European Uranium - Kuriskova Joint Venture Provides Update
European Uranium Resources Ltd. ("EUU") (TSXV: EUU) reports that the management committee of the joint venture between Forte Energy NL and European Uranium Resources Ltd. recently met in Slovakia to discuss and agree upon upcoming plans for the Kuriskova project to be funded solely by Forte.
Work in the near term will focus on a review of the Kuriskova uranium resources, including drill hole data collected since the last resource estimate which formed the basis of the 2012 prefeasibility study prepared by Tetra Tech Inc. The Company completed a three hole core drilling program in late 2012 for the purpose of obtaining composite samples for metallurgical test work. Those drill results will now be reviewed to assess whether an update of the mineral resource estimate is warranted.
Work will also begin on evaluating whether there is potential for significant rare earth credits within the deposit. Geochemically anomalous concentrations of certain rare earth elements are known to occur within the Kuriskova uranium and molybdenum mineralization, but their potential to be produced as a byproduct has not been evaluated. Initially, this work will comprise a review and evaluation of existing data, which if positive, will be followed by re-assay of select drill core samples.
EUROPEAN URANIUM RESOURCES LTD.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
For further information please contact: Dorian (Dusty) Nicol, at (604) 536-2711, or visit www.euresources.com.
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Cautionary Statement:
This news release contains forward-looking statements that are based on the Corporation's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Contact
European Uranium Resources Ltd.
Dorian Nicol, 604-536-2711