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ESO Uranium Corporation (TSX-V: ESO), the Company is pleased to announce that it has acquired, by staking, claims adjacent to its optioned claims in and around the Teels Marsh playa. These will become part of the optioned properties according to the terms of the respective option agreements. The original claims optioned amounted to 188 claims with an area of approximately 3,880 acres and the additional claims add more than 5000 acres.
Historical reporting by the US Geological Survey (Open File Report: 76-567) indicates Lithium concentrations in playa brines of up to 850 ppm. The Journal “Clays and Clay Minerals” (Vol. 29, No.5, 341-352, 1981) of The Clay Minerals Society reports boron concentrations from interstitial brines associated with tuff beds in the Teels Marsh playa. Samples located within claims staked on open ground on behalf of ESO returned values of 699, 719 and 893 ppm (mg/liter) Boron which is equivalent to 2,250, 2,315 and 2,875 ppm borate (B2O3) respectively.
The claims were acquired in order to extend mineral tenure for the parties over the southwest end of the playa and its pediment covered flanks. The areas covered by pediment indicate areas where sand and gravel have been periodically flushed into the margins of the playa, originally a deep basin, by the larger drainages. Subsequent flooding by lithium and boron rich waters trapped in the basin would form brines by evaporation and charge the sand and gravel beds with brine. Brines with the concentrations reported above constitute a target for potentially economic extraction of lithium and boron minerals.
On behalf of the Board of Directors of ESO Uranium Corp.
“Ben Ainsworth”
Ben Ainsworth, PEng. BC.
Vice President, Exploration
B.Ainsworth has reviewed the data and sources of the data for this news release and is the Qualified Person for the Company in this matter.
For corporate communications please contact:
Robert (Bob) Meister
ESO Uranium Corp.
Vancouver, BC
Phone: (604) 629-0293
Toll Free: 1-866-629-0293
Email:
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Please refer to the ESO Uranium website for further and updated information.
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. Such risks and uncertainties are detailed in the Company’s filing with the Securities and Exchange Commission.
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