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ESO Contracts 100 Hole Drill Program for Cluff Lake Uranium Properties

Geschrieben am 05.03.2007 - [Nächster Artikel]

Vancouver, Canada (ots/PRNewswire) - ESO Uranium Corporation
(ESO.TSX-V), the Company, has contracted Derex Drilling Services Ltd
of Armstrong BC, to carry out a program designed to test near
surface targets with reverse circulation and/or percussion drilling
on the optioned properties of Hathor Exploration Inc (HAT.TSX-V) and
International KRL Resources Corporation (IRK.TSX-V).

Approximately 10,000 meters of drilling in 100 holes is planned
for the 2007 program on the Cluff Lake properties, with a budgeted
cost of over CN$1,500,000.The claims adjoin the Cluff Lake mining
lease of Areva, the world's largest integrated uranium company and
successor company to the former mine operators.

The Cluff Lake mines, mostly shallow open pit operations, produced
63 million pounds of uranium oxide with an average grade of 0.93% and
significant gold values. The geological and geophysical signatures of
the Cluff Lake host rocks extend onto these adjacent claims.
Historical work on the Bridle Lake Zone, located 2km north of the
Cluff Lake Mine on the Hathor option, included two percussion drill
holes completed by the mine operator, AMOK (MOKTA), in 1979. These
holes intersected 0.112% uranium oxide over 1.5 meters from 17.2 to
18.7 meters (CAR 316A) and 0.12% uranium oxide over 0.4 meters from
52.6 to 53 meters (CAR 278).

In 2006, ground electromagnetic grids were surveyed on the Bridle
Lake Zone by P. Walcott and Associates to define further the several
conductors indicated by an earlier 2006 airborne Megatem survey
commissioned by ESO. These conductors were located immediately up-ice
from a radioactive boulder field reported by AMOK Ltee to have values
up to 0.85% uranium oxide. Radon surveys by ESO have identified two
areas of strongly anomalous radon gas in soils, close to the
conductors. One of the ESO anomalies correlates with an anomaly
reported by AMOK, the other was in an area previously unsurveyed.
Radon gas, a product of the radioactive decay of uranium, is a
measure of the presence of uranium at depth in the bedrock.

An additional priority target area for drilling is located on the
Int. KRL option that flanks the east side of the Cluff Mine lease. It
includes a radioactive boulder field with values up to 16.9% uranium
oxide and 2.9 g/t gold reported in assessment filings of AMOK. The
boulder field is close to several conductors indicated by airborne
and ground electromagnetic surveys carried out by ESO in 2006.

For reference, the current spot price of uranium is US$85 per
pound of U3O8; an assay reported as 1.0% of U3O8 is equal to 20
pounds of uranium oxide per short ton - the conversion of percent
metal or metal oxide from percent to pounds per short ton is done by
multiplying the percent value by 20.

On behalf of the Board of Directors of ESO Uranium Corp.

"Ben Ainsworth"

Vice President, Exploration

The Toronto 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.

ots Originaltext: ESO Uranium Corp.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: For corporate communications please contact:
Tom Corcoran or Bob Meister, ESO Uranium Corp., Vancouver, BC, Phone:
+1-604-629-0293, Email: info@esouranium.com; Please bookmark this
site for future reference and ongoing updated information
 
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