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News -
Mining
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Friday, 06 July 2007 08:10 |
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East Asia Minerals Corporation
(TSX VENTURE:EAS) has acquired the rights to mine uranium at a portion
of the Ingiin-Nars Uranium Deposit. The mine is located about 500 kilometers
southeast of Ulaanbaatur.
The Ingiin-Nars Uranium Deposit
was first explored during the Soviet era. Current estimates put existing
uranium deposits at the site as considerably higher than earlier projected.
Initial findings have shown
the site has uranium deposits seven meters thick in zones as wide as
400 meters and stretching for 4.5 kilometers.
Besides working at Ingiin-Nars,
East Asia acquired the Ooshiin Govi site in late 2006. During the winter
of 2007, drilling by East Asia indicated large uranium deposits at Ooshiin
Govi. In May, 2007 the Company acquired the Ulaan Nuur project containing
an estimated 22 million pounds of uranium.
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Last Updated on Friday, 13 July 2007 09:36 |
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