Energy - smartinvestment.ca

steelpiston71 · Posted: Tue May 12, 2009 3:58 pm Post subject: ESO.V - ESO Uranium

Down from 8 cents to 7 cents today, but perking up a little bit with this mini surge in Ux. Used to be $1.13 back in March 2007.

ESO Completes Airborne Geophysical Surveys to Detail Uranium Target Areas in the East Athabasca Basin, Saskatchewan
On Tuesday May 12, 2009, 9:00 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2009) - ESO Uranium Corp. (TSX VENTURE:ESO - News; FRANKFURT:E2G - News; the "Company" or "ESO") has completed a focussed airborne geophysical survey that covered targets selected from earlier airborne and ground surveys on its 100% owned East Athabasca claims. The ZTEM Tipper electrical field measurement system of Geotech Ltd. was applied to cover approximately 1000 line kilometers over 5 target areas. The system is expected to define deeper resistivity anomalies that can reflect the large alteration plumes that are associated with high grade unconformity uranium deposits such as the newly expanded high grade deposit in the Roughrider Zone discovery of Hathor Exploration Ltd.

The spot price of uranium (U3O8) has risen for three consecutive sessions, recently reaching $46/lb. The uranium markets appear to be firming again and Cameco has reported making purchases on the spot market to take advantage of the current anomaly of the higher pricing for long term contracts which have been reported to be in the range of $70-$75/lb.

In order to take advantage of this developing market situation, the Company is planning a summer field programme for the Carswell Dome properties of ESO in the West Athabasca basin adjacent to the Cluff Lake Mine (former producer of approximately 65 million pounds of uranium from several shallow deposits exploited mainly by open pit mines). The average grade of the Cluff Lake deposits was about 0.73% (14.6 lbs per s.ton) U3O8, with significant gold byproduct.

Earlier work by ESO in this area included diamond drilling that resulted in several intersections of uranium mineralization at relatively shallow depths. Drilling was carried out by ESO in 2006 on the Gorilla Lake zone where work in 1981 Amok had returned drill core values in their CAR 425 drill hole of 0.85% U3O8 (17 lbs/s.ton) over 2.5 meters of core length. The ESO holes encountered extensions to the known mineralization with two holes reporting as:

CLU #01 with 0.46% U3O8 (9.2 lbs/s.ton) over 1.5 meters from 174.0 to 175.5 meters drill interval.

CLU # 07 had two mineralized intervals. The upper interval from 153 meters to 160 meters (7 meters of drill interval) returned 0.17% U3O8 (3.4 lbs/s.ton), including 0.82% U3O8 (16.4 lbs/s.ton) over 1 meter. The lower interval assayed at 0.2% U3O8 (4 lbs/s.ton) over 2.0 meters from 175.0 meters to 177.0 meters.

It should be noted that the measured intervals quoted above are not necessarily equivalent to true widths as the attitudes of the mineralization are not yet known.

Current uranium market support includes the many recently announced construction contracts for new nuclear reactor capacity that include supply of uranium fuel in the agreements without confirming that there are assured sources of fuel supply. Also US Government projections (E.I.A., 19th May 2008) for operating nuclear reactors in the USA indicate that they have not yet extended their fuel supply contracts. This has the potential to cause an additional future shortfall that will have to be filled at current rates of consumption at the same time as the initial fuel charge needed for the new reactor capacity under construction. The initial charge of uranium fuel in a new reactor is reportedly approximately three times that of the annual consumption (World Nuclear Association, January 2009). Recent tables of uranium consumption in operating reactors indicate a range of between 275 - 420 lbs of uranium per annual MWe (World Nuclear Association, 1st May, 2009). The 2009 annual World requirement for reactor fuel is reported in the same table as about 144 million pounds of uranium.

For reference, the current spot price quoted by Uxc.com for uranium oxide is US$46 per pound of U3O8, up from the February, 2009 low of $40/lb; an assay reported as 1.0% of U3O8 is equal to 20 pounds of uranium oxide per short ton - the conversion of percent metal or metal oxide from percent to pounds per short ton is done by multiplying the % value by 20.

nerudite · Joined: 12 Apr 2007 Posts: 99 Location: Edmonton

I've owned this for a painfully long time, and it's worth probably 12% what I paid for it. At this point, I've got nothing to lose, so I hope it does well! Looking back, I'd have been much happier if I chose hat.v. instead. Oh well...

glta

Deb

steelpiston71 · Posted: Wed Jul 27, 2011 4:26 pm Post subject:

ESO/Fission Patterson Lake South JV reports high grade boulders up to 39.6% U3O8
ESO Uranium Corp ESO
7/27/2011 2:30:00 PM
VANCOUVER, Jul 27, 2011, 2011 (Canada NewsWire via COMTEX News Network) --

TSX VENTURE SYMBOL: ESO

ESO Uranium Corp. (ESO) and its 50% Joint Venture (JV) partner Fission Energy Corp (TSX-V:FIS), announce results from its boulder prospecting and radon survey program. A total of seventy-four (74) boulder and mineralized soil samples were submitted for assay with the boulders ranging in size from gravel material to mineralized cobbles and boulders up to 45 X 35 X 30 cm.

Highlights of the results are as follows:

-- Twenty-five (25) high grade boulders with grades over 10% U(3)O
(8 )are reported with highest grade assaying at 39.6 % U(3)O( Cool

from a cobble 5 X 4 X 4 cm. The largest boulder sampled assayed
25.7%
-- U(3)0( Cool

and was > 40 cm in its longest dimension from a
partially recovered block at depth of 90 cm.
Twenty-three (23) boulders assayed between 1.0% U(3)0( Cool

to 10%
U(3)O(8.)

steelpiston71 · Posted: Wed Nov 02, 2011 10:41 am Post subject:

This one has touched 5 cents a couple of times this year, up to .115 today so far on this news:

More high grade uranium boulders found in trenching programme, Patterson Lake South JV, Saskatchewan

Trading Symbol TSX-V - ESO
Frankfurt - E2G

VANCOUVER, Nov. 1, 2011 /CNW/ - ESO Uranium Corp. (TSX-V: ESO), (the "Company" or "ESO") and its 50% Joint Venture (JV) partner Fission Energy (TSX-V: FIS), are pleased to announce that the first phase of work resulted in the completion of 18 trenches. Line cutting is now underway for the second phase of work. Ground geophysical surveys including Max Min EM and Induced Polarization are expected to start this week. This trenching has started the detailed search for the bedrock source of the large uranium boulder field discovered by the Joint Venture in June 2011 (see news release dated July 27, 2011).
49 radioactive boulders located in and around the area of trenching
19 off-scale boulders & 8 trenches with significant radioactivity
Boulders increasing in size to the east, suggesting easterly source
Boulders still indicating that a window into Archean Basement is the target
Property extends well beyond probable source area

The uranium boulders discovered in June were all associated with basement rocks, schists, psammites and granulites, and not Athabasca sandstones or conglomerates. These boulders were plucked from a basement source by ice scouring the Archean basement rocks. In this new work, the largest off-scale boulder collected consisted of massive pitchblende with yellow secondary uranium minerals; it had dimensions of 25x30x40 cms (10x12x 16 inches). These larger blocks suggest that the bedrock source is close and well within the claims.

The boulder field discovery was built out of the work completed by Canadian Occidental in the late 1970s. The Patterson Lake South Joint Venture carried out the further work including specialized radiometric and magnetic airborne surveys, followed by ground work including radon and radiometric surveys, that enabled the discovery. "Boots on the Ground" were a key element to the actual discovery of an area which had been recognized in an assessment report of CanOxy. It was commented in this report that a zone that had been located with elevated surface radioactivity and several radon hot spots was probably due to "exotic" boulders in the till.

The Joint Venture recognizes the nature of the boulder cluster and the association with Archean rock types as being strong evidence to point to a nearby source in rocks of the Archean Basement. Recent traverses on the northeast side of the claim block have located no Archean boulders on the surface or in till. This suggests that there is no northeasterly extension of the erosional window into the older basement rocks.

Other companies currently active in the area include Titan Uranium Inc (TSX.V:TUE) who hold a claim block that straddles the Patterson and the Derkson Conductor Corridors and which occupies the area on the north side of the ESO-Fission JV claims.

In the area of the ESO-FIS JV claims, the Patterson Conductor Corridor runs along the boundary zone between the Clearwater and Western Granulite Domains. According to assessment reports submitted by SMDC, the Crown Corporation predecessor company of Cameco (TSX:CCO), this is interpreted to have had a favourable geological history, analogous to the highly productive Wollaston Domain along its boundary with the Mudjatik Domain in the East Athabasca Basin.

steelpiston71 · Posted: Tue Jul 17, 2012 3:46 pm Post subject:

Touched 3.5 cents this past week for the first time in years, all time low is 2 cents.

steelpiston71 · Posted: Wed Aug 22, 2012 11:41 am Post subject:

3 cents today, trying to avg down.

steelpiston71 · Posted: Mon Nov 05, 2012 12:13 pm Post subject:

10:1 consolidation and a name change:

VANCOUVER, Oct. 31, 2012 /CNW/ - ESO Uranium Corp. (TSX-V: ESO), (the "Company" or "ESO"), announced that it is proceeding with the share consolidation, on the basis of ten (10) old shares for one (1) new share (the "Consolidation"), as was approved by shareholders at the Annual and Special meeting held on October 12, 2012. As a result of the Consolidation, the 130,527,778 common shares which are currently issued and outstanding will be reduced to 13,052,777 shares. The name of the Company will also be changed to "Alpha Minerals Inc." concurrently with the Consolidation.

The effective date for the Consolidation and change of name will be Friday, November 2, 2012 (the "Effective Date"). The post-Consolidation common shares of Alpha Minerals Inc. will commence trading on the TSX Venture Exchange at the opening of the market on the Effective Date under the symbol "AMW".

steelpiston71 · Posted: Mon Nov 05, 2012 12:18 pm Post subject:

FISSION ENERGY CORP. ("Fission" or "the Company"), and its Joint Venture partner Alpha Minerals Inc (formerly ESO Uranium Corp), report that core drilling on the PLS project has intersected a 6.0 m wide interval of high grade mineralization with massive visible pitchblende in veins (up to 21cm wide), blebs and flecks.

This high grade mineralization occurs at shallow depth in basement rocks in drill hole PLS12-022 which is still in progress. The strongly radioactive interval occurs within a broader 21.0m interval of moderate radioactivity witch breaches the unconformity and extends downward into the Archean basement.

Ross McElroy, President, COO, and Chief Geologist for Fission, commented, "We believe that PLS is entering a very exciting stage in an underexplored region on the margin of the Athabasca Basin. The latest results to date provide confirmation of the project's potential to host a significant high-grade uranium deposit. We are particularly excited by the size and scope of this discovery."

Technical Details:

Hole PLS12-022, a vertical hole collared 10m north of Hole PLS12-016 intersected anomalous radioactivity in the bedrock over a 21m interval (57.5 -- 78.5m), with a 6.0m wide interval of continuous strong radioactivity (71.0 -- 77.0m).
The unconformity with the Archean basement and probable Devonian sandstone was encountered at 59.53m depth.
The 4.24m intersection of Devonian sandstone included a 1.73 m intersection with 1400 cps radioactivity lying unconformably on the Archean basement.
Elevated radioactivity continues in the upper basement drill core to 78.5m.
A second weakly radioactive interval has been intersected at 166m to 177m depth as drilling continues.
Discovery hole PLS12-022 is located approximately 3.8 km northeast of the high grade boulder field, where assays returned values up to 39.6% U3O8 (see news release July 27, 2011)

Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held Exploranium GR-110G total count gamma-ray scintillometer. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. The degree of radioactivity within this interval is highly variable and associated with visible pitchblende mineralization. Core recovery is generally very good between 91.9 -- 100%. The 21.0m wide zone of alteration and elevated radioactivity can be described as >300 cps, with discrete intervals of high radioactivity (>9999 cps). All intersections are down-hole, core interval measurements and true thickness is yet to be determined.

An ongoing field program is in progress. This includes 8-holes, 1600m of core drilling following up geophysics and geologic targets, including the prospective PL-3B conductor, as well as 12-holes, 1440m of dual rotary (DR) drilling evaluating overburden near the boulder field. (see news release October 25, 2012).

All holes will be radiometrically surveyed with a Mount Sopris 2GHF-1000 Triple Gamma probe, which allows for accurate measurements in high grade mineralized zones. This probe will be used if high grade mineralization is encountered in subsequent drill holes.

Split core samples from the mineralized section of core will be taken continuously through the mineralized intervals and submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which includes U3O8 (wt %) and fire assay for gold. All samples sent for analysis will include a 63 element ICP-OES, uranium by fluorimetry and boron. Assay results will be released when received.

steelpiston71 · Posted: Mon Nov 12, 2012 2:53 pm Post subject:

Up 70% today on this news.

VANCOUVER, Nov. 12, 2012 /PRNewswire/ - Alpha Minerals Inc. (TSX-V: AMW), (the "Company" or "Alpha"), and its Joint Venture partner Fission Energy Corp (TSX-V:FIS) are pleased to release additional results from the current core drill program. Since the announcement of the discovery hole PLS12-022 (see news release Nov. 5, 2012), two more vertical holes have been completed, PLS12-023 located 10 meters grid north of Hole PLS12-022 and Hole PLS12-024 located 10 meters grid west of PLS12-022.

PLS12-023 intersected approximately 13 meters (42.9 feet) of strongly anomalous radioactivity over the core interval between 63.0-76.0 meters downhole with visible uranium mineralization and extensive alteration.

PLS12-024 intersected approximately 24 meters (79.2 feet) of strongly anomalous radioactivity over the core interval between 59.0 - 93.0 meters with a 13.0 m wide interval of mineralization which includes intermittent intervals, totaling 2.14m, of off-scale (>9999 cps) radioactivity. This was measured with the handheld Exploranium GR-110G total counts gamma-ray scintillometer and stated as cps (counts per second). This thicker zone was also associated with strong alteration.

The mineralization occurs at shallow depth in basement rocks. In both drill holes, ?Devonian sediments overlie the basement rocks and are radioactive. This is considered by Alpha to be indicative of a potential nearby source of basement mineralization that was eroded and contributed to these younger ?Devonian sediments at an unconformity overlying the Archean Basement rocks. This is not recognized as the Athabasca Sandstone unconformity with the Archean Basement.

steelpiston71 · Posted: Mon Feb 11, 2013 11:17 am Post subject:

Alpha now almost at $3, things are getting exciting.

steelpiston71 · Posted: Mon Mar 18, 2013 12:15 pm Post subject:

Hit $4.50, quite the ride!

steelpiston71 · Posted: Thu Sep 26, 2013 11:22 am Post subject:

Alpha (AMW) and formerly ESO Uranium, being bought by Fission (FCU).

KELOWNA, BRITISH COLUMBIA--(Marketwired - Sept. 18, 2013) - FISSION URANIUM CORP. (TSX VENTURE:FCU) ("Fission") and ALPHA MINERALS INC. (TSX VENTURE:AMW) ("Alpha") are pleased to announce the signing of a definitive arrangement agreement (the "Arrangement Agreement") to effect the previously announced transaction (the "Transaction") pursuant to which Fission will acquire Alpha and its primary asset, a 50% interest in the Patterson Lake South joint venture (the "PLS Joint Venture"), the other 50% of which is held by Fission. Under the terms of the Arrangement Agreement, Fission has agreed to offer shareholders of Alpha 5.725 shares of Fission and a cash payment of $0.0001 for each Alpha share held by them. The offer represents a 14.5% premium to the unaffected share prices of Alpha and Fission on August 23, 2013, the last trading day prior to the announcement of Fission's initial proposal to Alpha, and an 11% premium based on the closing prices on August 30, 2013, the last trading day prior to the announcement of the proposed Transaction.