ESO Uranium Corp.

ESO Uranium Corp.

October 06, 2010 08:00 ET

ESO Has Positive Gold Results in First Drill Program on Donna Gold, BC Project, With Near Surface Mineralization Confirmed in 6 of 7 Holes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2010) - ESO Uranium Corp. (TSX VENTURE:ESO)(FRANKFURT:E2G), (the "Company" or "ESO") is pleased to announce results of gold assays in a seven (7) hole, 850 meter drill program on the Donna Gold Property, in South Central British Columbia.

The results indicate a strongly anomalous zone that extends west from the trenching and is open (as yet undrilled) further to the west along the soils anomaly. (The trenching reported significant gold values at surface, up to 29.66 g/t Au over 2.5 metres as is further described in the news release of August 26th 2010.) Further assessment of the assays will be carried out when the additional results are received and a fluid inclusion study is completed.

  • Gold mineralization in identified in 6 out of 7 drill holes as broad anomalous zones (greater than 0.1g/t gold) with higher grade veining.
  • DDH 10-4 High sulphide interval of 0.5 meters with 19.35 g/t gold within vein system 2.3 meters (7.6 feet) at approximately true width, grading 3.8 g/t gold.
  • DDH10-5: Veining in 7.5 meters of core length (24.75 feet), at approximately true width, with a grade of 1.67 g/t gold.
  • Silver and pathfinder element assays to be completed on anomalous gold zones.
Drill Hole Depth m. Au zone metres Grade g/t Au
DDH10 -5 23.4 - 44.60 21.2 2.02
DDH10 -4 11.7 - 42.50 30.8 0.50
DDH10 -3 12.3 - 24.35 12.05 0.41
DDG10 -2 17.9 - 37.20 19.3 0.14
  47.0 - 74.80 27.8 0.17
DDH10 -1 30.0 - 64.70 34.7 0.62

ESO management is very encouraged with this initial drill program as it further identified the targets on the western side of earlier trenching and a gold anomaly in soils that extends more than 1,600 meters (5,300 feet) along the height of land between the Kettle River and Yeoward Creek, which are both historical gold placer producers. Gold analyses were carried out by ALS Laboratory Group, an ISO 17025 minerals assay laboratory. All samples were fire assayed as a 30g.(nominal) aliquot and the fire assay beads were analyzed by ICP-AES. Samples over 1.00 g/t were reassayed as a 30 g. (nominal) aliquot of the original pulp and the fire assay bead was measured gravimetrically.

A further drill program will be planned and will target a bulk tonnage gold/silver deposit that could be hosted by the quartz stockwork, metasediments and the dioritic dikes.

A winter drill program is planned for the Mikwam (Ontario) Gold project in view of the continuing strong price of the metal. At current prices, a gram of gold sells for approximately US$42.

B. Ainsworth, PEng BC, is the Qualified Person responsible for the technical disclosure contained in this news release.

On behalf of the Board of Directors of ESO Uranium Corp.

"Ben Ainsworth" 
Vice President, Exploration

This news release includes certain statements that express management'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 regarding its mineral properties. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.

United States residents are cautioned that some of the information that may be published by ESO Uranium Corp. may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information