Attention Business Editors:
UEX reports final results of 2007 Horseshoe and Raven drilling, including 0.47% U(3)O(8) over 37.4 metres at Horseshoe, and 2.98% U(3)O(8) over 5.2 metres at Raven.
Trading Symbol: UEX-TSX
VANCOUVER, April 9 /CNW/ - UEX Corporation ("UEX") is pleased to announce
the results from the final 43 diamond drill holes which were completed during
the summer/fall 2007 program at the Horseshoe Deposit ("Horseshoe"), and
33�diamond drill holes at the adjacent Raven deposit ("Raven"). Both deposits
are located within UEX's 100% owned Hidden Bay Project in the eastern
Athabasca Basin area of northern Saskatchewan.
As with previously reported results, the drill results reported here
represent a continuing combination of infill and step-out drill holes, the
latter which at Horseshoe have extended mineralization further beyond and
beneath the limits of the historical drilling conducted by Gulf Minerals
Canada ("Gulf"). At Raven, drilling has established better continuity to
mineralization than previously interpreted and identified higher grade areas
within the deposit. The results reported here represent the last holes of a
39,000 metre, 122 hole drilling program conducted during summer/fall program
at the two deposits. Drilling continues at both deposits, with approximately
37,000 metres completed to date since January 2008 during the current winter
drilling program.
"Results from Raven and Horseshoe continue to exceed our expectations,
and the current drilling programs are defining additional mineralization at
both deposits," said Stephen Sorensen President and CEO of UEX.
Horseshoe Deposit Results
Drilling in 2006 and 2007, and subsequent drilling between January and
April of 2008, which will be released once analytical results have been
received, have defined contiguous mineralization in the central Horseshoe
deposit in several shallow east-southeast plunging stacked zones over a strike
length of more than 450 metres, and dip lengths of up to 300 metres. The UEX
drilling programs have been encountering higher grades, wider intersections,
better continuity and an overall greater extent of mineralization at Horseshoe
than was outlined here by Gulf in the 1970's.
Geochemical results have been received for 41 of the 43 holes drilled.
Two additional holes, HU-156 and HU-157, were drilled for metallurgical
testing purposes, and will not have geochemical results until metallurgical
processing on the core has been completed. Down-hole probe data is instead
reported below. Holes up to HU-134, and hole HU-137 were previously reported
(see UEX News Releases, October 29, 2007 and January 2, 2008). Drill holes
composited to grades of at least 0.05% U(3)O(8) with a grade-thickness product
of greater than 0.1 are listed in Table 1. The most significant of these
intercepts include the following:
- 0.27% U(3)O(8) over 21.5 metres, and
0.36% U(3)O(8) over 10.5 metres in hole HU-136 (BE and A2 zones,
section 4682N)
- 0.34% U(3)O(8) over 27.1 metres in hole HU-138, including
0.98% U(3)O(8) over 6.3 metres (BE zone, section 4682N)
- 0.32% U(3)O(8) over 11.4 metres in hole HU-139 (BW zone,
section 4724N)
- 0.47% U(3)O(8) over 37.4 metres in hole HU-144 (BW zone,
section 4724N)
- 0.12% U(3)O(8) over 18.0 metres in hole HU-153 (BW zone,
section 4755N)
- 0.19% U(3)O(8) over 15.5 metres in hole HU-155 (BW zone,
section 4755N)
- 0.90% eU(3)O(8)(*) over 19.7 metres in hole HU-156 (A zone,
section 4606N)
- 0.14% eU(3)O(8)(*) over 34.8 metres in hole HU-157 (BE zone,
section 4724N)
- 0.34% U(3)O(8) over 23.4 metres in hole HU-158 (BW zone,
section 4755N)
- 0.45% U(3)O(8) over 13.8 metres in hole HU-161 (BW zone,
section 4740N)
- 0.29% U(3)O(8) over 21.5 metres in hole HU-163 (BW zone,
section 4755N)
- 0.12% U(3)O(8) over 49.2 metres in hole HU-168 (BW zone,
section 4740N)
- 0.31% U(3)O(8) over 24.1 metres in hole HU-171 (BW zone,
section 4740N)
- 0.21% U(3)O(8) over 9.6 metres in hole HU-173 (BW zone,
section 4740N)
- 0.12% U(3)O(8) over 18.5 metres, and
0.25% U(3)O(8) over 24.3 metres in hole HU-175 (BW zone,
section 4740N)
- 0.35% U(3)O(8) over 9.8 metres in hole HU-178 (BW zone,
section 4710N)
(*) Intersections from metallurgical holes HU-156 and HU-157 are reported
here from downhole radiometric probe data using an algorithm calculated
to estimate equivalent U(3)O(8) grade based on normalization with
previous analytical results from the Horseshoe deposit. Results may vary
+/- 15% in U(3)O(8) grade from actual future reportable geochemical
analytical data, but are reported here for completeness. Final results
will be reported when received; samples are currently being processed by
SGS Lakefield Research.
Drill core axis angles and continuity of mineralization between drill
holes suggest that the vertical to steep drill holes cross the shallow-dipping
mineralized zones at a high angle, which is close to true thickness. Many of
the holes reported here are from the B West zone which previously was not
fully defined, and the known dimensions of which have now been substantially
expanded. The results are currently being incorporated into a digital
three-dimensional model for an upcoming National Instrument 43-101 ("N.I.
43-101") compliant resource calculation. The 15 to 30 metre, and locally
tighter, drill hole spacing now completed throughout Horseshoe should enable
much of the resource to be placed into an indicated category. Once all
analytical results from drill holes in the Horseshoe southwest area are
received, for which drilling was completed in early March 2008, it is
anticipated that an N.I.�43-101 compliant resource estimate for Horseshoe
should be completed by Golder Associates Ltd. ("Golder") of Saskatoon, SK,
during the summer of 2008. Mineralization intersected historically by Gulf to
the northeast of the central Horseshoe deposit area will be tested early in
the upcoming summer 2008 drilling program, and is likely to add to the total
mineral inventory of the deposit area.
Raven Deposit Results
Drilling at Raven comprised infill drilling between widely spaced
sections, and step-out drill holes into areas previously defined as
mineralized by Gulf, but for which drill spacing was insufficient to
confidently establish mineralization continuity. Thirty-three drill holes
comprising 8,800 metres were completed with geochemical results received from
all but two holes. Drill holes composited to grades of at least 0.05% U(3)O(8)
with a grade-thickness product of greater than 0.1 are listed in Table 2. The
most significant of these intercepts include the following:
- 2.98% U(3)O(8) over 5.2 metres, in hole RU-026
including 7.99% U(3)O(8) over 1.5 metres (section 5476E)
- 0.13% U(3)O(8) over 37.5 metres in hole RU-036 (section 5448E)
- 0.13% U(3)O(8) over 16.5 metres in hole RU-042 (section 5418E)
- 0.43% U(3)O(8) over 7.7 metres in hole RU-043 (section 5506E)
- 0.13% U(3)O(8) over 24.0 metres in hole RU-047 (section 5445E)
- 0.18% U(3)O(8) over 38.0 metres in hole RU-048 (section 5418E)
- 0.34% U(3)O(8) over 10.0 metres in hole RU-051 (section 5506E)
- 0.16% U(3)O(8) over 22.5 metres in hole RU-058 (section 5445E)
Mineralization at Raven occurs in a horizontal, cylindrical shaped zone
of mineralization fringing an intense clay alteration zone developed in the
hanging wall of a steeply dipping fault zone. Mineralization occurs near the
axis of the Raven syncline at depths of 50 to 275 metres below surface.
Highest grades typically occur in its upper northern and central margins,
where intersections such as seen in RU-026 are locally developed. Areas of
lower grade mineralization, which typically grade between 0.05% and
0.15%�U(3)O(8), may be developed over widths of several tens of metres.
Definition drilling has now tested the deposit over a strike length of more
than 400�metres where mineralization is laterally continuous.
Winter 2008 Drilling Program
A program of further definition, step-out and exploration drilling
commenced at the Horseshoe and Raven deposits in January 2008. At Horseshoe,
infill and step-out drilling was focused, between January and early March, on
further outlining mineralization in the southwestern portions of the Horseshoe
deposit which were inaccessible, due to swampy conditions, in the summer of
2007. An additional approximately 70 holes and 19,000 metres of drilling has
been completed at Horseshoe in the winter 2008 program to date, and is
ongoing. Drilling in the Horseshoe southwest area has recently been completed
and samples are being sent to Saskatchewan Research Council Geoanalytical
Laboratories ("SRC"). The winter drilling at Horseshoe has extended at least
two known zones into previously untested areas from the central Horseshoe area
to approximately 150 metres to the southwest and outlined, at 30 metre
spacing, other mineralized pods which were previously identified based only on
widely spaced drilling. This drilling will now allow incorporation of
mineralization in the Horseshoe south area into the upcoming Horseshoe
resource calculation. Subsequent drill holes currently being drilled with
three drill rigs at Horseshoe are exploring, with 50 to 100 metre step-out
holes, areas that are untested by drilling but where geophysical anomalies and
alteration continues outward from the main Horseshoe deposit.
Excellent drilling progress has also been made at the adjacent Raven
deposit where further step-out drilling on 30 metre sections continues to
define mineralization there. More than 65 holes and 18,000 metres of drilling
have been completed to date since the commencement of the program in January
2008. Results will be released when received. Drilling at Raven is anticipated
to terminate in late April 2008 then recommence in June 2008, and is intended
to further define mineralization distribution in anticipation of a fall 2008
N.I. 43-101 compliant resource estimate for Raven.
About the Raven and Horseshoe Deposits
Mineralization at Horseshoe comprises shallow dipping zones of
hematization with disseminated and veinlet pitchblende-boltwoodite-uranophane
mineralization that are hosted by folded arkosic quartzite gneiss.
Mineralization defined to date occurs in five dominant zones termed A, BW, BE,
A1 and A2, which define two different styles that comprise: a) disseminated
pitchblende-chlorite-hematite, and b) narrower, higher grade nodular and
veinlet pitchblende in hematite-clay alteration. To view maps and cross
sections of Raven and Horseshoe, please access UEX's website at
www.uex-corporation.com under "Projects -Hidden Bay".
Horseshoe and the adjacent Raven Deposit are located less than
5�kilometres south of Cameco Corporation's Rabbit Lake operations, and
12�kilometres southeast of AREVA Resources Canada Inc.'s ("AREVA") McClean
Lake operations. Both deposits are hosted by competent basement rocks that
could be amenable to both open-pit and conventional underground ramp access
mining methods, pending a positive feasibility study. Using widely spaced
drill holes, in 1980 Gulf estimated a total resource at Raven and Horseshoe of
6.7�million tonnes at an average grade of 0.16% U(3)O(8), representing
approximately 22.82 million contained pounds of U(3)O(8) (13.2 million pounds
grading 0.17% U(3)O(8) at Horseshoe, and 9.62 million pounds grading
0.14%�U(3)O(8) at Raven). These historical resource estimates were not
calculated using current Canadian Institute of Mining, Metallurgy and
Petroleum standards. As a result, they are not compliant with N.I. 43-101, and
should not be relied upon.
Given the competent host rocks and depths to mineralization at the
Horseshoe and Raven deposits, UEX has requested that Golder also assess the
economic benefit of an assumption that following open-pit mining of the Raven
and Horseshoe Deposits, the final pits could be used as tailings management
facilities.
Sample Handling and Quality Assurance
Drill core geochemical samples are selected with the aid of a hand-held
scintillometer to identify areas of above-background radioactivity. Samples
are split, with half remaining in the core box, and the remainder shipped to
SRC where they are crushed and ground to minus 106 microns. The pulp is
digested in aqua regia leach and analyzed by ICP for uranium and other
elements. In addition to the geochemical analyses, down-hole probe radiometric
results, obtained for all drill holes on completion of drilling, provide an
independent check of the geochemical data. Probe results can be used for grade
calculations where poor ground conditions occur and drill core recoveries are
low, although at Raven and Horseshoe recoveries are generally at, or close to,
100%. UEX routinely inserts sample blanks and uranium standards of several
grades into the sample stream. In addition, repeat analyses are routinely
analyzed, laboratory standards are inserted by SRC, and selected sample pulps
have been submitted to other independent laboratories for check analyses to
assess sample repeatability and accuracy of the SRC results. Core less in
mineralized zones within the Horseshoe and Raven deposits is minimal, and
geochemical results highly repeatable.
The technical information in this news release regarding Raven and
Horseshoe has been compiled by David Rhys, P. Geo., a Qualified Person as
defined by N.I. 43-101.
About UEX
UEX is a Canadian uranium exploration and development company actively
involved in 19 uranium projects, including seven that are 100% owned and
operated by UEX, one joint venture with AREVA that is operated by UEX, ten
joint-ventured with AREVA and one under option from Japan-Canada Uranium
Company, Limited, which are operated by AREVA. The 19 projects, totaling
385,452 hectares (952,450 acres), are located in the eastern, western and
northern perimeters of the Athabasca Basin, the world's richest uranium belt,
which accounts for approximately 23% of the global primary uranium production.
UEX is currently developing several uranium deposits in the Athabasca Basin
which include the Anne and Kianna Deposits at its Shea Creek Uranium Project,
a joint venture with AREVA in the western Athabasca Basin, and the West Bear,
Raven and Horseshoe deposits located at its 100% owned Hidden Bay Project in
the eastern Athabasca Basin. UEX's exploration and development budgets for
2008 are estimated at approximately $40 million for 2008, of which UEX will be
responsible for approximately $30 million.
ON BEHALF OF THE BOARD OF DIRECTORS OF UEX CORPORATION
Stephen H. Sorensen
President & C.E.O.
Forward-Looking Statements
This news release contains "forward-looking statements" that are based on
UEX's current expectations, estimates, forecasts and projections. These
forward-looking statements include statements regarding UEX's outlook for our
future operations, plans and timing for the commencement or advancement of
exploration activities on our properties, and other expectations, intention
and plans that are not historical fact. The words "estimates", "projects",
"expects", "intends", "believes", "plans", or their negatives or other
comparable words and phrases are intended to identify forward-looking
statements. Such forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from future results expressed or implied by such forward-looking
statements. Many of these factors are beyond the control of UEX. Consequently,
all forward-looking statements made in this news release are qualified by this
cautionary statement and there can be no assurance that actual results or
developments anticipated by UEX will be realized. For the reasons set forth
above, investors should not place undue reliance on such forward-looking
statements. UEX disclaims any intention or obligation to update or revise
forward-looking information, whether as a result of new information, future
events or otherwise.
Table 1.
Summer/Fall 2007 Horseshoe Drilling Program
Intersections from Drill Holes HU-135 to HU-179.
Note that hole HU-137 is excluded since it was already released. Only
intervals with composite grades greater than 0.05% U(3)O(8) and a
grade-thickness product greater than 0.1 are listed below. All analyses
were performed by SRC by ICP. Results are still pending for
metallurgical holes HU-156 and HU-157 which are currently being
processed; equivalent probe grades are provided here. No intervals
greater than 0.05% and a grade thickness product higher than 0.1 were
intersected in holes HU-141, 142, 148, 149, 154, 165, 172, 174, 176,
and 179.
-------------------------------------------------------------------------
Hole Section Depth of Hole From To Length Avg. Grade
(North) (metres) (metres) (metres) (metres) (% U(3)O(8))
-------------------------------------------------------------------------
HU-135 4650 378 278.0 278.6 0.6 0.198
HU-135 286.9 299.4 12.5 0.098
HU-135 358.0 361.5 3.5 0.051
-------------------------------------------------------------------------
HU-136 4682 461 257.5 279.0 21.5 0.269
HU-136 including 257.5 262.0 4.5 0.752
HU-136 295.0 296.0 1.0 0.253
HU-136 302.5 313.0 10.5 0.363
HU-136 325.0 326.0 1.0 0.205
-------------------------------------------------------------------------
HU-138 4682 449 266.7 269.6 2.9 0.249
HU-138 282.9 310.0 27.1 0.338
HU-138 including 289.5 295.8 6.3 0.975
HU-138 333.6 335.3 1.7 0.064
-------------------------------------------------------------------------
HU-139 4724 311 187.2 191.9 4.7 0.054
HU-139 200.6 212.0 11.4 0.323
-------------------------------------------------------------------------
HU-140 4724 293 179.0 187.2 8.2 0.201
-------------------------------------------------------------------------
HU-143 4650 380 319.5 321.8 2.3 0.095
HU-143 327.3 329.0 1.7 0.399
-------------------------------------------------------------------------
HU-144 4724 290 136.8 138.5 1.7 0.101
HU-144 238.6 276.0 37.4 0.472
HU-144 including 253.0 259.2 6.2 1.083
HU-144 including 268.9 276.0 7.1 1.000
-------------------------------------------------------------------------
HU-145 4593 269 157.6 167.6 10.0 0.058
HU-145 196.0 201.3 5.3 0.102
-------------------------------------------------------------------------
HU-146 4611 284 148.4 156.5 8.1 0.111
HU-146 207.8 214.8 7.0 0.173
-------------------------------------------------------------------------
HU-147 4724 323 276.0 277.1 1.1 0.169
HU-147 281.1 303.3 22.2 0.215
-------------------------------------------------------------------------
HU-150 4611 284 233.8 239.7 5.9 0.261
HU-150 250.6 260.0 9.4 0.180
-------------------------------------------------------------------------
HU-151 4755 350 107.8 109.5 1.7 0.065
HU-151 132.8 134.5 1.7 0.110
HU-151 225.9 236.0 10.1 0.116
HU-151 257.5 262.0 4.5 0.313
HU-151 273.0 273.9 0.9 0.138
-------------------------------------------------------------------------
HU-152 4611 284 244.8 247.3 2.5 0.277
-------------------------------------------------------------------------
HU-153 4755 362 153.7 156.7 3.0 0.061
HU-153 281.0 299.0 18.0 0.117
HU-153 311.9 315.5 3.6 0.255
HU-153 331.1 333.9 2.8 0.444
-------------------------------------------------------------------------
HU-155 4755 236 307.0 322.5 15.5 0.193
-------------------------------------------------------------------------
HU-156(*) 4604 236 166.5 186.2 19.7 e0.895(*)
-------------------------------------------------------------------------
HU-157(*) 4724 430 284.3 319.1 34.8 e0.143(*)
-------------------------------------------------------------------------
HU-158 4755 428 257.1 265.7 8.6 0.213
HU-158 306.6 330.0 23.4 0.338
HU-158 including 317.2 317.7 0.5 3.832
-------------------------------------------------------------------------
HU-159 4755 458 389.6 390.6 1.0 0.109
-------------------------------------------------------------------------
HU-160 4755 477 270.0 280.9 10.9 0.066
HU-160 287.5 293.0 5.5 0.069
HU-160 313.4 314.5 1.1 0.092
HU-160 440.5 443.2 2.7 0.118
HU-160 452.5 463.2 10.7 0.144
-------------------------------------------------------------------------
HU-161 4740 341 130.0 131.5 1.5 0.141
HU-161 247.7 249.0 1.3 0.106
HU-161 279.0 292.8 13.8 0.449
HU-161 including 287.8 288.7 0.9 5.188
-------------------------------------------------------------------------
HU-162 4785 341 131.3 133.8 2.5 0.100
HU-162 220.7 221.8 1.1 0.400
-------------------------------------------------------------------------
HU-163 4755 483 301.0 302.7 1.7 0.160
HU-163 326.5 348.0 21.5 0.292
HU-163 including 329.5 337.2 7.7 0.575
-------------------------------------------------------------------------
HU-164 4740 341 155.4 164.0 8.6 0.079
HU-164 245.2 247.0 1.8 0.093
HU-164 263.0 266.5 3.5 0.095
HU-164 276.5 284.0 7.5 0.210
-------------------------------------------------------------------------
HU-166 4740 368 291.5 303.0 11.5 0.149
HU-166 319.0 325.0 6.0 0.065
-------------------------------------------------------------------------
HU-167 4785 374 243.0 244.0 1.0 0.147
-------------------------------------------------------------------------
HU-168 4740 362 286.6 335.8 49.2 0.124
HU-168 including 286.6 293.0 6.4 0.241
-------------------------------------------------------------------------
HU-169 4755 476 320.5 326.5 6.0 0.296
-------------------------------------------------------------------------
HU-170 4785 386 309.8 312.6 2.8 0.415
-------------------------------------------------------------------------
HU-171 4740 404 235.3 236.9 1.6 0.328
HU-171 309.8 333.9 24.1 0.312
-------------------------------------------------------------------------
HU-173 4740 419 243.0 250.8 7.8 0.071
HU-173 258.2 258.7 0.5 0.094
HU-173 271.0 273.3 2.3 0.167
HU-173 287.0 296.6 9.6 0.214
HU-173 305.0 309.5 4.5 0.073
HU-173 319.6 329.0 9.4 0.079
-------------------------------------------------------------------------
HU-175 4740 299 116.3 120.5 4.2 0.099
HU-175 136.0 137.0 1.0 0.193
HU-175 183.3 185.4 2.1 0.069
HU-175 211.5 230.0 18.5 0.123
HU-175 252.1 276.4 24.3 0.251
HU-175 including 252.1 255.4 3.3 0.664
HU-175 including 267.2 268.7 1.5 1.350
-------------------------------------------------------------------------
HU-177 4785 488 400.4 402.5 2.1 0.090
-------------------------------------------------------------------------
HU-178 4710 314 130.8 131.6 0.8 0.142
HU-178 275.2 276.3 1.1 0.187
HU-178 281.5 291.3 9.8 0.347
HU-178 including 288.7 290.3 1.6 1.020
-------------------------------------------------------------------------
(*) Intercepts reported here for holes HU-156 and HU-157 are equivalent
grades calculated from downhole probe data normalized to the Saskatchewan
Research Council test pit, and to other drill holes from the Horseshoe
deposit area. These are metallurgical drill holes for which analytical
data will be released once sample processing is completed. Analytical
data may vary by +/-15% from probe results.
Table 2.
Summer/Fall 2007 Raven Drilling Program
Intersections from Drill Holes RU-026 to RU-058.
Only intervals with composite grades greater than 0.05% U(3)O(8) and
a grade-thickness product greater than 0.1 are listed below. All
analyses were performed by SRC by ICP. No intervals greater than
0.05% and a grade thickness product higher than 0.1 were intersected
in holes RU-034, 044, 046, 049, 050 and 053.
-------------------------------------------------------------------------
Hole Section Depth of Hole From To Length Avg. Grade
(North) (metres) (metres) (metres) (metres) (% U(3)O(8))
-------------------------------------------------------------------------
RU-026 5476 351 116.8 122.0 5.2 2.976
RU-026 including 118.5 120.0 1.5 7.986
RU-026 including 119.5 120.0 0.5 19.454
RU-026 134.5 138.0 3.5 0.101
RU-026 151.0 152.0 1.0 0.176
-------------------------------------------------------------------------
RU-027 5534 320 73.2 73.4 0.2 0.964
RU-027 102.6 112.1 9.5 0.195
RU-027 217.7 227.6 9.9 0.052
-------------------------------------------------------------------------
RU-028 5476 262 219.5 221.5 2.0 0.060
-------------------------------------------------------------------------
RU-029 5534 320 112.1 125.4 13.3 0.076
RU-029 188.0 193.8 5.8 0.141
-------------------------------------------------------------------------
RU-030 5476 332 87.5 90.0 2.5 0.133
RU-030 136.4 136.7 0.3 0.672
-------------------------------------------------------------------------
RU-031 5534 341 162.7 164.1 1.4 0.165
-------------------------------------------------------------------------
RU-032 5476 250 184.5 186.0 1.5 0.837
-------------------------------------------------------------------------
RU-033 5534 182 105.7 107.3 1.6 0.521
-------------------------------------------------------------------------
RU-035 5506 320 104.0 106.0 2.0 0.773
RU-035 151.5 153.1 1.6 0.075
RU-035 195.2 199.1 3.9 0.081
RU-035 218.0 219.0 1.0 0.130
-------------------------------------------------------------------------
RU-036 5448 350 106.5 113.0 6.5 0.148
RU-036 118.0 155.5 37.5 0.134
RU-036 258.0 260.0 2.0 0.083
-------------------------------------------------------------------------
RU-037 5506 282 97.4 103.5 6.1 0.181
RU-037 132.0 135.0 3.0 0.074
-------------------------------------------------------------------------
RU-038 5448 319 121.5 122.5 1.0 0.171
RU-038 127.0 128.5 1.5 0.433
RU-038 163.3 164.5 1.2 1.234
-------------------------------------------------------------------------
RU-039 5506 269 93.2 97.8 4.6 0.137
-------------------------------------------------------------------------
RU-040 5448 299 91.5 93.5 2.0 0.276
-------------------------------------------------------------------------
RU-041 5506 302 138.8 144.5 5.7 0.082
RU-041 197.7 199.0 1.3 0.635
RU-041 212.0 218.8 6.8 0.090
-------------------------------------------------------------------------
RU-042 5418 359 108.5 112.5 4.0 0.065
RU-042 120.5 121.5 1.0 0.106
RU-042 162.0 178.5 16.5 0.126
RU-042 291.5 297.0 5.5 0.117
RU-042 303.0 303.5 0.5 0.225
-------------------------------------------------------------------------
RU-043 5506 281 104.8 106.7 1.9 0.126
RU-043 213.6 221.3 7.7 0.431
RU-043 including 214.1 216.6 2.8 0.764
-------------------------------------------------------------------------
RU-045 5506 278 125.6 128.0 2.4 0.068
-------------------------------------------------------------------------
RU-047 5445 340 105.5 129.5 24.0 0.133
RU-047 141.5 153.0 11.5 0.105
RU-047 184.0 187.5 3.5 0.459
RU-047 254.0 256.0 2.0 0.154
RU-047 266.0 273.0 7.0 0.094
-------------------------------------------------------------------------
RU-048 5418 221 113.5 151.5 38.0 0.175
RU-048 including 132.0 139.5 7.5 0.416
RU-048 164.5 168.5 4.0 0.111
RU-048 177.5 188.5 11.0 0.137
-------------------------------------------------------------------------
RU-051 5506 212 95.3 96.3 1.0 0.199
RU-051 111.3 121.3 10.0 0.340
RU-051 including 118.1 120.1 2.0 0.901
-------------------------------------------------------------------------
RU-052 5445 293 118.0 120.0 2.0 0.080
RU-052 125.5 130.5 5.0 0.074
-------------------------------------------------------------------------
RU-054 5580 272 252.5 257.4 4.9 0.174
-------------------------------------------------------------------------
RU-055 5445 271 108.0 111.0 3.0 0.105
RU-055 195.0 205.0 10.0 0.093
-------------------------------------------------------------------------
RU-056 5525 329 218.0 224.0 6.0 0.085
-------------------------------------------------------------------------
RU-057 5580 302 172.0 174.0 2.0 0.185
-------------------------------------------------------------------------
RU-058 5445 259 103.0 125.5 22.5 0.156
RU-058 143.0 147.0 4.0 0.088
RU-058 167.0 189.5 22.5 0.073
-------------------------------------------------------------------------
%SEDAR: 00017609E
For further information: UEX CORPORATION, Suite 1007 - 808 Nelson Street,
Vancouver, BC, Canada, V6Z 2H2, PH: (604) 669-2349, FAX (604) 669-1240,
Website: www.uex-corporation.com, email: uex@intergate.ca
