Category: Uncategorized
May 27th

UEX expands Horseshoe Deposit intersecting 0.87% U(3)O(8) over 10.3 metres and reports further continuity of mineralization at the Raven Deposit intersecting 0.38% U(3)O(8) over 37.3 metres

UEX Corporation (\"UEX\") is pleased to announce the results from the first 93 diamond drill holes which were completed during the winter 2008 program on UEX\'s 100% owned Hidden Bay property in northern Saskatchewan. The program comprised mainly definition and stepout drilling at the Horseshoe and Raven Deposits (\"Horseshoe\" and \"Raven\"). In total, 20,371 metres of drilling were completed in 77 holes at Horseshoe, and 18,314 metres in 72 holes were completed at Raven between January and April, 2008, of which the first 47 holes from Horseshoe (HU-180 to HU-226) and first 46 holes from Raven (RU-059 to RU-104) are reported here. Results include intercepts of 0.87% U(3)O(8) over 10.3 metres at Horseshoe in hole HU-182, and 0.38% U(3)O(8) over 37.3 metres at Raven in hole RU-095. Drill holes for which assays have not yet been returned will be released when results are received. \"The Raven, Horseshoe and West Bear Deposits at Hidden Bay are adding significant value to shareholders\" said Stephen Sorensen President and CEO of UEX. \"2008 will be an important year for UEX at Hidden Bay. Geotechnical, metallurgical and environmental baseline studies are ongoing at both Raven and Horseshoe, and compliant resource estimates slated for completion this year should allow us to complete final feasibility studies at both deposits in 2009.\" Sorensen went on to say that \"we expect the final feasibility study for West Bear to be delivered this year, and once received fast track the deposit through to production.\"

Given the competent host rock and depths to mineralization at the Raven and Horseshoe Deposits, UEX has requested that Golder Associates Ltd. (\"Golder\") of Saskatoon, SK. assess the cost of developing the shallower Raven Deposit as a Tailings Management Facility under the assumption that the deposit will be mined by way of open pit. UEX will need tailings capacity to deal with the anticipated future mining of Raven and Horseshoe. Raven could provide this tailing capacity for UEX and others in the area.

The close proximity of UEX\'s Raven and Horseshoe Deposits to Cameco\'s Rabbit Lake Mill could create an opportunity for the companies to capitalize on each other\'s assets. \"The concept of access to future milling capacity for UEX in exchange for access to future tailings capacity for Cameco would appear to make economic sense for both companies\" said Sorensen.

Horseshoe Deposit Results

The 2008 drilling, combined with results from previous drilling programs in 2006 and 2007, has now defined the Horseshoe Deposit over a strike length of approximately 550 metres. Throughout this area, mineralization occurs in several stacked, linear and shallow dipping, east-northeast plunging zones. These have now been defined continuously to the limits of mineralization at a drill spacing of 15 to 30 metres. The winter 2008 drilling results represent the final data needed for a National Instrument 43-101 (\"N.I. 43-101\") compliant resource calculation at Horseshoe which is expected to be delivered in the summer of 2008 by Golder. The drilling spacing should be sufficient to place much of this resource in at least an indicated resource category, enabling a feasibility study.

The 2008 drilling was concentrated mainly in the Horseshoe South area which lies under swampy low ground that prevented drilling in the summer of 2007. Drill holes composited to grades of at least 0.05% U(3)O(8) with a grade-thickness product of greater than 0.1 are listed in Table 1. Several holes reported in Table 1 lacked any significant intercepts because they tested the limits of mineralized zones and consequently provide boundaries for resource modeling purposes. The most significant of the intercepts are listed below and except for holes HU-180, HU-208 and HU-212, which were drilled in the B West Zone where some additional infill holes were required, all of the holes listed below were drilled in the Horseshoe South area:
    -   0.32% U(3)O(8) over 18.6 metres in hole HU-180 (BW zone, section
        4710N)
    -   0.87% U(3)O(8) over 10.3 metres in hole HU-182 (section 4490N)
    -   0.28% U(3)O(8) over 14.3 metres in hole HU-184 (section 4516N)
    -   0.25% U(3)O(8) over 7.1 metres in hole HU-188 (section 4490N)
    -   0.18% U(3)O(8) over 11.1 metres in hole HU-189 (section 4490N)
    -   0.60% U(3)O(8) over 3.5 metres in hole HU-194 (section 4540N)
    -   0.21% U(3)O(8) over 13.2 metres in hole HU-199 (section 4516N)
    -   0.23% U(3)O(8) over 13.6 metres in hole HU-208 (BW zone, section
        4724N)
    -   2.81% U(3)O(8) over 0.8 metres in hole HU-209 (section 4385N)
    -   0.34% U(3)O(8) over 19.6 metres in hole HU-212 (BW zone, section
        4724N)
    -   0.22% U(3)O(8) over 10.4 metres in hole HU-216 (section 4735N)
    -   0.29% U(3)O(8) over 18.1 metres in hole HU-217 (section 4385N)
    -   0.27% U(3)O(8) over 34.0 metres in hole HU-220 (section 4516N)
    -   0.16% U(3)O(8) over 20.9 metres in hole HU-221 (section 4735N)
    -   0.23% U(3)O(8) over 26.6 metres in hole HU-223 (section 4516N)
    -   0.39% U(3)O(8) over 7.1 metres in hole HU-225 (section 4593N)
    
No zone names have been assigned yet to drill hole intersections in the Horseshoe South area since further modeling will be necessary before the outline of mineralized zones can be fully interpreted. The B West Zone and an unnamed zone which lies above the B West Zone pass through this area and extend through the previous drilling continuously to the northeast end of the deposit. Other zones, including the large A Zone, which will host much of the Horseshoe resource, also extend though the Horseshoe South area either continuously, or as a series of sub-zones which extend off its southwestern end. Many of the intercepts reported here lie beyond the limits of previous drilling and have, as with previous drilling programs, significantly extended the overall footprint of the deposit. The true thickness of each of these intercepts has yet to be determined since interpretation of the results is continuing, although the shallow dipping zones in many holes appear to have been intersected at close to true width of the lens-shaped, shallow plunging mineralized zones. The mineralization in the Horseshoe South area lies at depths of 80 to 250 metres below surface, shallower than other parts of the deposit to the northeast.

In addition to the results reported above, geochemical results have now been received from metallurgical holes HU-156 and HU-157, which are currently undergoing metallurgical processing at SGS Lakefield Research (\"Lakefield\") under the supervision of Melis and Associates of Saskatoon, SK. Previously, only probe results were released from these holes since the whole core was sent to Lakefield for processing. Geochemical data from holes HU-156, in the Horseshoe A Zone returned 1.01% U(3)O(8) over 18.2 metres between 168.8 and 187.0 metres, including 2.2% U(3)O(8) over 5.2 metres. This compares closely, although is higher in grade than previously released probe results of 0.90% eU(3)O(8) over 19.7 metres. This intercept upgrades this part of the A Zone, having higher grades and widths than adjacent holes. Hole HU-157 intersected 0.13% U(3)O(8) over 34.9 metres between 285.5 and 320.4 metres, which is closely comparable to the 0.14% eU3O8 over 34.8 metres previously reported from probe grades. The very good correlation between values obtained from probe and geochemical grades allow independent verification of geochemical results to be used in the resource calculation, in addition to other quality assurance and quality control procedures routinely undertaken by UEX. Processing and metallurgical testing on these holes are currently underway.

Additional mineralization intersected by Gulf Minerals Canada (\"Gulf\") historically at Horseshoe is present to the northeast of the resource area. This area will be tested by drilling during the summer of 2008, and additional resources could be delineated there.

Raven Deposit Results

The winter 2008 drilling program at the Raven Deposit continued to expand along 30 metre step-out cross sections along strike, with some infill drilling where necessary to provide a minimum 30 metre drill spacing for resource calculation. Apart from some infill holes which will be required early during the summer 2008 program, drilling at Raven is sufficient to proceed with the planned fall, 2008 timeline for completion of a resource estimate. Recent and historical drilling suggest that mineralization is still open in some areas to the east, and these areas will be further tested later in the summer program.

Drill holes from the initial winter 2008 drill holes at Raven which composited to grades of at least 0.05% U(3)O(8) with a grade-thickness product of greater than 0.1 are listed in Table 2. The most significant of these intercepts include the following:
    -   0.09% U(3)O(8) over 22.2 metres in hole RU-068 (section 5385E)
    -   0.09% U(3)O(8) over 20.0 metres, and
        0.30% U(3)O(8) over 11.0 metres in hole RU-071 (section 5630E)
    -   0.21% U(3)O(8) over 8.0 metres in hole RU-077 (section 5630E)
    -   0.22% U(3)O(8) over 8.1 metres in hole RU-085 (section 5385E)
    -   0.17% U(3)O(8) over 13.5 metres, and
        0.21% U(3)O(8) over 8.5 metres in hole RU-087 (section 5360E)
    -   0.16% U(3)O(8) over 11.0 metres in hole RU-091 (section 5360E)
    -   0.39% U(3)O(8) over 4.3 metres in hole RU-092 (section 5506E)
    -   0.38% U(3)O(8) over 37.3 metres, including
        0.82% U(3)O(8) over 9.4 metres in hole RU-095 (section 5445E)
    -   0.51% U(3)O(8) over 7.0 metres in hole RU-103 (section 5360E)
    -   1.04% U(3)O(8) over 1.9 metres in hole RU-104 (section 5506E)
   
To date, mineralization has been defined over a strike length of approximately 600 metres in a horizontal, cylindrically-shaped zone fringing an area of intense clay alteration that is developed in the hanging wall of a steeply dipping fault. Mineralization occurs near the axis of the Raven syncline at depths of 50 to 275 metres below surface. Highest grades typically occur in its upper northern and central margins, where intersections such as seen in hole RU-095 are locally developed. Areas of lower grade mineralization, which typically grade between 0.05% and 0.15% U(3)O(8), may be developed over widths of several tens of metres, defining several sub-horizontal, elongated zones that are controlled by the distribution of lithologic units.

One metallurgical drill hole, hole RU-130, was completed at Raven late during the winter program utilizing HQ diameter rods. The core is currently being prepared for metallurgical testing by Melis and Associates, and will be utilized in future economic assessment of the deposit.

Summer 2008 Drilling Program

Drilling during the summer of 2008 is planned to commence in early June and will consist of a three stage drilling program comprised of the following:
    1)  Further infill and step-out drilling at Raven, and testing of
        historically known mineralization northeast of Horseshoe to be
        conducted during June and July utilizing three drills;

    2)  Helicopter supported drilling of outlying targets such as Tent-Seal,
        Rhino, Shamus and Rabbit West, to be conducted during August and
        September utilizing two drills, where previously alteration and
        mineralization have been intersected in several holes; and

    3)  Further ground drill testing of targets in the Raven-Horseshoe and
        Telephone Lake areas to be conducted late during the program.
  
The regional drilling program will be complemented by high resolution airborne radiometric and magnetic surveys which will be flown during June 2008 over much of the southern and central portions of the Hidden Bay Project by Geo Data Solutions Inc. (GDS).

About the Raven and Horseshoe Deposits

Mineralization at Horseshoe comprises shallow dipping zones of hematization with disseminated and veinlet pitchblende-boltwoodite-uranophane that are hosted by folded arkosic quartzite gneiss. Mineralization defined to date occurs in at least five dominant zones termed A, BW, BE, A1 and A2, which define two different styles comprised of: a) disseminated pitchblende-chlorite-hematite, and b) narrower, higher grade nodular and veinlet pitchblende in hematite-clay alteration. To view maps and cross sections of Raven and Horseshoe, please access UEX\'s website at www.uex-corporation.com under \"Projects-Hidden Bay\".

Horseshoe and the adjacent Raven Deposit are located less than 5 kilometres south of Cameco Corporation\'s Rabbit Lake operations, and 12 kilometres southeast of AREVA Resources Canada Inc.\'s (\"AREVA\") McClean Lake operations. Both deposits are hosted by competent basement rocks that could be amenable to both open-pit and conventional underground ramp access mining methods, pending a positive feasibility study. Using widely spaced drill holes, in 1980 Gulf estimated a total resource at Raven and Horseshoe of 6.7 million tonnes at an average grade of 0.16% U(3)O(8), representing approximately 22.82 million contained pounds of U(3)O(8) (13.2 million pounds grading 0.17% U(3)O(8) at Horseshoe, and 9.62 million pounds grading 0.14% U(3)O(8) at Raven). These historical resource estimates were not calculated using current Canadian Institute of Mining, Metallurgy and Petroleum standards. As a result, they are not compliant with N.I. 43-101, and should not be relied upon.

Sample Handling and Quality Assurance

Drill core geochemical samples are selected with the aid of a hand-held scintillometer to identify areas of above-background radioactivity. Samples are split, with half remaining in the core box, and the remainder shipped to Saskatchewan Research Council Geoanalytical Laboratories (\"SRC\") where they are crushed and ground to minus 106 microns. The pulp is digested in aqua regia leach and analyzed by ICP for uranium and other elements. In addition to the geochemical analyses, down-hole probe radiometric results, obtained for all drill holes on completion of drilling, provide an independent check of the geochemical data. Probe results can be used for grade calculations where poor ground conditions occur and drill core recoveries are low, although at Raven and Horseshoe recoveries are generally at, or close to, 100%. UEX routinely inserts sample blanks and uranium standards of several grades into the sample stream. In addition, repeat analyses are routinely analyzed, laboratory standards are inserted by SRC, and selected sample pulps have been submitted to other independent laboratories for check analyses to assess sample repeatability and accuracy of the SRC results. Core loss in mineralized zones within the Horseshoe and Raven deposits is minimal, and geochemical results are highly repeatable.

The technical information in this news release regarding Raven and Horseshoe has been compiled by David Rhys, P. Geo., a Qualified Person as defined by N.I. 43-101.

About UEX

UEX is a Canadian uranium exploration and development company actively involved in 19 uranium projects, including seven that are 100% owned and operated by UEX, one joint venture with AREVA that is operated by UEX, ten joint-ventured with AREVA and one under option from Japan-Canada Uranium Company, Limited, which are operated by AREVA. The 19 projects, totaling 385,452 hectares (952,450 acres), are located in the eastern, western and northern perimeters of the Athabasca Basin, the world\'s richest uranium belt, which accounts for approximately 23% of the global primary uranium production. UEX is currently developing several uranium deposits in the Athabasca Basin which include the Anne and Kianna Deposits at its Shea Creek Uranium Project, a joint venture with AREVA in the western Athabasca Basin, and the West Bear, Raven and Horseshoe deposits located at its 100% owned Hidden Bay Project in the eastern Athabasca Basin. UEX\'s exploration and development budgets for 2008 are estimated at approximately $40 million, of which UEX will be responsible for approximately $30 million.

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Forward-Looking Statements

This news release contains \"forward-looking statements\" that are based on UEX\'s current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding UEX\'s outlook for our future operations, plans and timing for the commencement or advancement of exploration activities on our properties, and other expectations, intention and plans that are not historical fact. The words \"estimates\", \"projects\", \"expects\", \"intends\", \"believes\", \"plans\", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Many of these factors are beyond the control of UEX. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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Only intervals with composite grades greater than 0.05% U(3)O(8) and a grade-thickness product greater than 0.1 are listed below. All analyses were performed by Saskatchewan Research Council by ICP. No intervals greater than 0.05% and a grade thickness product higher than 0.1 were intersected in holes HU-181, 186, 187, 191, 196, 202, 203, 204, 206, 207, 210, 211, 215, 218, 219, 222, and 224.
    -------------------------------------------------------------------------
             Section  Depth of Hole  From        To       Length  Avg. Grade
    Hole     (North)     (metres)  (metres)   (metres)   (metres)   (% U3O8)
    -------------------------------------------------------------------------
    HU-180      4710       344       216.0       217.4        1.4      0.090
    HU-180                           220.8       221.7        0.9      0.077
    HU-180                           244.1       252.4        8.3      0.103
    HU-180                           261.0       279.6       18.6      0.322
    -------------------------------------------------------------------------
    HU-182      4490       200       172.7       183.0       10.3      0.871
    -------------------------------------------------------------------------
    HU-183      4710       341       106.9       112.7        5.8      0.166
    HU-183                           115.9       117.0        1.1      0.196
    HU-183                           240.9       243.0        2.1      0.085
    HU-183                           269.3       275.3        6.0      0.215
    -------------------------------------------------------------------------
    HU-184      4516       221       181.5       195.8       14.3      0.277
    -------------------------------------------------------------------------
    HU-185      4490       209       182.4       186.7        4.3      0.308
    -------------------------------------------------------------------------
    HU-188      4490       220       166.2       173.3        7.1      0.254
    -------------------------------------------------------------------------
    HU-189      4490       207       164.5       166.0        1.5      0.115
    HU-189                           176.9       188.0       11.1      0.177
    -------------------------------------------------------------------------
    HU-190      4540       220        96.2        97.7        1.5      0.147
    HU-190                           120.5       127.1        6.6      0.151
    HU-190                           192.5       194.1        1.6      0.189
    -------------------------------------------------------------------------
    HU-192      4540       237       166.0       167.0        1.0      0.129
    HU-192                           192.5       194.5        2.0      0.203
    -------------------------------------------------------------------------
    HU-193      4490       242       176.0       176.8        0.8      0.200
    HU-193                           200.1       201.9        1.8      0.777
    HU-193                           206.5       207.2        0.7      0.447
    -------------------------------------------------------------------------
    HU-194      4540       240       146.0       149.0        3.0      0.100
    HU-194                           153.0       156.5        3.5      0.604
    HU-194                           179.0       180.5        1.5      0.486
    -------------------------------------------------------------------------
    HU-195      4411       222       195.7       196.6        0.9      0.433
    -------------------------------------------------------------------------
    HU-197      4465       211       135.0       138.2        3.2      0.216
    -------------------------------------------------------------------------
    HU-198      4411       219       155.0       157.0        2.0      0.105
    HU-198                           166.8       168.5        1.7      0.073
    HU-198                           209.8       210.4        0.6      0.733
    -------------------------------------------------------------------------
    HU-199      4516       224       111.8       125.0       13.2      0.211
    HU-199                           205.8       206.7        0.9      0.376
    -------------------------------------------------------------------------
    HU-200      4465       260        99.5       100.0        0.5      0.653
    HU-200                           140.0       142.0        2.0      0.127
    HU-200                           221.7       230.2        8.5      0.151
    -------------------------------------------------------------------------
    HU-201      4411       240       214.7       216.0        1.3      0.186
    -------------------------------------------------------------------------
    HU-205      4490       200       167.9       168.8        0.9      0.537
    -------------------------------------------------------------------------
    HU-208      4724       326       243.7       248.0        4.3      0.116
    HU-208                           288.5       302.1       13.6      0.232
    -------------------------------------------------------------------------
    HU-209      4385       241       210.5       211.3        0.8      2.806
    -------------------------------------------------------------------------
    HU-212      4724       307       137.0       138.5        1.5      0.116
    HU-212                           211.0       212.6        1.6      0.387
    -------------------------------------------------------------------------
    HU-212                           243.0       245.6        2.6      0.083
    HU-212                           252.8       272.4       19.6      0.344
    -------------------------------------------------------------------------
    HU-213      4385       249       135.8       136.9        1.1      0.165
    -------------------------------------------------------------------------
    HU-214      4570       215       131.2       132.2        1.0      0.644
    HU-214                           137.9       139.5        1.6      0.869
    HU-214                           171.3       173.0        1.7      0.177
    -------------------------------------------------------------------------
    HU-216      4735       347       122.0       123.4        1.4      0.082
    HU-216                           237.0       245.2        8.2      0.158
    HU-216                           257.0       259.0        2.0      0.120
    HU-216                           274.6       285.0       10.4      0.218
    HU-216                           320.0       320.6        0.6      0.205
    -------------------------------------------------------------------------
    HU-217      4385       246       187.4       205.5       18.1      0.290
    -------------------------------------------------------------------------
    HU-220      4516       230       122.0       156.0       34.0      0.268
    -------------------------------------------------------------------------
    HU-221      4735       323       134.9       137.0        2.1      0.117
    HU-221                           278.5       281.5        3.0      0.087
    HU-221                           286.7       307.6       20.9      0.155
    -------------------------------------------------------------------------
    HU-223      4516       200       104.5       131.1       26.6      0.228
    -------------------------------------------------------------------------
    HU-225      4593       256       155.7       162.8        7.1      0.390
    HU-225                           183.3       184.2        0.9      0.766
    -------------------------------------------------------------------------
    HU-226      4516       215       185.8       189.3        3.5      0.363
    -------------------------------------------------------------------------

                                  Table 2.
                     Winter 2008 Raven Drilling Program
              Intersections from Drill Holes RU-059 to RU-104.

    Only intervals with composite grades greater than 0.05% U(3)O(8) and a
grade-thickness product greater than 0.1 are listed below. All analyses were
performed by SRC by ICP. No intervals greater than 0.05% and a grade thickness
product higher than 0.1 were intersected in holes RU-059, 061, 062 066, 074,
082, 086, 088, 089, 101, and 102.

    -------------------------------------------------------------------------
             Section  Depth of Hole  From        To       Length  Avg. Grade
    Hole      (East)     (metres)  (metres)   (metres)   (metres)   (% U3O8)
    -------------------------------------------------------------------------
    RU-060      5580       242        71.0        71.5        0.5      0.355
    RU-060                           141.4       150.0        8.6      0.084
    RU-060                           164.5       166.1        1.6      0.059
    -------------------------------------------------------------------------
    RU-063      5580       272       206.0       208.5        2.5      0.063
    RU-063                           212.0       213.0        1.0      0.153
    RU-063                           231.7       234.6        2.9      0.054
    RU-063                           242.7       243.6        0.9      0.121
    RU-063                           246.0       253.0        7.0      0.079
    -------------------------------------------------------------------------
    RU-064      5385       297       139.1       140.5        1.4      0.097
    RU-064                           142.6       143.9        1.3      0.080
    RU-064                           145.9       153.4        7.5      0.093
    RU-064                           158.0       163.0        5.0      0.086
    RU-064                           187.9       204.3       16.4      0.092
    -------------------------------------------------------------------------
    RU-065      5580       272       209.0       213.0        4.0      0.089
    RU-065                           218.7       223.0        4.3      0.098
    -------------------------------------------------------------------------
    RU-067      5580       242       153.7       155.7        2.0      0.133
    RU-067                           188.0       195.5        7.5      0.096
    -------------------------------------------------------------------------
    RU-068      5385       302       108.0       130.2       22.2      0.093
    RU-068                           207.2       210.0        2.8      0.068
    -------------------------------------------------------------------------
    RU-069      5580       246       205.0       205.5        0.5      0.391
    -------------------------------------------------------------------------
    RU-070      5664       244       179.1       180.1        1.0      0.533
    RU-070                           194.5       199.2        4.7      0.112
    RU-070                           225.5       226.7        1.2      0.206
    -------------------------------------------------------------------------
    RU-071      5630       302        63.0        64.0        1.0      0.540
    RU-071                           113.0       114.0        1.0      0.203
    RU-071                           121.0       141.0       20.0      0.088
    RU-071                           146.0       147.0        1.0      0.199
    RU-071                           167.0       178.0       11.0      0.304
    RU-071                           185.0       186.0        1.0      0.354
    -------------------------------------------------------------------------
    RU-072      5385       251       164.1       165.3        1.2      0.247
    RU-072                           182.5       186.4        3.9      0.120
    RU-072                           192.5       194.2        1.7      0.225
    -------------------------------------------------------------------------
    RU-073      5664       239       162.3       165.1        2.8      0.097
    -------------------------------------------------------------------------
    RU-075      5630       302       121.0       143.0       22.0      0.067
    RU-075                           160.0       161.0        1.0      0.193
    RU-075                           169.0       184.5       15.5      0.090
    RU-075                           268.3       269.0        0.7      0.191
    -------------------------------------------------------------------------
    RU-076      5664       239        62.7        64.0        1.3      0.081
    RU-076                           127.0       128.6        1.6      0.071
    RU-076                           148.0       149.1        1.1      0.097
    RU-076                           154.4       156.2        1.8      0.264
    -------------------------------------------------------------------------
    RU-077      5630       302        93.0       101.0        8.0      0.208
    -------------------------------------------------------------------------
    RU-078      5385       232       106.3       111.6        5.3      0.119
    RU-078                           197.0       199.8        2.8      0.086
    -------------------------------------------------------------------------
    RU-079      5360       341       117.7       120.5        2.8      0.054
    RU-079                           133.0       137.0        4.0      0.067
    RU-079                           141.8       144.5        2.7      0.085
    RU-079                           160.0       169.0        9.0      0.074
    RU-079                           188.0       196.0        8.0      0.073
    RU-079                           223.0       225.0        2.0      0.117
    -------------------------------------------------------------------------
    RU-080      5630       247       129.9       132.5        2.6      0.100
    RU-080                           216.3       219.6        3.3      0.211
    -------------------------------------------------------------------------
    RU-081      5630       200        32.1        33.1        1.0      0.253
    RU-081                           110.4       113.6        3.2      0.173
    RU-081                           129.5       133.5        4.0      0.070
    -------------------------------------------------------------------------
    RU-083      5360       341       123.0       132.0        9.0      0.077
    -------------------------------------------------------------------------
    RU-084      5630       200        93.5        96.9        3.4      0.078
    -------------------------------------------------------------------------
    RU-085      5385       302       102.0       109.8        7.8      0.051
    RU-085                           127.9       128.9        1.0      0.100
    RU-085                           157.2       165.3        8.1      0.222
    -------------------------------------------------------------------------
    RU-087      5360       240        98.0       111.5       13.5      0.172
    RU-087                           133.0       138.0        5.0      0.058
    RU-087                           237.0       245.5        8.5      0.214
    -------------------------------------------------------------------------
    RU-090      5664       161        42.0        44.1        2.1      0.336
    RU-090                            68.6        69.1        0.5      0.163
    RU-090                           120.4       122.7        2.3      0.357
    RU-090                           131.6       132.7        1.1      0.272
    -------------------------------------------------------------------------
    RU-091      5360       300       152.5       167.0       14.5      0.100
    RU-091                           187.0       198.0       11.0      0.163
    RU-091                           210.0       220.0       10.0      0.065
    -------------------------------------------------------------------------
    RU-092      5506       278       186.3       186.6        0.3      0.863
    RU-092                           194.0       198.3        4.3      0.390
    RU-092                           209.4       212.6        3.2      0.091
    RU-092                           217.6       222.3        4.7      0.080
    -------------------------------------------------------------------------
    RU-093      5695       317        65.3        67.3        2.0      0.157
    RU-093                           103.7       117.8       14.1      0.076
    -------------------------------------------------------------------------
    RU-094      5360       360        87.6        88.2        0.6      0.259
    RU-094                            97.5       100.5        3.0      0.127
    RU-094                           113.0       118.5        5.5      0.072
    RU-094                           125.0       126.5        1.5      0.084
    RU-094                           137.0       146.5        9.5      0.100
    RU-094                           227.0       228.5        1.5      0.067
    RU-094                           241.0       245.0        4.0      0.094
    RU-094                           260.0       263.0        3.0      0.094
    -------------------------------------------------------------------------
    RU-095      5445       242       117.0       154.3       37.3      0.377
    RU-095         including         120.4       129.8        9.4      0.816
    RU-095                           160.8       162.2        1.4      0.131
    RU-095                           185.4       186.1        0.7      0.403
    -------------------------------------------------------------------------
    RU-096      5360       263       183.0       185.0        2.0      0.162
    RU-096                           188.0       191.0        3.0      0.055
    -------------------------------------------------------------------------
    RU-097      5695       251        58.8        61.6        2.8      0.061
    RU-097                           178.6       181.5        2.9      0.073
    -------------------------------------------------------------------------
    RU-098      5445       239        93.9        95.2        1.3      0.180
    RU-098                           124.4       125.0        0.6      0.173
    -------------------------------------------------------------------------
    RU-099      5360       242       107.0       108.5        1.5      0.323
    RU-099                           158.4       179.0       20.6      0.072
    -------------------------------------------------------------------------
    RU-100      5695       251        89.7        92.5        2.8      0.051
    RU-100                           234.3       241.8        7.5      0.065
    -------------------------------------------------------------------------
    RU-103      5360       301       117.5       125.0        7.5      0.145
    RU-103                           157.0       164.0        7.0      0.507
    RU-103                           193.5       194.0        0.5      0.307
    RU-103                           206.5       208.0        1.5      0.160
    -------------------------------------------------------------------------
    RU-104      5506       179        79.0        80.9        1.9      1.036
    -------------------------------------------------------------------------
    
%SEDAR: 00017609E

SOURCE: UEX Corporation

UEX CORPORATION, Suite 1007 - 808 Nelson Street, Vancouver, B.C., Canada, V6Z 2H2, PH: (604) 669-2349, FAX (604) 669-1240, Website: www.uex-corporation.com, email: This email address is being protected from spambots. You need JavaScript enabled to view it.