European Uranium Completes Metallurgical Drilling Program At Kuriskova Deposit, Slovakia
European Uranium Resources Ltd. (EUU: TSX-V; TGPN: Frankfurt) has completed its planned 3-hole drilling program to obtain samples for further metallurgical testing from the Kuriskova uranium deposit. Preliminary evaluation suggests that the program was successful in obtaining sufficient sample weight at appropriate grade for testing as part of the ongoing feasibility study.
Downhole gamma logging results from the first drill hole (LE-K-73) were reported in an earlier news release dated June 26, 2012. Significant downhole gamma logging results from the final two holes (LE-K-74 and LE-K-75) together with summary of results from nearest previous holes are presented here:
LE-K-74: 2.9 m @ 0.478% eU 3 O 8 , including 0.5 m @ 1.847% eU 3 O 8 .
The two nearest historic holes are:Hole 1181 with 3.6 m @ 0 .143% eU 3O 8 at a distance of 33 metres west of LE-K-74; and LH-K-13A with 1.2 m@ 0.519% U 3O 8 at a distance of 30 metres northeast of LE-K-74 LE-K-75: 2.6 m @ 0.468% eU 3 O 8 , including 0.8 m @ 1.212% eU 3 O 8 . The two nearest historic holes are: Hole LH-K-14A with 3.0 m @ 1.454% U 3O 8 at a distance of 18 metres north of Hole LE-K-75; and Hole 1182 with 4.8 m @ 1.453% eU 3O 8 at a distance of 20 metres northwest of Hole LE-K-75. The April 2011, National Instrument 43-101 compliant resource estimate, audited and approved by Tetra Tech, Inc., comprises an Indicated Resource of 28.5 million pounds of U 3O 8 at a grade of 0.555% U 3O 8 contained in 2.3 million tonnes and an additional Inferred Resource of 12.7 million pounds of U 3O 8 at a grade of 0.185% U 3O 8 contained in 3.1 million tonnes, at a cut-off of 0.05% U (see news release dated April 26, 2011). The Company is continuing to advance critical-path aspects of a feasibility study and environmental impact study for the Kuriskova deposit. The metallurgical samples collected from the continuing drill program will be tested by AREVA, a significant shareholder of European Uranium, later in the summer and fall of 2012, as part of the company's technical services agreement with AREVA. The objective is to optimize the process flow sheet as described in the preliminary feasibility study.
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