eso summary
ESO Uranium Corporation has over 810,000 acres distributed throughout the prolific, Athabasca Basin, of northern Saskatchewan. In Ontario, the company is exploring for gold on the Mikwam Gold Project, totaling 12,864 acres, on the Casa Berardi Deformation Zone.
Western Athabasca Basin:
ESO Uranium has more than 360,000 acres, of which, 35,000 acres (100%) is strategically situated on strike and trend with UEX/COGEMA'S Shea Creek Discovery zone, located nine kilometers to the southeast.
Eastern Athabasca Basin:
ESO Uranium has acquired, 100% interests in claims, covering more than 450,000 acres, of which, a portion are adjacent to claims controlled by COGEMA.
The eastern Athabasca Basin is home of, not only the largest, but also the richest uranium deposits on the planet, including the operating McArthur River Mine with reserves of 400 million lbs U3O8 grading 24.7% U3O8 and Cigar Lake Mine, containing 170 million lbs U3O8, with an average grade of 19% U3O8.
Overall, The Athabasca Basin has been identified as the "global hotspot" for high-grade unconformity-related uranium deposits, accounting for more than 30% of global uranium supply. Inclusive of The Athabasca Basin, the worldwide average grade for uranium mines is 0.24%. ESO-Uranium's historic CAR-425 hole from 1979, is over 350% higher (0.85% uranium over 2.3 meter) than that global average, which also delivered boulder trains on surface, grading up to 19.3% U3O8.
ESO Uranium has dedicated $2 million for an initial exploration budget, with drill targets, which have already been delineated. This budget is exclusive to The Basin.