United Uranium Corp. Announces Land Acquisitionadmin
United Uranium Corp. announced that it has completed a property acquisition on the eastern side of the Athabasca Basin, Saskatchewan. The Cleveland Island property is located approximately 30 miles east – northeast of Hathor’s Roughrider zone. This most recent acquisition covers 987 ha of land in the Wollaston Lake area. The Company holds a 100% interest in this property.
Highlights of the Company’s acquisition include:
– Lies on the projection of the Collins bay fault zone, the same zone that hosts the Rabbit Lake, Collins Bay A, B, C, and D, and Eagle Point uranium mines. – Mineralized uranium boulders.
– Close (less than 10 k) from Cameco Corp.’s (CCO – TSX) Eagle Point mine.
The Athabasca Basin hosts a number of major uranium deposits including Cameco’s Cigar Lake and McArthur River, two of the highest grade uranium deposits in the world. Production from the Athabasca Basin currently accounts for 32% of the world’s supply of uranium.
Kyle Kozuska, Chairman of United Uranium Corp. has stated, “We are working towards our goal of providing shareholders with a diversified base of strategically located exploration targets. Uranium will be a crucial commodity in the future, and we believe in the potential of the Athabasca Basin.”
For further information
Christina Dewald, Corporate Secretary, United Uranium Corp., Star Uranium Corp., (306) 664-3828
Source: United Uranium Corp.