Cue Resources Receives Early Transfer of Ownership
September 11 2008 - 1:18PM
Marketwired
Cue Resources Ltd. (TSX-V: CUE) is pleased to announce that shares
representing the remaining 70% ownership of Transandes Paraguay
S.A. have been received. Transandes is now a wholly-owned
subsidiary of Cue. Transandes holds the concessions for the Yuty
uranium project, recently fully granted by the government of
Paraguay as announced September 10, 2008.
The Yuty uranium project includes the San Antonio deposit, with
a preliminary Indicated Resource of 5.1 million lbs U3O8 and
Inferred Resource of 2.2 million lbs U3O8, in south-eastern
Paraguay. This resource estimate was reported in the Technical
Report completed by Scott Wilson Roscoe Postle Associates Inc
(Scott Wilson RPA), of Toronto, Ontario and dated May 15, 2008. The
resource estimate and classification of the Mineral Resources
conforms to the reporting requirements of National Instrument
43-101, and has been filed on SEDAR.
Only a small area of the 231,000 hectare concession covering the
Yuty project area has been properly explored, with 450 drill holes
completed on the property since 1976 and many high-potential
exploration targets remain to be tested across the property. The
preliminary resource estimate was prepared by the Company for
internal guidance only. The full exploration of the concessions
remains a priority for Cue.
Chris M. Healey, P.Geo, COO for Cue, is the Qualified Person
responsible for the technical content of this release.
CUE RESOUCES LTD.
"Chris Healey"
Chris Healey
Chief Operating Officer
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
News Release. Actual results could differ materially from those
described in the news release as a result of numerous factors, some
of which are outside the control of Cue Resources.
Distributed by Filing Services Canada and retransmitted by
Marketwire
CUE RESOURCES LTD. 2400-1111 West Georgia Street Vancouver, BC,
V6E 4M3 Tel: 604-681-5755 Fax: 604-684-2990
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