UEX Corp T.UEX

UEX Discovery Ignites U Explorers

[egamer]

UEX's high drill hole is the impetus that uranium explorers needed to power the next big price movement higher. In addition to its high-grade, the other significant aspect of the discovery was that the find was made on the western margin of the Athabasca, as opposed to the eastern basin where most of the deposits are found. This spreads the discovery play to different uranium areas not only within the basin but outside with the most important factor being the right geology for uranium deposits. Key aspects in considering the geological potential of a property includes the host rock and location with the most prospective ground on the margin of the sandstone-basement rocks. Other important considerations are uranium occurences, anomalies and conductors. Companies worth looking at because of their landholdings include Pathfinder Resources which has the largest land position in Canada; and JNR Resources with several advance to early stage properties.