UEX Corporation ("UEX") is pleased to announce the results from the final 43 diamond drill holes which were completed during the summer/fall 2007 program at the Horseshoe Deposit ("Horseshoe"), and 33 diamond drill holes at the adjacent Raven deposit ("Raven"). Both deposits are located within UEX's 100% owned Hidden Bay Project in the eastern Athabasca Basin area of northern Saskatchewan.
As with previously reported results, the drill results reported here represent a continuing combination of infill and step-out drill holes, the latter which at Horseshoe have extended mineralization further beyond and beneath the limits of the historical drilling conducted by Gulf Minerals Canada ("Gulf"). At Raven, drilling has established better continuity to mineralization than previously interpreted and identified higher grade areas within the deposit. The results reported here represent the last holes of a 39,000 metre, 122 hole drilling program conducted during summer/fall program at the two deposits. Drilling continues at both deposits, with approximately 37,000 metres completed to date since January 2008 during the current winter drilling program.
"Results from Raven and Horseshoe continue to exceed our expectations, and the current drilling programs are defining additional mineralization at both deposits," said Stephen Sorensen President and CEO of UEX.
Horseshoe Deposit Results
Drilling in 2006 and 2007, and subsequent drilling between January and April of 2008, which will be released once analytical results have been received, have defined contiguous mineralization in the central Horseshoe deposit in several shallow east-southeast plunging stacked zones over a strike length of more than 450 metres, and dip lengths of up to 300 metres. The UEX drilling programs have been encountering higher grades, wider intersections, better continuity and an overall greater extent of mineralization at Horseshoe than was outlined here by Gulf in the 1970's.
Geochemical results have been received for 41 of the 43 holes drilled. Two additional holes, HU-156 and HU-157, were drilled for metallurgical testing purposes, and will not have geochemical results until metallurgical processing on the core has been completed. Down-hole probe data is instead reported below. Holes up to HU-134, and hole HU-137 were previously reported (see UEX News Releases, October 29, 2007 and January 2, 2008). Drill holes composited to grades of at least 0.05% U3O8 with a grade-thickness product of greater than 0.1 are listed in Table 1. The most significant of these intercepts include the following:
- 0.27% U3O8 over 21.5 metres, and
0.36% U3O8 over 10.5 metres in hole HU-136 (BE and A2 zones, section 4682N)
- 0.34% U3O8 over 27.1 metres in hole HU-138,
including 0.98% U3O8 over 6.3 metres (BE zone, section 4682N)
- 0.32% U3O8 over 11.4 metres in hole HU-139 (BW zone, section 4724N)
- 0.47% U3O8 over 37.4 metres in hole HU-144 (BW zone, section 4724N)
- 0.12% U3O8 over 18.0 metres in hole HU-153 (BW zone, section 4755N)
- 0.19% U3O8 over 15.5 metres in hole HU-155 (BW zone, section 4755N)
- 0.90% eU3O8* over 19.7 metres in hole HU-156 (A zone, section 4606N)
- 0.14% eU3O8* over 34.8 metres in hole HU-157 (BE zone, section 4724N)
- 0.34% U3O8 over 23.4 metres in hole HU-158 (BW zone, section 4755N)
- 0.45% U3O8 over 13.8 metres in hole HU-161 (BW zone, section 4740N)
- 0.29% U3O8 over 21.5 metres in hole HU-163 (BW zone, section 4755N)
- 0.12% U3O8 over 49.2 metres in hole HU-168 (BW zone, section 4740N)
- 0.31% U3O8 over 24.1 metres in hole HU-171 (BW zone, section 4740N)
- 0.21% U3O8 over 9.6 metres in hole HU-173 (BW zone, section 4740N)
- 0.12% U3O8 over 18.5 metres, and
0.25% U3O8 over 24.3 metres in hole HU-175 (BW zone, section 4740N)
- 0.35% U3O8 over 9.8 metres in hole HU-178 (BW zone, section 4710N)
* Intersections from metallurgical holes HU-156 and HU-157 are reported here from downhole radiometric probe data using an algorithm calculated to estimate equivalent U3O8 grade based on normalization with previous analytical results from the Horseshoe deposit. Results may vary +/- 15% in U3O8 grade from actual future reportable geochemical analytical data, but are reported here for completeness. Final results will be reported when received; samples are currently being processed by SGS Lakefield Research.
Drill core axis angles and continuity of mineralization between drill holes suggest that the vertical to steep drill holes cross the shallow-dipping mineralized zones at a high angle, which is close to true thickness. Many of the holes reported here are from the B West zone which previously was not fully defined, and the known dimensions of which have now been substantially expanded. The results are currently being incorporated into a digital three-dimensional model for an upcoming National Instrument 43-101 ("N.I. 43-101") compliant resource calculation. The 15 to 30 metre, and locally tighter, drill hole spacing now completed throughout Horseshoe should enable much of the resource to be placed into an indicated category. Once all analytical results from drill holes in the Horseshoe southwest area are received, for which drilling was completed in early March 2008, it is anticipated that an N.I. 43-101 compliant resource estimate for Horseshoe should be completed by Golder Associates Ltd. ("Golder") of Saskatoon, SK, during the summer of 2008. Mineralization intersected historically by Gulf to the northeast of the central Horseshoe deposit area will be tested early in the upcoming summer 2008 drilling program, and is likely to add to the total mineral inventory of the deposit area.
Raven Deposit Results
Drilling at Raven comprised infill drilling between widely spaced sections, and step-out drill holes into areas previously defined as mineralized by Gulf, but for which drill spacing was insufficient to confidently establish mineralization continuity. Thirty-three drill holes comprising 8,800 metres were completed with geochemical results received from all but two holes. Drill holes composited to grades of at least 0.05% U3O8 with a grade-thickness product of greater than 0.1 are listed in Table 2. The most significant of these intercepts include the following:
- 2.98% U3O8 over 5.2 metres, in hole RU-026
including 7.99% U3O8 over 1.5 metres (section 5476E)
- 0.13% U3O8 over 37.5 metres in hole RU-036 (section 5448E)
- 0.13% U3O8 over 16.5 metres in hole RU-042 (section 5418E)
- 0.43% U3O8 over 7.7 metres in hole RU-043 (section 5506E)
- 0.13% U3O8 over 24.0 metres in hole RU-047 (section 5445E)
- 0.18% U3O8 over 38.0 metres in hole RU-048 (section 5418E)
- 0.34% U3O8 over 10.0 metres in hole RU-051 (section 5506E)
- 0.16% U3O8 over 22.5 metres in hole RU-058 (section 5445E)
Mineralization at Raven occurs in a horizontal, cylindrical shaped zone of mineralization fringing an intense clay alteration zone developed in the hanging wall of a steeply dipping fault zone. Mineralization occurs near the axis of the Raven syncline at depths of 50 to 275 metres below surface. Highest grades typically occur in its upper northern and central margins, where intersections such as seen in RU-026 are locally developed. Areas of lower grade mineralization, which typically grade between 0.05% and 0.15% U3O8, may be developed over widths of several tens of metres. Definition drilling has now tested the deposit over a strike length of more than 400 metres where mineralization is laterally continuous.
Winter 2008 Drilling Program
A program of further definition, step-out and exploration drilling commenced at the Horseshoe and Raven deposits in January 2008. At Horseshoe, infill and step-out drilling was focused, between January and early March, on further outlining mineralization in the southwestern portions of the Horseshoe deposit which were inaccessible, due to swampy conditions, in the summer of 2007. An additional approximately 70 holes and 19,000 metres of drilling has been completed at Horseshoe in the winter 2008 program to date, and is ongoing. Drilling in the Horseshoe southwest area has recently been completed and samples are being sent to Saskatchewan Research Council Geoanalytical Laboratories ("SRC"). The winter drilling at Horseshoe has extended at least two known zones into previously untested areas from the central Horseshoe area to approximately 150 metres to the southwest and outlined, at 30 metre spacing, other mineralized pods which were previously identified based only on widely spaced drilling. This drilling will now allow incorporation of mineralization in the Horseshoe south area into the upcoming Horseshoe resource calculation. Subsequent drill holes currently being drilled with three drill rigs at Horseshoe are exploring, with 50 to 100 metre step-out holes, areas that are untested by drilling but where geophysical anomalies and alteration continues outward from the main Horseshoe deposit.
Excellent drilling progress has also been made at the adjacent Raven deposit where further step-out drilling on 30 metre sections continues to define mineralization there. More than 65 holes and 18,000 metres of drilling have been completed to date since the commencement of the program in January 2008. Results will be released when received. Drilling at Raven is anticipated to terminate in late April 2008 then recommence in June 2008, and is intended to further define mineralization distribution in anticipation of a fall 2008 N.I. 43-101 compliant resource estimate for Raven.
About the Raven and Horseshoe Deposits
Mineralization at Horseshoe comprises shallow dipping zones of hematization with disseminated and veinlet pitchblende-boltwoodite-uranophane mineralization that are hosted by folded arkosic quartzite gneiss. Mineralization defined to date occurs in five dominant zones termed A, BW, BE, A1 and A2, which define two different styles that comprise: a) disseminated pitchblende-chlorite-hematite, and b) narrower, higher grade nodular and veinlet pitchblende in hematite-clay alteration. To view maps and cross sections of Raven and Horseshoe, please access UEX's website at www.uex-corporation.com under "Projects --Hidden Bay".
Horseshoe and the adjacent Raven Deposit are located less than 5 kilometres south of Cameco Corporation's Rabbit Lake operations, and 12 kilometres southeast of AREVA Resources Canada Inc.'s ("AREVA") McClean Lake operations. Both deposits are hosted by competent basement rocks that could be amenable to both open-pit and conventional underground ramp access mining methods, pending a positive feasibility study. Using widely spaced drill holes, in 1980 Gulf estimated a total resource at Raven and Horseshoe of 6.7 million tonnes at an average grade of 0.16% U3O8, representing approximately 22.82 million contained pounds of U3O8 (13.2 million pounds grading 0.17% U3O8 at Horseshoe, and 9.62 million pounds grading 0.14% U3O8 at Raven). These historical resource estimates were not calculated using current Canadian Institute of Mining, Metallurgy and Petroleum standards. As a result, they are not compliant with N.I. 43-101, and should not be relied upon.
Given the competent host rocks and depths to mineralization at the Horseshoe and Raven deposits, UEX has requested that Golder also assess the economic benefit of an assumption that following open-pit mining of the Raven and Horseshoe Deposits, the final pits could be used as tailings management facilities.
Sample Handling and Quality Assurance
Drill core geochemical samples are selected with the aid of a hand-held scintillometer to identify areas of above-background radioactivity. Samples are split, with half remaining in the core box, and the remainder shipped to SRC where they are crushed and ground to minus 106 microns. The pulp is digested in aqua regia leach and analyzed by ICP for uranium and other elements. In addition to the geochemical analyses, down-hole probe radiometric results, obtained for all drill holes on completion of drilling, provide an independent check of the geochemical data. Probe results can be used for grade calculations where poor ground conditions occur and drill core recoveries are low, although at Raven and Horseshoe recoveries are generally at, or close to, 100%. UEX routinely inserts sample blanks and uranium standards of several grades into the sample stream. In addition, repeat analyses are routinely analyzed, laboratory standards are inserted by SRC, and selected sample pulps have been submitted to other independent laboratories for check analyses to assess sample repeatability and accuracy of the SRC results. Core less in mineralized zones within the Horseshoe and Raven deposits is minimal, and geochemical results highly repeatable.
The technical information in this news release regarding Raven and Horseshoe has been compiled by David Rhys, P. Geo., a Qualified Person as defined by N.I. 43-101.
About UEX
UEX is a Canadian uranium exploration and development company actively involved in 19 uranium projects, including seven that are 100% owned and operated by UEX, one joint venture with AREVA that is operated by UEX, ten joint-ventured with AREVA and one under option from Japan-Canada Uranium Company, Limited, which are operated by AREVA. The 19 projects, totaling 385,452 hectares (952,450 acres), are located in the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium belt, which accounts for approximately 23% of the global primary uranium production. UEX is currently developing several uranium deposits in the Athabasca Basin which include the Anne and Kianna Deposits at its Shea Creek Uranium Project, a joint venture with AREVA in the western Athabasca Basin, and the West Bear, Raven and Horseshoe deposits located at its 100% owned Hidden Bay Project in the eastern Athabasca Basin. UEX's exploration and development budgets for 2008 are estimated at approximately $40 million for 2008, of which UEX will be responsible for approximately $30 million.
ON BEHALF OF THE BOARD OF DIRECTORS OF UEX CORPORATION
Stephen H. Sorensen
President & C.E.O.
Forward-Looking Statements
This news release contains "forward-looking statements" that are based on UEX's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding UEX's outlook for our future operations, plans and timing for the commencement or advancement of exploration activities on our properties, and other expectations, intention and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Many of these factors are beyond the control of UEX. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Table 1.
Summer/Fall 2007 Horseshoe Drilling Program
Intersections from Drill Holes HU-135 to HU-179.
Note that hole HU-137 is excluded since it was already released. Only
intervals with composite grades greater than 0.05% U(3)O(8) and a
grade-thickness product greater than 0.1 are listed below. All analyses
were performed by SRC by ICP. Results are still pending for
metallurgical holes HU-156 and HU-157 which are currently being
processed; equivalent probe grades are provided here. No intervals
greater than 0.05% and a grade thickness product higher than 0.1 were
intersected in holes HU-141, 142, 148, 149, 154, 165, 172, 174, 176,
and 179.
-------------------------------------------------------------------------
Hole Section Depth of Hole From To Length Avg. Grade
(North) (metres) (metres) (metres) (metres) (% U(3)O(8))
-------------------------------------------------------------------------
HU-135 4650 378 278.0 278.6 0.6 0.198
HU-135 286.9 299.4 12.5 0.098
HU-135 358.0 361.5 3.5 0.051
-------------------------------------------------------------------------
HU-136 4682 461 257.5 279.0 21.5 0.269
HU-136 including 257.5 262.0 4.5 0.752
HU-136 295.0 296.0 1.0 0.253
HU-136 302.5 313.0 10.5 0.363
HU-136 325.0 326.0 1.0 0.205
-------------------------------------------------------------------------
HU-138 4682 449 266.7 269.6 2.9 0.249
HU-138 282.9 310.0 27.1 0.338
HU-138 including 289.5 295.8 6.3 0.975
HU-138 333.6 335.3 1.7 0.064
-------------------------------------------------------------------------
HU-139 4724 311 187.2 191.9 4.7 0.054
HU-139 200.6 212.0 11.4 0.323
-------------------------------------------------------------------------
HU-140 4724 293 179.0 187.2 8.2 0.201
-------------------------------------------------------------------------
HU-143 4650 380 319.5 321.8 2.3 0.095
HU-143 327.3 329.0 1.7 0.399
-------------------------------------------------------------------------
HU-144 4724 290 136.8 138.5 1.7 0.101
HU-144 238.6 276.0 37.4 0.472
HU-144 including 253.0 259.2 6.2 1.083
HU-144 including 268.9 276.0 7.1 1.000
-------------------------------------------------------------------------
HU-145 4593 269 157.6 167.6 10.0 0.058
HU-145 196.0 201.3 5.3 0.102
-------------------------------------------------------------------------
HU-146 4611 284 148.4 156.5 8.1 0.111
HU-146 207.8 214.8 7.0 0.173
-------------------------------------------------------------------------
HU-147 4724 323 276.0 277.1 1.1 0.169
HU-147 281.1 303.3 22.2 0.215
-------------------------------------------------------------------------
HU-150 4611 284 233.8 239.7 5.9 0.261
HU-150 250.6 260.0 9.4 0.180
-------------------------------------------------------------------------
HU-151 4755 350 107.8 109.5 1.7 0.065
HU-151 132.8 134.5 1.7 0.110
HU-151 225.9 236.0 10.1 0.116
HU-151 257.5 262.0 4.5 0.313
HU-151 273.0 273.9 0.9 0.138
-------------------------------------------------------------------------
HU-152 4611 284 244.8 247.3 2.5 0.277
-------------------------------------------------------------------------
HU-153 4755 362 153.7 156.7 3.0 0.061
HU-153 281.0 299.0 18.0 0.117
HU-153 311.9 315.5 3.6 0.255
HU-153 331.1 333.9 2.8 0.444
-------------------------------------------------------------------------
HU-155 4755 236 307.0 322.5 15.5 0.193
-------------------------------------------------------------------------
HU-156(*) 4604 236 166.5 186.2 19.7 e0.895(*)
-------------------------------------------------------------------------
HU-157(*) 4724 430 284.3 319.1 34.8 e0.143(*)
-------------------------------------------------------------------------
HU-158 4755 428 257.1 265.7 8.6 0.213
HU-158 306.6 330.0 23.4 0.338
HU-158 including 317.2 317.7 0.5 3.832
-------------------------------------------------------------------------
HU-159 4755 458 389.6 390.6 1.0 0.109
-------------------------------------------------------------------------
HU-160 4755 477 270.0 280.9 10.9 0.066
HU-160 287.5 293.0 5.5 0.069
HU-160 313.4 314.5 1.1 0.092
HU-160 440.5 443.2 2.7 0.118
HU-160 452.5 463.2 10.7 0.144
-------------------------------------------------------------------------
HU-161 4740 341 130.0 131.5 1.5 0.141
HU-161 247.7 249.0 1.3 0.106
HU-161 279.0 292.8 13.8 0.449
HU-161 including 287.8 288.7 0.9 5.188
-------------------------------------------------------------------------
HU-162 4785 341 131.3 133.8 2.5 0.100
HU-162 220.7 221.8 1.1 0.400
-------------------------------------------------------------------------
HU-163 4755 483 301.0 302.7 1.7 0.160
HU-163 326.5 348.0 21.5 0.292
HU-163 including 329.5 337.2 7.7 0.575
-------------------------------------------------------------------------
HU-164 4740 341 155.4 164.0 8.6 0.079
HU-164 245.2 247.0 1.8 0.093
HU-164 263.0 266.5 3.5 0.095
HU-164 276.5 284.0 7.5 0.210
-------------------------------------------------------------------------
HU-166 4740 368 291.5 303.0 11.5 0.149
HU-166 319.0 325.0 6.0 0.065
-------------------------------------------------------------------------
HU-167 4785 374 243.0 244.0 1.0 0.147
-------------------------------------------------------------------------
HU-168 4740 362 286.6 335.8 49.2 0.124
HU-168 including 286.6 293.0 6.4 0.241
-------------------------------------------------------------------------
HU-169 4755 476 320.5 326.5 6.0 0.296
-------------------------------------------------------------------------
HU-170 4785 386 309.8 312.6 2.8 0.415
-------------------------------------------------------------------------
HU-171 4740 404 235.3 236.9 1.6 0.328
HU-171 309.8 333.9 24.1 0.312
-------------------------------------------------------------------------
HU-173 4740 419 243.0 250.8 7.8 0.071
HU-173 258.2 258.7 0.5 0.094
HU-173 271.0 273.3 2.3 0.167
HU-173 287.0 296.6 9.6 0.214
HU-173 305.0 309.5 4.5 0.073
HU-173 319.6 329.0 9.4 0.079
-------------------------------------------------------------------------
HU-175 4740 299 116.3 120.5 4.2 0.099
HU-175 136.0 137.0 1.0 0.193
HU-175 183.3 185.4 2.1 0.069
HU-175 211.5 230.0 18.5 0.123
HU-175 252.1 276.4 24.3 0.251
HU-175 including 252.1 255.4 3.3 0.664
HU-175 including 267.2 268.7 1.5 1.350
-------------------------------------------------------------------------
HU-177 4785 488 400.4 402.5 2.1 0.090
-------------------------------------------------------------------------
HU-178 4710 314 130.8 131.6 0.8 0.142
HU-178 275.2 276.3 1.1 0.187
HU-178 281.5 291.3 9.8 0.347
HU-178 including 288.7 290.3 1.6 1.020
-------------------------------------------------------------------------
(*) Intercepts reported here for holes HU-156 and HU-157 are equivalent
grades calculated from downhole probe data normalized to the Saskatchewan
Research Council test pit, and to other drill holes from the Horseshoe
deposit area. These are metallurgical drill holes for which analytical
data will be released once sample processing is completed. Analytical
data may vary by +/-15% from probe results.
Table 2
Summer/Fall 2007 Raven Drilling Program
Intersections from Drill Holes RU-026 to RU-058.
Only intervals with composite grades greater than 0.05% U(3)O(8) and
a grade-thickness product greater than 0.1 are listed below. All
analyses were performed by SRC by ICP. No intervals greater than
0.05% and a grade thickness product higher than 0.1 were intersected
in holes RU-034, 044, 046, 049, 050 and 053.
-------------------------------------------------------------------------
Hole Section Depth of Hole From To Length Avg. Grade
(North) (metres) (metres) (metres) (metres) (% U(3)O(8))
-------------------------------------------------------------------------
RU-026 5476 351 116.8 122.0 5.2 2.976
RU-026 including 118.5 120.0 1.5 7.986
RU-026 including 119.5 120.0 0.5 19.454
RU-026 134.5 138.0 3.5 0.101
RU-026 151.0 152.0 1.0 0.176
-------------------------------------------------------------------------
RU-027 5534 320 73.2 73.4 0.2 0.964
RU-027 102.6 112.1 9.5 0.195
RU-027 217.7 227.6 9.9 0.052
-------------------------------------------------------------------------
RU-028 5476 262 219.5 221.5 2.0 0.060
-------------------------------------------------------------------------
RU-029 5534 320 112.1 125.4 13.3 0.076
RU-029 188.0 193.8 5.8 0.141
-------------------------------------------------------------------------
RU-030 5476 332 87.5 90.0 2.5 0.133
RU-030 136.4 136.7 0.3 0.672
-------------------------------------------------------------------------
RU-031 5534 341 162.7 164.1 1.4 0.165
-------------------------------------------------------------------------
RU-032 5476 250 184.5 186.0 1.5 0.837
-------------------------------------------------------------------------
RU-033 5534 182 105.7 107.3 1.6 0.521
-------------------------------------------------------------------------
RU-035 5506 320 104.0 106.0 2.0 0.773
RU-035 151.5 153.1 1.6 0.075
RU-035 195.2 199.1 3.9 0.081
RU-035 218.0 219.0 1.0 0.130
-------------------------------------------------------------------------
RU-036 5448 350 106.5 113.0 6.5 0.148
RU-036 118.0 155.5 37.5 0.134
RU-036 258.0 260.0 2.0 0.083
-------------------------------------------------------------------------
RU-037 5506 282 97.4 103.5 6.1 0.181
RU-037 132.0 135.0 3.0 0.074
-------------------------------------------------------------------------
RU-038 5448 319 121.5 122.5 1.0 0.171
RU-038 127.0 128.5 1.5 0.433
RU-038 163.3 164.5 1.2 1.234
-------------------------------------------------------------------------
RU-039 5506 269 93.2 97.8 4.6 0.137
-------------------------------------------------------------------------
RU-040 5448 299 91.5 93.5 2.0 0.276
-------------------------------------------------------------------------
RU-041 5506 302 138.8 144.5 5.7 0.082
RU-041 197.7 199.0 1.3 0.635
RU-041 212.0 218.8 6.8 0.090
-------------------------------------------------------------------------
RU-042 5418 359 108.5 112.5 4.0 0.065
RU-042 120.5 121.5 1.0 0.106
RU-042 162.0 178.5 16.5 0.126
RU-042 291.5 297.0 5.5 0.117
RU-042 303.0 303.5 0.5 0.225
-------------------------------------------------------------------------
RU-043 5506 281 104.8 106.7 1.9 0.126
RU-043 213.6 221.3 7.7 0.431
RU-043 including 214.1 216.6 2.8 0.764
-------------------------------------------------------------------------
RU-045 5506 278 125.6 128.0 2.4 0.068
-------------------------------------------------------------------------
RU-047 5445 340 105.5 129.5 24.0 0.133
RU-047 141.5 153.0 11.5 0.105
RU-047 184.0 187.5 3.5 0.459
RU-047 254.0 256.0 2.0 0.154
RU-047 266.0 273.0 7.0 0.094
-------------------------------------------------------------------------
RU-048 5418 221 113.5 151.5 38.0 0.175
RU-048 including 132.0 139.5 7.5 0.416
RU-048 164.5 168.5 4.0 0.111
RU-048 177.5 188.5 11.0 0.137
-------------------------------------------------------------------------
RU-051 5506 212 95.3 96.3 1.0 0.199
RU-051 111.3 121.3 10.0 0.340
RU-051 including 118.1 120.1 2.0 0.901
-------------------------------------------------------------------------
RU-052 5445 293 118.0 120.0 2.0 0.080
RU-052 125.5 130.5 5.0 0.074
-------------------------------------------------------------------------
RU-054 5580 272 252.5 257.4 4.9 0.174
-------------------------------------------------------------------------
RU-055 5445 271 108.0 111.0 3.0 0.105
RU-055 195.0 205.0 10.0 0.093
-------------------------------------------------------------------------
RU-056 5525 329 218.0 224.0 6.0 0.085
-------------------------------------------------------------------------
RU-057 5580 302 172.0 174.0 2.0 0.185
-------------------------------------------------------------------------
RU-058 5445 259 103.0 125.5 22.5 0.156
RU-058 143.0 147.0 4.0 0.088
RU-058 167.0 189.5 22.5 0.073
-------------------------------------------------------------------------
%SEDAR: 00017609E
For further information: UEX CORPORATION, Suite 1007 - 808 Nelson Street,
Vancouver, BC, Canada, V6Z 2H2, PH: (604) 669-2349, FAX (604) 669-1240,
Website: www.uex-corporation.com, email: uex@intergate.ca
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