Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: ASX
Sector: Energy
Epic: UTO
News: Latest news
Web Site: U308 LIMITED
Other Articles: 09-02-201024-11-200906-11-2009

Crude Oil

U308 LIMITED

U308 Limited is engaged in uranium exploration. The Company controls 44 exploration licenses, 33 of which are granted, and 11 of which are under application, for a total area of almost 6500 square kilometers. Most of the Company's projects are held 100% by U3O8 Limited, but the Company does have a joint venture with Cameco in the Ashburton, is farming into eleven tenements held by Northern Star Resources in the East Kimberley, and has signed a joint venture and farm in agreement with World Uranium on the Mango Bore project in the Gascoyne. All joint ventures are in Western Australia. The Company has initially concentrated its exploration on the shallow calcrete hosted uranium projects (Dawson-Hinkler Well, Wabli Creek). The Company is also focusing on its Olary Creek project in South Australia.
Tuesday, February 09, 2010

U3O8 returns significant uranium assays from Mad Gap Project

Australian-listed uranium company U3O8 (ASX: UTO) has announced a number of significant uranium assay results from its 100% owned Mad Gap Project in the Kimberley region of Western Australia.

In all, 7 rock chip samples were collected from Anomaly 1, a previously identified anomaly situated on Exploration Licence E80/3398.

Exploration Licence E80/3398 forms part of the 100% owned Mad Gap Project and is situated approximately 65km northwest of Halls Creek, in the Kimberley region of Western Australia.

Following a field examination, visible stratabound uranium mineralisation was recognised at or near the target unconformity. Seven rock chip samples were collected from Anomaly 1.

NewsNow icon AddThis Feed Button
Register here to be notified of future U308 LIMITED articles.

Investors interested in U308 LIMITED recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.