Waseco Initiates Uranium Drill Program
July 13 2009 - 10:05AM
Marketwired
Waseco Resources Inc. (TSX VENTURE: WRI)(FRANKFURT: WSE) is pleased
to announce that an initial diamond drilling program has started on
its Du Portage Uranium Project in the Quebec Labrador Trough,
Canada. The drilling is part of the $1.1 Million 2009 exploration
program being funded by the AREVA group.
The targets have been selected based upon favourable airborne
geophysical data, including a detailed electromagnetic (VTEM)
survey completed earlier in the year, and grab samples assayed
following last year's field work, which included 5 samples that
assayed at the maximum for uranium, at better that 1000ppm (greater
than 0.1%- the maximum reading from Neutron Activation/Mass
Spectrometry (INAA/MS). multi-element analysis).
The initial focus of the program will be on a 3,000m by 1,500m
area where the presence, location, direction and dip of the most
interesting conductor structures have been interpreted to be by the
AREVA geologists and geophysicists.
The initial 1,400m program is planned to consist of 4 to 8 holes
to depths of 150m to 350m. The first 133 meters of good quality
core have been recovered from the first hole. The program is
expected to take approximately 1 month to complete.
Loic Garnier, Geo. and Exploration Director of AREVA Quebec,
Inc. is the Qualified Person under NI 43-101 who has reviewed and
approved the technical contents of this release. A.C.A (Peter)
Howe, P.Eng. and Qualified Person under NI 43-101, has reviewed the
technical contents of this release on behalf of the Company.
Waseco Resources Inc. is an exploration company focused
primarily on uranium exploration in the Quebec Labrador Trough
where it is working with the AREVA group. The Company is
profitable, debt free and trading on the TSX Venture Exchange and
the Frankfurt Stock Exchange. There are currently approximately
30.8 million shares issued and outstanding.
About AREVA
With manufacturing facilities in 43 countries and a sales
network in more than 100, AREVA offers customers reliable
technological solutions for CO2-free power generation and
electricity transmission and distribution. AREVA is the world
leader in nuclear power and the only company to cover all
industrial activities in this field. AREVA's 75,000 employees are
committed to making sustainable development the focal point of the
group's industrial strategy.For further information on AREVA,
please visit the company web site at www.areva.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Waseco Resources Inc. Richard Williams President (416)
364-3123 blackwell@tcn.net www.wasecoresources.com
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