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East Asia Minerals confirms major uranium deposits at Ulaan Nuur and Ingiin-Nars
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Thursday, 25 October 2007 |
Canada’s East Asia Minerals
Corporation (TSX VENTURE:EAS) announced Tuesday it has confirmed sizable
uranium deposits at its Ulaan Nuur and Ingiin-Nars uranium sites in
Mongolia.
“These initial results validate
the historic Soviet reporting of significant…..uranium mineralization
at both properties,” the company noted in a written statement.
Uranium deposits at the sites
were found to be 150 to 300 meters wide, 50 to 100 meters long and from
0.1 to 7.65 meters thick. Additionally, earlier estimates of 10,000
tons of uranium at Ulaan Nuur and 2,200 tons at Ingiin-Nars may have
to be revised upward.
East Asia Minerals is an Asian-based,
Canadian mineral exploration company with uranium, gold and copper assets
in Mongolia. The Company owns the Ingiin-Nars, Ulaan Nuur and Enger
uranium properties and has a 75 percent interest in the Khok Adar copper
oxide discovery in Mongolia.
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