International Uranium to extend Saskatchewan drilling into the fall

22 August 2004 | 16:37 Code : 4187 Geoscience events
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International Uranium Corp. and JNR Resources Inc. say their drilling program in northern Saskatchewan will continue into the fall after encouraging summer results.
International Uranium Corp. and JNR Resources Inc. say their drilling program in northern Saskatchewan will continue into the fall after encouraging summer results. The Moore Lake uranium project is in the Athabasca Basin of northern Saskatchewan, with IUC holding an option to earn a 75 per cent interest.  "The summer drilling program at Moore Lake has been an outstanding success so far and we're barely half way through," IUC president Ron Holchstein said in a release.  "It's been particularly exciting for us, as recently each good hole we get seems to outdo the previous one. With uranium at $19 US per pound and expected to rise further still, we look forward to the continued success of the program."  International Uranium (TSX:IUC) also holds significant uranium deposits in Mongolia and uranium and vanadium deposits in the United States.

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