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ESO Uranium Commences Drilling on its Mikwam Project |
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Vancouver, Canada, February 28, 2006: ESO Uranium Corp. (ESO:TSX-V) ("the Company" or "ESO") announces that diamond drilling is under way on the Mikwam gold project in northern Ontario. A camp has been established, crew and equipment mobilized and drilling has commenced.
The primary objective of the current drill program is to test the area around the A8-3200 vein where a NI43-101 non-compliant resource was identified by a previous operator. The Company is also planning to drill test an area where several strongly anomalous basal till samples, collected by Newmont, were located in the Tadpole Lake area, approximately 6 kilometers west of the A8 3200 zone. Heavy mineral concentrates from basal till samples returned gold values of 10 to 54 g/t at 5 locations along a zone more than 1.5 kms long on the west side of the lake. A total of 5,000 meters of drilling has been budgeted for this phase of work.
The Mikwam project is located along the western extension of the Casa Berardi deformation zone and is on strike with Aurizon's project in Quebec which is being readied for gold production.
About ESO Uranium Corp.
ESO Uranium Corp., a Vancouver based mineral resource company, is actively exploring for uranium in the Athabasca Basin in Saskatchewan. The Company controls in excess of 860,000 acres of mineral claims in the Athabasca Basin making it one of the largest land holders in the world's most prolific uranium producing region.
ESO also controls 100% of the Mikwam gold project totaling approximately 11,491 acres located along the western extension of the Casa Berardi deformation zone in Ontario. The Company is well financed with over $6 million in its treasury.
Benjamin Ainsworth, MA (Oxon), PEng, is the Qualified Person responsible for this news release.
On behalf of the Board of Directors of ESO Uranium Corp.
"Benjamin Ainsworth"
Benjamin Ainsworth, VP Exploration
For corporate communications please contact Investor Relations at ESO Uranium Corp. Phone: (604) 629-0293; Email:
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Web site: www.esouranium.com
The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management. Statements contained in this news release that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. The historical information contained in this news release was obtained from reports prepared prior to the implementation of NI 43-101. Though the Company has no reason to doubt the accuracy of this information, readers should use caution when considering such information and should not place undue influence upon such.
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