Trading Symbol TSX-V - ESO
• Frankfurt - E2G13th
VANCOUVER,Nov. 22, 2011 /CNW/ - EsoUranium Corp. (TSX-V: ESO) is pleased to announce thatdrilling has commenced at the Patterson Lake SouthProperty, a Joint Venture (JV) with Fission Energy (TSX-V: FIS), where ESOis the operator of the JV.
The initial drill locations selected target shallow basementmineralization along the down-ice flanks of resistivity targets, close to areasof apparent crosscutting structures that are flagged by discontinuities andflexures in the conductors. The positioning of drill target locations has beenmade following analysis of the data obtained from recent geophysical surveys.The Patterson Geophysical work is being conducted to confirm historic ground EMconductor positions accurately and to test those EM conductors and areas ofmagnetic lows in the area for resistivity targets. The resistivity targets couldreflect the type of alteration surrounding uranium mineralization.
Aggressive Drilling Ltd. of Prince Albert, Sask., hasbeen contracted for a 10-hole, 1,000-metre drill program that is expected to becompleted by mid-December. Drill Target Basics can be viewed in news releasedated November 9th 2011.
The target area is within a defined window of Archean rocksthat are buried by 50 to 60 metres of till cover. The window was opened byglacial scouring along the southern edge of the Athabasca basin that alsoremoved some of the younger Cretaceous cover. The program is targetinghigh-grade uranium deposits hosted in basement rocks, similar to those depositsfound in the lower parts of the Shea Creek deposit 60kilometres (40 miles) north of Patterson Lake, and theMillenium, Key Lake and Roughrider deposits in the easternpart of the Athabasca basin. The five-kilometre length of theboulder field and distinct clusters of associated geochemical values in theboulder field suggest more than one source for the boulder field.
The source appears to be associated with thePatterson Lake conductor corridor. This conductor corridorruns along the boundary zone between the Clearwater and Western granulite domains.According to assessment reports submitted by SMDC, the CrownCorporation, predecessor company of Cameco (TSX: CCO), this is interpretedto have had a favourable geological history, analogous to the highly productiveWollaston domain along its boundary with the Mudjatik domain in the eastern partof the Athabascabasin.
A drill target location map for the Patterson Lake South property can befound on the company's website. www.esouranium.com
Benjamin Ainsworth, P.Eng. BC, is theQualified Person responsible for the technical disclosure contained in this newsrelease.
On behalf of the Board of Directors of ESO Uranium Corp.
"Ben Ainsworth"
Vice President, Exploration
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULLRESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITSREGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THETSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THEADDEQUACT OR ACCURACY OF THIS RELEASE.
This news release includes certain statements that expressmanagement's expectation or estimates of future performance and may be deemed"forward-looking statements". These forward-looking statements include plans,estimates, forecasts and statements as to management's expectations regardingthe Patterson Lake Property. These forward-looking statements involveassumptions, risks and uncertainties and actual results may vary materially.For these reasons shareholders should not place undue reliance on suchforward-looking information.
UnitedStates residents are cautioned that some of the information that maybe published by ESO UraniumCorp. may not be consistent with United States Securities andExchange Commission disclosure rules and may be materially different fromwhat the Company is permitted to disclose in the United States and therefore United States residentsshould not rely on such information.