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Share Name | Share Symbol | Market | Type |
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Universal Uranium Ltd. | TSXV:UUL | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Universal Uranium Ltd. (TSX VENTURE:UUL) (the "Company") is pleased to report that its drilling program on its newly acquired Tact Project in Humboldt County, Nevada is underway. Four holes have been completed for a total of 2,010 feet (612.8 meters). The program includes 15 to 20 reverse circulation drill holes from 15 permitted sites within the project boundary. The total program is estimated at 7,000 to 8,000 feet (2135 to 2439 meters). This program will test four separate targets previously defined by historic work. Three of the targets are surface gold anomalies with grades up to 4.5 g/t gold. The fourth target will test a pediment structure defined by geophysical surveys. Construction of access roads for drilling has allowed mapping and sampling of additional altered zones. This process resulted in the collection of over 89 rock chip samples across altered fault zones exposed within the road cuts. The samples ranged from 2 to 35 feet (0.6 to 10.7 meters) true thickness across structural zones containing quartz and iron oxides. The mapping information and samples collected from these road cuts will provide three dimensional definition to mineralized zones when combined with drilling. UUL's Tact property is favorably situated in Buffalo Valley approximately 4 miles (6.4 km) south and along trend with Newmont Mining's Lone Tree gold mine (2 million ounces), 2.5 miles (4 km) northwest of Mineral Ventures Gold Converse deposit (3.9 million ounces) and 6 miles (9.6 km) west of Barrick-Goldcorp's Marigold gold mine (4.5 million ounces). Information with respect to the Tact - Buff properties contained in this press release is approved by Bert W. Jeffries, PGeo, qualified person required under National Instrument 43-101. Universal Uranium Ltd. (TSX VENTURE:UUL) is a publicly held Canadian exploration company focused on acquiring, exploring and developing mineral properties located in favorable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies. ON BEHALF OF THE BOARD: Ronald Atlas, President & Chairman of the Board The Company seeks Safe Harbour. Standard & Poor's Listed Issued Share Capital: 47,284,068
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