estimates, forecasts and statements as to management�s expectations regarding the Patterson Lake Property. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially.  For these reasons shareholders should not place undue reliance on such forward-looking information.
United States residents are cautioned that some of the information that may be published by ESO Uranium Corp. may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.
 

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Copyright � 2012 ESO Uranium Corp, All rights reserved.
Thank you for your interest in ESO Uranium Corp (TSX.V : ESO) through "Resource Investing News" "Gold Investing News" or "Uranium Investing News."
Our mailing address is:
ESO Uranium Corp
408-1199 west pender st
Vancouver, Bc v6e 2r1

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ESO Uranium Corp

EXPLORATION STAGE
CODE : ESO.V
ISIN : CA2691041057
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ESO Uranium is a uranium exploration company based in Canada.

ESO Uranium holds various exploration projects in Canada.

Its main exploration properties are CLUFF LAKE, MANDIN, CARSWELL, PATTERSON PROPERTY, CREE, HATCHET, MIKWAM, MARIETTA PROPERTY, TEELS MARSH PROPERTY, KLONDIKE PROPERTY, MATHISON LAKE (MATH), DONNA and HOOK in Canada.

ESO Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.6 millions as of today (US$ 2.4 millions, € 1.7 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.48, and its lowest recent point on December 31, 2013 at CA$ 0.02.

ESO Uranium has 13 052 777 shares outstanding.

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Annual reports of ESO Uranium Corp
2008 annual report
Annual report 2007
Financings of ESO Uranium Corp
12/8/2011Announces Shareholders Rights Plan and Private Placement
Project news of ESO Uranium Corp
11/12/2012Alpha Minrerals Inc. ("AMW" )=3A Two More Drill Holes Cut Hi...
11/5/2012Discovery Hole Hits "Off=2DScale" Near Surface at PLS
10/25/2012=3A High Grade Uranium Boulder Field Grows At Patterson Lake...
4/25/2012=3A THREE MORE DRILL HOLES INTERSECTING RADIOACTIVE MINERAL...
2/15/2012Stakes New Uranium Targets In Patterson Lake South JV(ESO=2F...
10/24/2011=3A HUNT FOR HIGH GRADE URANIUM SOURCE STARTS ON PATTERSON...
8/17/2011(Donna)COMPLETES DRILLING ON DONNA GOLD PROPERTY
7/13/2011(Donna)Commences Drilling On Donna Gold Property
6/27/2011FISSION Discover 4Km Long Uranium Boulder Train With "OFF-SC...
7/10/2007(Cluff Lake (carswell))Launches Drill Program On Cluff Lake Uranium Property
Corporate news of ESO Uranium Corp
10/31/2012Announces Effective Date for Name Change and Consolidation
7/24/2012ANOMALOUS U3O8 IN LAST 4 DRILL HOLES OF WINTER PROGRAM=2C PA...
4/18/2012=3A DRILLING RETURNS 19.5 METERS OF STRONG RADIOACTIVE MINER...
2/29/2012=2C Athabasca Basin Leap Year Update
2/27/2012Completes VTEM Airborne Survey=2C Drill Rig Mobilized at Pat...
1/16/2012TO COMMENCE $2.76M WINTER PROGRAM AT PATTERSON LAKE SOUTH JV...
7/27/2011/FISSION PATTERSON LAKE SOUTH JV REPORTS HIGH GRADE BOULDERS...
7/5/2011MORE =E2?=9COFF-SCALE=E2?=9D RADIOACTIVE BOULDERS AND MORE
4/26/2011Starts Rock Sampling At Marietta, Nevada
9/14/2009Starts First Phase of Work on Donna (Formerly DNA) Gold Prop...
7/16/2009Options Gold Property In BC
10/30/2008Eso Uranium Presentation
2/13/2008Signs Option Agreement For Nevada Uranium And Precious Metal...
1/21/2008And Fission Energy Sign Strategic Joint Venture Agreement In...
3/3/2006Commences Drilling on its Cluff Project
2/8/2006Prepares to drill on Mikwam Gold Project, Ontario
2/1/2006Cluff map
2/1/2006Drilling to commence on ESO Uranium Cluff Project in the At...
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